B² Network and Merlin Chain, two prominent Bitcoin Layer 2 solutions, have joined forces in a strategic partnership to strengthen the security and liquidity of the ecosystem. This collaboration will play a crucial role in ensuring the long-term success of BTC Layer 2s, an essential element of the ongoing bullish market cycle.
We are thrilled to announce our partnership with @bsquarednetwork, which brings together Bitcoin developers to enhance and prosper the Bitcoin ecosystem. As pioneers in the Bitcoin Layer 2 space, Merlin Chain and B² Network share a deep commitment to expanding Bitcoin’s usability while preserving its integrity.
B² Network introduces groundbreaking solutions with its B² Rollup and B² Hub. The B² Rollup, the first Bitcoin rollup based on verification commitment, enhances transaction efficiency and security. On the other hand, the B² Hub serves as the first Bitcoin Data Availability (DA) layer, ensuring finality on the Bitcoin network and safeguarding data integrity and accessibility.
Merlin Chain integrates the ZK-Rollup network, decentralized Oracle network, and on-chain BTC fraud-proof modules. Its mission is to empower Bitcoin’s native assets and protocols through its Layer 2 network, enhancing usability and functionality. Merlin Chain’s commitment to “Make Bitcoin Fun Again” is achieved through these advanced technological integrations.
Shared Vision and Collaborative Goals
Since the emergence of BTC Layer 2 solutions, B² Network and Merlin Chain have shared the vision of scaling Bitcoin while leveraging its inherent potential. Their extensive development efforts have resulted in high-performance solutions that offer seamless on-chain operations and superior liquidity.
One key area of collaboration focuses on enhancing security through the integration of B² Hub. Merlin Chain will integrate B² Network’s DA Layer, bolstering BTC Layer 2 security through B² Hub. This integration will ensure data availability and maintain Bitcoin’s security level. Merlin Chain will submit ZK-Rollup data to B² Hub, utilizing its Data Availability Sampling (DAS) nodes. B² Hub will then aggregate and verify data availability and state transition proofs, submitting commitments to Bitcoin for final settlement.
Another significant aspect of the partnership involves bridging liquidity with mBTC and solvBTC. mBTC, used in the Merlin staking program, and solvBTC, a yield-bearing Bitcoin derivative, will be bridged to the B² Network. This bridging will enable both ecosystems to share liquidity, fostering a more interconnected Bitcoin Layer 2 environment. Future collaborations will focus on deeper integrations of mBTC and solvBTC within the B² economic ecosystem, enhancing their utility and benefits for holders.
Tags: BTC