David Edwards
Bybit Launchpool is excited to introduce MERL, the utility token of Merlin Chain.
Event Period: Apr 19, 2024, 10AM UTC – Apr 26, 2024, 10AM UTC
Step-by-Step Guide:
- If you don’t have a Bybit account. You can register here
- Open Binance app -> “Launchpool” -> “Stake to earn”
A few words about project:
Bybit, which debuted as a cryptocurrency exchange in March 2018, has built a reputation for its high-quality platform. It features an ultra-fast matching engine, excellent customer service, and multilingual support, catering to crypto traders of all levels. The platform serves more than 10 million users and institutions, providing a diverse range of over 100 assets and contracts. These include Spot, Futures, and Options trading, in addition to launchpad projects, earning products, an NFT Marketplace, and more.
Merlin Chain is a Bitcoin Layer 2 solution that incorporates a ZK-Rollup network, a decentralized oracle network, Data Availability, and on-chain BTC fraud proof modules. Its mission is to enhance the functionality of Bitcoin’s native assets, protocols, and products on Layer 1 by utilizing its Layer 2 network, aiming to “Make Bitcoin Fun Again.”
Merlin Chain uses zero-knowledge proofs, which are submitted to Bitcoin for verifying commitments, thus bolstering the Bitcoin network. It allows participants to provide fraud proofs for any disputes, leveraging Bitcoin’s strong consensus mechanism to secure the Merlin Chain network. This setup promises a secure, practical, fully-featured, and economically efficient environment for users within its ecosystem.
The goal of Merlin Chain is to extend the innovations of Bitcoin from Layer 1 to Layer 2, supporting a range of Bitcoin Layer 1 assets, developing decentralized applications that adhere to Bitcoin’s “fully on-chain” philosophy, and fostering community-driven asset launches. Merlin is also working towards creating an EVM-compatible chain for Bitcoin to unlock the full potential of Bitcoin and Ordinals.
