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About Merlin Chain
Disclosures
Merlin Chain risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Merlin Chain. All crypto assets are risky, there are general risks in investing in Merlin Chain. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
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Dive deeper into Merlin Chain
Merlin Chain represents a Layer 2 network developed to extend the capabilities of Bitcoin by incorporating advanced technologies such as ZK-Rollup, decentralized oracle networks, Data Availability, and BTC fraud proof modules. This platform is dedicated to boosting Bitcoin’s utility and interaction by enhancing assets, protocols, and products originally established on Bitcoin’s Layer 1.
Merlin Chain uses zero-knowledge proofs to verify commitments on the Bitcoin blockchain, facilitating a mechanism where disputes are resolved securely and transparently. This approach not only strengthens the security but also increases the efficiency of the network, making it a reliable environment for its users.
The vision of Merlin Chain is to bridge the innovations of Bitcoin from Layer 1 to Layer 2. This encompasses backing a variety of Bitcoin Layer 1 assets, developing decentralized applications that embody the ’fully on-chain’ ethos of Bitcoin. Additionally, it focuses on a community-driven approach to asset launches and is working towards compatibility with Ethereum Virtual Machine (EVM) to broaden Bitcoin’s application scope.
Launched in February 2024, Merlin Chain has quickly established itself as a leading Layer 2 network with over $3.6 billion Total value locked (TVL) and a diverse range of DApps spanning DeFi, gaming, and social platforms. The network also introduces $MERL, a native token integral to governing and securing the ecosystem, marking a significant step in its evolution.
How does Merlin work?
Merlin Chain leverages advanced blockchain technologies, rooted in Polygon’s ZK technology, to enhance Bitcoin’s functionality and scalability. This Layer 2 solution integrates a decentralized oracle network for data availability, supported by Celestia, and utilizes Lumoz’s decentralized computing for zero-knowledge proof (ZKP) computations. Merlin’s architecture allows for the processing of transactions via ZK Rollups, offering benefits such as heightened security by inheriting Bitcoin’s robust consensus mechanism while improving scalability through batch processing on Layer 2. The system supports EVM-compatible smart contracts, enhancing interoperability with existing blockchain ecosystems.
Additionally, Merlin Chain optimizes transaction costs by employing ZK proofs and zkSNARKs to minimize data storage on Layer 1, leading to lower fees and higher throughput. The zkProver component within Merlin executes complex mathematical operations, ensuring all transactions are verified under stringent security standards before being confirmed on the network, promoting a secure, efficient, and economically scalable blockchain environment.
MERL Prices and Tokenomics
Merlin Chain’s native token is MERL, a BRC-20 token with a fixed supply of 2.1 billion units, underpinning the network’s transactional and governance activities. As a vital cog in the ecosystem, $MERL grants holders participatory power in crucial network decisions and development through a structured governance model.
Engagement in the Merlin ecosystem is multifaceted—holders can stake MERL to bolster the security layer or use the token for transactional purposes across the network. Moreover, MERL facilitates a delegated staking system, empowering token holders to contribute to the network’s operational efficiency. Within the ecosystem, MERL also serves as a key liquidity provider and a form of collateral, ensuring the seamless execution of transactions and supporting the network’s various financial mechanisms.
Token allocation for $MERL is meticulously planned. This involves a phased release strategy designed to maintain a steady flow into the market, fostering growth while managing inflation. The allocation caters to diverse ecosystem needs—from developmental funds to community incentives—encouraging long-term engagement and stability. By integrating these strategic tokenomics with user-centric features, Merlin Chain is geared toward fostering a sustainable and participatory blockchain environment.
Merlin Highlights
- EVM Compatibility & Efficiency: Merlin Chain excels in providing low transaction fees and enhanced scalability, compatible with Ethereum Virtual Machines (EVMs) for fast and efficient transaction processing.
- BTC Protocol Support: Supports a range of Bitcoin protocols including BRC20 and BRC420, along with innovative solutions like Bitmap, Atomicals, Pipe, and Stamp, broadening its reach across Bitcoin’s Layer 2.
- ZK Rollup Implementation: Incorporates ZK-Rollup technology, advancing the efficiency and scalability of the network, with sequencer nodes orchestrating data transfer through decentralized Oracles to promote transparency and bolster security.
- Layer 2 Native Innovations: Upholds a dedication to equitable launches and community-led developments, ensuring Merlin Chain is at the forefront of introducing native, user-focused solutions on Bitcoin’s Layer 2.
Disclaimer
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