🌟 Unlocking Bitcoin's Potential with Merlin Chain (MERL) 🌟
🚀 Let's dive into key features and potential of #MERL in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Merlin Chain, a native Bitcoin Layer2 network, empowers Bitcoin's assets, protocols, and products on Layer1 through its Layer2 network. The $MERL token plays a pivotal role in governance and ecosystem development.
2️⃣ Technology and Features: Integrating ZK-Rollup, decentralized oracle networks, and on-chain BTC fraud proof mechanisms, Merlin Chain ensures low fees, high scalability, and swift transaction processing. It enhances Bitcoin's functionality into Layer 2, supporting various Bitcoin Layer 1 assets.
3️⃣ Whitepaper Analysis: Merlin Chain is a Bitcoin Layer 2 that integrates the ZK-Rollup network, decentralized oracle network, Data Availability, and on-chain BTC fraud proof modules. Merlin Chain is committed to empowering Bitcoin's native assets, protocols, and products on Layer1 through its Layer 2 network, to Make Bitcoin Fun Again.
4️⃣ Use Case: $MERL token fuels Merlin Chain's ecosystem, offering governance, staking, network fees, and native liquidity. It supports dApp development while maintaining Bitcoin's decentralization ethos.
5️⃣ Team and Leadership: Bitmap Tech, the team behind Merlin Chain, boasts extensive experience and a market cap exceeding $500 million, driving rapid growth and expansion.
6️⃣ Partnerships: Backed by 24 investors including OKX Ventures and Foresight Ventures, Merlin Chain secures vital funding for its growth and expansion.
7️⃣ Security and Audits: Leveraging zero-knowledge proofs and Bitcoin's consensus mechanism, Merlin Chain ensures network security. Fraud proofs and commitments verification add robustness to the system.
8️⃣ Tokenomics: With a total supply of 2.1 Billion and circulating supply of 226.50 million $MERL tokens.
9️⃣ Exchanges: $MERL tokens are available on major exchanges like OKX, Bybit, and KuCoin, Gate.io and many more providing liquidity and accessibility to users.
🔟 Recent Developments: Merlin Chain's native token, $MERL, recently listed on multiple exchanges, marking a significant milestone. Deposits, trading, and withdrawals commenced in April 2024, driving further adoption and liquidity.
1️⃣1️⃣ Conclusion: Merlin Chain pioneers scalability solutions for the Bitcoin ecosystem, fostering innovation and development. With its robust technology and strategic partnerships, Merlin Chain paves the way for a stronger future for Bitcoin.
If You find this thread useful Repost it & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#CryptoSimbhaGems🦁🚀 #bitcoin #Layer2 #BTC🔥🔥🔥🔥🔥 #Merlin $BTC $STX $ORDI

The Bitcoin #HalvingCylces is scheduled to occur in the next few days.

⇒ However, this fourth halving may differ from the previous ones, as it could have a more profound and nuanced effect, not just on the price but also on other aspects.

⇒ $BTC might have a more bullish outcome than you anticipate

 -- Bitcoin Halving

⇒ Bitcoin halving is a process where miners' rewards for validating transactions are cut in half.

⇒ It happens every four years after 210,000 blocks.

⇒ This is part of Bitcoin's monetary policy to gradually reduce the rate of new Bitcoin issuance and control inflation.

⇒ The most recent halving was in 2020, reducing the block reward to 6.25 bitcoins.

⇒ The upcoming halving, which will happen in the next few days, will reduce the reward to 3.125 bitcoins.

— Hashrate and Miners

⇒ After halving, historically the hashrate expected to drops as less profitable miners leave, but later improves when more efficient miners join.

⇒ However, it is predicted that the hashrate should stay steady after fourth halving, with a small decline and fast recovery.

⇒ Miners will experiment with underclocking and diversification to increase profits.

⇒ Miners may require improved equipment or expand operations globally to lower costs.

—

 BitcoinFi

⇒ The approval of US Bitcoin ETFs has changed the paradigm for Bitcoin:
Attracted new capital Reduced selling pressure from minersMade it easier for institutions to include Bitcoin in their portfolios
The increased demand will drive up the long-term value of Bitcoin.

⇒ Compared to 2020, we are seeing a notable rise in the development of projects, which in turn creates a higher demand for Bitcoin and tapping the dormant liquidity.

⇒ Below are the highlights of some projects:

[ Layer-2 ]

> Lightning Network
> BTC Layer2
> BVM Network
> BSquared Network
> #Merlin Layer2
> Runic Layer2
> ZULU Network
> Elastos
> Stacks
> Dark Fusion Tech
> Satoshivm $SAVM
> Liquid_ BTC
> Tuna Chain
> Build on Bob
> Map Protocol
> Rootstock
> Nint Layer
> Botanix Labs
> Bitfinity Net
> BitVM
> U Protocol
> Bool
> Naka Chain
> Dovi_L2
> RolluxL2
> citrea_xyz
> BitlayerLabs

[ NFT ]
> Runestone
> Ordinals/ BRC-20 $1000SATS
> SRC-20/ Stamps
> Bitmap
> etc.

.......................................

— Future Proof?

⇒ Bitcoin is often considered afuture-proof due to its decentralized nature and ability to operate independently of traditional financial systems.

⇒ Some experts argue that Bitcoin can alter the balance of power globally, potentially impacting state sovereignty and national power dynamic

⇒ However, certain situations can also affect the demand for Bitcoin.

⇒ Factors such as urgent geopolitical situations, unfavorable crypto regulations, bans, and other black swan events should be taken into consideration.

⇒ Bitcoin is not quantum-proof, but it can be made quantum-resistant. The Bitcoin blockchain uses a vulnerable hash algorithm called SHA-256.

⇒ However, Bitcoin can be updated to be quantum-resistant by using new cryptographic schemes like Lamport signatures or quantum-resistant hash algorithms.

#bitcoinhalving