Merlin Chain (MERL)
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About MERL
Merlin Chain (MERL) is the native token of the Merlin Chain, a Bitcoin Layer 2 solution designed to bring scalability, DeFi functionality, and smart contract support to the Bitcoin ecosystem. Developed with a modular architecture, Merlin Chain combines zk-rollup technology, decentralized oracle services, and off-chain data availability to unlock new use cases for Bitcoin while maintaining Bitcoin’s core security principles. Merlin Chain enables fast, low-cost transactions and the deployment of decentralized applications (dApps) while anchoring its security back to Bitcoin’s mainnet. It supports native Bitcoin assets and introduces cross-chain bridges, staking modules, and an EVM-compatible environment to facilitate broader interoperability. The MERL token powers the entire Merlin Chain ecosystem. It is used for paying transaction fees, staking, governance voting, and incentivizing validators and liquidity providers. Through the staking system, users can participate in network security while earning MERL rewards. The ecosystem is structured around multiple layers, including the zkVerifier for proof aggregation, Rollup nodes for transaction bundling, Decentralized Oracles for price and data feeds, and DA (Data Availability) nodes for storage optimization. Merlin Chain positions itself as a key enabler of the Bitcoin DeFi renaissance, making Bitcoin assets programmable without compromising decentralization.
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Frequently Asked Questions about Merlin Chain
What is Merlin Chain?
Merlin Chain is a Bitcoin Layer 2 protocol that brings zk-rollup scalability, smart contract functionality, and DeFi ecosystems to Bitcoin while leveraging Bitcoin’s mainnet security.
Where can I buy MERL tokens?
MERL tokens can be purchased on supported exchanges such as Bybit, OKX, HTX, Gate.io, and BitMart. Decentralized options include DEXs like MerlinSwap (Merlin), Uniswap (Ethereum), and PancakeSwap (BSC).
Where can I store MERL tokens?
Native MERL tokens can be stored in wallets compatible with custom EVM chains, such as MetaMask configured to the Merlin network. Ethereum and BSC token versions can be stored in wallets like Bitcoin.com Wallet, MetaMask, or Trust Wallet.
What is the MERL token used for?
MERL is used for paying gas fees, staking to secure the network, governance voting, and rewarding validators, liquidity providers, and ecosystem participants.
What technology does Merlin Chain use?
Merlin Chain uses zk-rollup technology, decentralized oracle networks, and off-chain data availability modules to create a scalable, secure Layer 2 for Bitcoin.
Is Merlin Chain EVM-compatible?
Yes. Merlin Chain supports an EVM-compatible environment, allowing developers to deploy Ethereum-standard smart contracts adapted for Bitcoin assets.
Can I stake on Merlin Chain?
Yes. Users can stake MERL tokens through the official staking portal to earn rewards and support the network’s decentralization and security.
How does Merlin Chain secure user transactions?
Transactions on Merlin Chain are batched and verified using zk-proofs, with final settlement and data availability anchored to the Bitcoin mainnet for ultimate security.
What is zkVerifier in Merlin Chain?
zkVerifier is the module responsible for aggregating zero-knowledge proofs and verifying transaction integrity between the Layer 2 and Bitcoin mainnet.