Dear Users,
 
Due to popular demand. BingX Spot will add 1 trading pair on 2024-04-19, 10:30:00 (UTC+0).
• Asset: MERL
• Trading Pair: MERL/USDT
• MERL Deposit Time: 2024-04-17, 10:00:00 (UTC+0)
• MERL Withdrawal Time: 2024-04-20, 10:00:00 (UTC+0)

What is Merlin Chain (MERL)?

Merlin Chain (MERL) is a Layer 2 solution specifically designed for the Bitcoin network. It aims to address scalability limitations and enhance the functionality of Bitcoin by providing a platform for faster transactions, lower fees, and a wider range of applications. Here's a breakdown of its key features and highlights:

Built for Bitcoin: Unlike many Layer 2 solutions built on Ethereum, Merlin Chain is a native Bitcoin Layer 2. This means it integrates seamlessly with the Bitcoin ecosystem, allowing users to leverage their existing Bitcoin wallets and assets. It supports popular Bitcoin protocols like BRC20, BRC420, and Bitmap, ensuring a familiar experience for Bitcoin users transitioning to Layer 2.

EVM Compatibility: Merlin Chain boasts compatibility with the Ethereum Virtual Machine (EVM), which opens doors for developers familiar with the Ethereum ecosystem to easily build and deploy decentralized applications (dApps) on Merlin Chain. This EVM compatibility fosters innovation and expands the potential use cases for Bitcoin assets.

Scalability and Efficiency: Merlin Chain tackles the scalability challenge of Bitcoin by implementing ZK-Rollup technology. This allows for processing a large volume of transactions off-chain, significantly reducing transaction fees and expediting transaction settlement times compared to the Bitcoin mainnet.

Security and Transparency: While ZK-Rollups offer efficiency gains, security remains paramount. Merlin Chain utilizes decentralized oracles to transmit data between the Layer 2 network and the Bitcoin mainnet. These oracles ensure transparency and verifiability of transactions on the Layer 2 solution. Additionally, sequencer nodes on the network are responsible for managing data transmission, further contributing to the overall security of the system.

Community Focus and Innovation: Merlin Chain emphasizes fair launches and fosters a community-driven approach to development. This means that new features and functionalities are proposed and implemented with the active participation of the Merlin Chain community. This collaborative approach ensures that the platform continues to evolve and cater to the needs of its users.

Making Bitcoin Fun Again: The project's name, Merlin Chain, and its slogan, "Making Bitcoin Fun Again," hint at its goal of revitalizing the Bitcoin ecosystem by bringing back the excitement and innovation associated with the early days of Bitcoin. By enabling faster transactions, lower fees, and a wider range of applications, Merlin Chain aspires to make Bitcoin more accessible and engaging for a broader user base.

In summary, Merlin Chain is a Layer 2 solution that strives to empower the Bitcoin ecosystem by offering scalability, lower fees, and a platform for innovation. Its focus on Bitcoin-native integration, EVM compatibility, and community-driven development positions it as a potential game-changer for the future of Bitcoin applications.

 

 

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Investment Risk Warning:
Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks and invest prudently.

Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.
 
 
BingX Operation Team
2024-04-17
 
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