Merlinbtc MBTC Chain
Merlinbtc mbtc merlinbtcchain is a Bitcoin layer 2 that is committed to empowering native Bitcoin protocols, assets, and products to make Bitcoin fun again. The project features a decentralized oracle network, ZK-rollup security, and on-chain BTC fraud-proof modules to enhance the trustworthiness of Bitcoin sidechains.
Merlin Chain supports BTC-native assets by leveraging the blockchain’s existing cryptographic signature and encryption capabilities. By doing so, it allows users to store and transact a wide range of digital goods on its platform while preserving the value of their holdings. In addition, it also provides new opportunities for developers to build applications with a higher level of functionality than existing sidechains can offer.
In terms of its cryptocurrency, Merlin uses a Proof-of-Stake (PoS) protocol to reward holders for their participation in the network. This ensures that the network remains secure and reliable, even in the face of increased traffic or malicious attacks. Moreover, it offers a flexible fee schedule to encourage widespread adoption of its tokens.
Users can deposit a variety of mainstream crypto assets into the Merlin ecosystem to earn staking income. These assets are deposited into the Merlin multi-signature wallet and are managed by multiple parties, ensuring a low single-point of failure and maximum liquidity.
Merlin’s staking rewards are based on the amount of MBTC pledged to the platform. Pledged MBTC can be unpledged at any time and returned in just a few days. This makes it easy to earn staking rewards without sacrificing the security of your MBTC.
Unlike other PoS systems that require a large number of participants to ensure high network performance, Merlin rewards its stakeholders based on the amount of MBTC they hold. This means that even a small percentage of the staking pool can have a significant impact on the overall network performance. For more details please visit merlinbtc mbtc merlinbtcchain
In addition, Merlin is announcing its first governance token launch through People’s Launchpad. The $MP token will be launched through an IDO and will be available for purchase starting March 25th. The proceeds from the issuance will be used for ecosystem development projects such as Runes and Dragonverse Neo, as well as governance activities on the Merlin platform.
The launch of M-Token marks a major milestone for the Merlin ecosystem as it prepares for its full public launch. This will enable the development of a one-stop shop DEX for atomically traded Bitcoin-native assets such as Ordinals and Runes, the flagship blockchain game Dragonverse Neo, MerlinSwap, and Influpia. The launch of these projects will further accelerate the growth of the Merlin ecosystem.
