B² Network and Merlin Chain, two prominent Bitcoin Layer 2 solutions, have joined forces in a strategic partnership to enhance the security and liquidity of the ecosystem. This collaboration will play a crucial role in ensuring the long-term success of BTC Layer 2s, which are integral to the ongoing bull market cycle.
We are thrilled to announce our partnership with @bsquarednetwork, which brings together Bitcoin builders 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 utility 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, improves transaction efficiency and security. Meanwhile, the B² Hub serves as the first Bitcoin Data Availability (DA) layer, achieving finality on the Bitcoin network and ensuring the integrity and accessibility of data.
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 realized through these advanced technological integrations.
Both B² Network and Merlin Chain have shared the vision of scaling Bitcoin while harnessing its native potential since the emergence of BTC Layer 2 solutions. 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 B² Hub integration. Merlin Chain will integrate B² Network’s DA Layer, bolstering BTC Layer 2 security through the B² Hub. This integration will ensure data availability and maintain Bitcoin’s security level. Merlin Chain will submit ZK-Rollup data to the B² Hub, utilizing its Data Availability Sampling (DAS) nodes. The 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
