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What is Merlin Chain (MERL)?

Merlin Chain basic info

Name:Merlin Chain

Ticker:

MERLBuy now

Introduction:

What is Merlin Chain (MERL)?

Merlin Chain (MERL) is a Layer-2 for Bitcoin that offers a suite of features aimed at improving scalability, interoperability, and efficiency. Merlin Chain leverages zero-knowledge proofs (ZKPs) to enable faster and more cost-effective transactions while maintaining the security, integrity, and decentralization of the Bitcoin network.

How Merlin Chain (MERL) Works

Merlin Chain’s Architecture

At the heart of Merlin Chain's architecture is its integration of various components, including ZK-Rollup, decentralized oracles, data availability, and on-chain fraud proof modules. Let's break down how these components work together to power Merlin Chain:

● ZK-Rollup for Scalability: ZK-Rollup is a technology that allows multiple transactions to be batched together and processed off-chain, significantly reducing congestion on the Bitcoin blockchain. By leveraging ZK-Rollup, Merlin Chain can achieve higher throughput and lower transaction fees compared to traditional on-chain transactions.

● Decentralized Oracles for Data Availability: In Merlin Chain's Layer 2 architecture, decentralized oracle nodes play a crucial role in compiling transaction data and uploading it to the Bitcoin mainnet. This ensures that transaction data is publicly accessible and verifiable by anyone on the network, enhancing transparency and trust.

● On-Chain Fraud Proof Modules for Security: To prevent fraudulent activities on the network, Merlin Chain incorporates on-chain fraud proof modules that allow users to challenge and verify transactions using Bitcoin's robust consensus mechanism. This ensures that only valid transactions are processed, maintaining the integrity of the network.

● EVM Compatibility for Interoperability: Merlin Chain is compatible with the EVM, allowing developers to deploy smart contracts and build dApps with ease. This interoperability enables seamless integration with existing Ethereum-based projects and tools, further expanding Merlin Chain's ecosystem.

Advantages of Merlin Chain

Merlin Chain offers several key advantages over traditional Layer-1 solutions:

● Security: By leveraging Bitcoin's robust security features, Merlin Chain ensures a high level of security for transactions and data.

● Scalability: Through ZK-Rollup technology, Merlin Chain can process a large number of transactions off-chain, improving scalability and reducing congestion on the Bitcoin blockchain.

● Interoperability: With EVM compatibility, Merlin Chain can seamlessly interact with existing Ethereum-based projects, fostering greater collaboration and innovation within the crypto community.

● Cost-Efficiency: By optimizing transaction costs through ZKPs and zkSNARKs, Merlin Chain offers users a cost-effective solution for conducting transactions on the Bitcoin network.

MERL Goes Live on Bitget

As Merlin Chain continues to evolve and grow, it holds the potential to unlock new possibilities for Bitcoin and the wider crypto ecosystem. With its focus on scalability, security, and interoperability, Merlin Chain is poised to play a significant role in shaping the future of DeFi, NFTs, and other emerging use cases in the crypto space.

Take the opportunity to trade Merlin on Bitget and become the pioneer of a new Bitcoin-powered future.

How to Trade MERL on Bitget

Listing time: April 19, 2024

Step 1: Go to MERLUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell

For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading.

Trade MERL on Bitget now!

MERL on Bitget Pre-Market

MERL is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it!

To use Bitget Pre-Market, follow these simple steps:

● Step 1: Go to the Bitget Pre-Market page.

● Step 2:

○ For Makers:

■ Choose the desired token and click on ‘Post Order’.

■ Specify Buy or Sell, enter price and quantity, review details, then confirm.

○ For Takers:

■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm.

■ Note: Partial completion is not allowed.

For more specific information on how to get MERL tokens on Bitget Pre-Market, check out the announcement here.

Get MERL on Bitget Pre-Market now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Current price:

$0.4188More price details

All-time high:$1.55

All-time low:$0.1688

MERL supply and tokenomics

Circulating supply:525,000,000 MERL

Total supply:2,100,000,000 MERL

Max supply:0 MERL

Market cap:$219.89M

Fully diluted market cap:$879.55M

Links

Website:https://merlinchain.io/

Whitepaper:https://docs.merlinchain.io/merlin-docs

X:https://twitter.com/MerlinLayer2

GitHub:https://github.com/MerlinLayer2

Buy Merlin Chain for $1Buy MERL now

What is the development prospect and future value of MERL?

The market value of MERL currently stands at $219.89M, and its market ranking is #305. The value of MERL is not widely recognized by the market. When the bull market comes, the market value of MERL may have great growth potential.

As a new type of currency with innovative technology and unique use cases, MERL has broad market potential and significant room for development. The distinctiveness and appeal of MERL may attract the interest of specific groups, thereby driving up its market value.

What will the price of MERL be in 2025?

Based on MERL's historical price performance prediction model, the price of MERL is projected to reach $0.4483 in 2025.

What will the price of MERL be in 2030?

In 2030, the MERL price is expected to change by +1.00%. By the end of 2030, the MERL price is projected to reach $0.5743, with a cumulative ROI of +46.59%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of MERL and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

MERL price MERL price prediction MERL news

Is MERL worth investing or holding? How to buy MERL from a crypto exchange?

If you want to buy MERL, the following information may be helpful for your investment decisions:

In the last seven days, the price of MERL has risen by 18.05%, leading to positive returns for most MERL investors. The market is currently optimistic about the price trend of MERL.

It is important to note that the current price of MERL has retreated by -72.93% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether MERL is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in MERL or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of MERL, if you want to buy or sell MERL, you can consider Bitget for your trading needs. The best place to buy MERL is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Merlin Chain has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Merlin Chain. Here's a step-by-step guide on how to buy Merlin Chain on Bitget.

Buy MERL now Coin buying guide

How to get Merlin Chain through other methods？

Using cash to buy Merlin Chain is not the only way to obtain Merlin Chain. If you have the time to spare, you can get Merlin Chain for free.

Learn how to earn Merlin Chain for free through the Learn2Earn promotion.

Earn free Merlin Chain by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Merlin Chain airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Merlin Chain through Bitget Convert, Bitget Swap, or spot trading.

What is Merlin Chain used for and how to use Merlin Chain?

The use case of Merlin Chain may expand as the crypto market and the project itself develop. Currently, you can use MERL to achieve the following goals:

Arbitrage by trading MERL: Since MERL is a frequently traded cryptocurrency, the price of MERL is always fluctuating. Earn more MERL by buying low and selling high on the exchange. Bitget spot market provides a variety of MERL trading pairs to fully meet your needs.

Earn by staking MERL: You can also generate income through financial management methods such as staking MERL or lending MERL. Bitget Earn offers a variety of financial products designed to help you earn more income from your MERL.

Send or pay MERL: If you want to give MERL to your friends, a charity, or a fundraiser, or you want to pay someone with MERL, you can quickly and easily send MERL to the recipient through their payment address.

You can also go to the official website of the Merlin Chain project to learn more about the use cases of MERL. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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