Let’s talk about the recently popular L2
Merlin Chain is a Bitcoin L2 that integrates ZK-rollup network, decentralized oracle and on-chain BTC fraud prevention module. It is committed to providing support for Bitcoin native assets, protocols and products on L1 through its L2 network, allowing Bitcoin to Coins are interesting again.
On February 5, 2024, according to official news, Merlin Chain, the second-layer solution for Bitcoin, stated that it will be launched on the mainnet this week. After going online, Merlin Chain plans to launch a series of staking activities and distribute them through a "fair launch" Governance token designed to reward real users and builders.
In addition to Merlin Chain, the Bitcoin L2 project also has BEVM. BEVM is a BTC L2 built based on Taproot with BTC as Gas and compatible with EVM. It uses the BFT consensus network composed of BTC's native Schnorr signature, Mast contract, and 1000 Bitcoin light nodes to build a completely decentralized BTC L2.
As the broader cryptocurrency community recognizes the importance of Layer 2 solutions in shaping the future of Bitcoin, it also means that the entire Bitcoin L2 track will usher in new development opportunities, and the entire Build cycle will also be very long, and it is now It’s time for early layout.
In particular, the most imaginative L2 solutions and a series of derivative application scenarios, such as Ethereum Layer 2 solutions such as Arbitrum and Optimism in 2021, are destined to eventually produce a number of billion-dollar Bitcoin L2 leading projects. .
Therefore, Bitcoin L2, as a new problem-solving idea, naturally has new enough imagination space. It is still in the early stage of the blue ocean and is in the dividend period of wealth cryptography waiting to be mined. It deserves long-term attention.
Therefore, ETF approval is the biggest catalyst for the cryptocurrency market right now, promising huge upside potential and limited downside. Although there is some liquidity risk, if investor appetite increases significantly, ETFs could improve market conditions across the board.
Dragon. Inscription ushered in a correction with the arrival of the Spring Festival. We are still optimistic about the narrative of the Inscription market. Perhaps with the next wave of sideways trading in Bitcoin, the Inscription market will be full of opportunities again!
Continue to be optimistic about Dragon. Inscription
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