SINGAPORE, April 17, 2024 (Globe Newswire) — marlin chainis a pioneering Bitcoin Layer 2 solution. spartan group and Hailstone Institute With significant contributions from amber group, prestraboand IOBC Ventures. This strategic partnership marks an important milestone in Marlin Chain’s journey, placing it at the forefront of the evolution of the Bitcoin ecosystem.
Since the last funding round, Merlin Chain has successfully launched its mainnet and is rapidly gaining attention within the industry. The platform has already facilitated over 9 million transactions, hosts over 70 live projects, and has a total value locked (TVL) of over $4 billion.
The addition of a respected backer like Spartan Group will enable Merlin Chain to leverage new BTC staking narratives and delve deeper into the institutional management scene. This innovative approach increases Bitcoin’s yield and solidifies its status as an important store of value.
“We believe the rapid development of the BTC ecosystem, including efforts to bring smart contract capabilities to BTC, will unlock billions in value on-chain,” Co-Founder of Spartan Group said Kelvin Koh, Managing Partner. Coe expressed his support for the Marlin chain, saying, “Merlin, led by Jeff, truly understands this vision and the mindset of the BTC community to prioritize fair launch and distribution, and grassroots-driven growth across the ecosystem. I’m proud to be able to support the team.” ! ”
Strengthening our foundation with global supporters and safeguards
Jeff, founder of Merlin Chain, is an experienced Web2 entrepreneur who has secured funding from top institutions including: Sequoia Capital, IDG Capital, BAI Capital (Bertelsmann), 5 years capitaland vitabridge capital. More than 20 investment institutions are participating. OKX Venture, ABCED, Foresight Venturesand Arcstream Capital, alongside major mining pools like viaBTC, this platform is well-equipped with both security and technological advancements. This support highlights the strength of Chinese entrepreneurs and investors in the Bitcoin ecosystem.
Security is a top concern for Merlin Chain, which has a TVL of $4 billion. To achieve this objective, the Merlin Chain has established the Merlin Security Council. The council includes well-known organizations such as: slow mist, block seconds, salus, secure 3, scale bit and Cache cancellation. Focused on research, education and technology development, the council is a crucial element in our strategy to attract white-hat hackers and innovative DApps, ensuring the continued safety and growth of the Merlin ecosystem .
Revolutionizing blockchain with advanced technology
Merlin Chain is setting a new standard in the blockchain domain with its innovative architecture that enhances security, scalability, and transparency. The core of Merlin’s system is a multi-layered structure supported by a decentralized oracle network. This network is important for integrating external data into the blockchain and ensuring that power is distributed fairly and risks are effectively managed, thereby stabilizing the ecosystem.
Central to Merlin’s technological advancements are sequence nodes strategically placed within the oracle network. These nodes are essential for maintaining the integrity of the blockchain ledger and facilitating the consensus process. They play an important role in efficiently organizing and processing transactions.
Merlin Chain utilizes zero-knowledge (ZK) proofs, a form of cryptographic security that allows transactions to be verified without revealing the underlying data. Combining this method with Bitcoin’s Taproot upgrade significantly improves privacy and efficiency. Taproot simplifies complex transactions on the Bitcoin network by merging multiple signatures into a single transaction, reducing the data required and ensuring transaction privacy.
Developing the Bitcoin L2 ecosystem through the community
Merlin Chain’s success is more than just a strategic marketing effort; it is deeply rooted in cutting-edge technology and strong community support. This support is evidenced by the company’s rapid growth and the trust it enjoys from leading investors and the broader community.
In an era where Bitcoin Layer 2 solutions are becoming increasingly important, Marlin Chain stands out as a strong competitor, even against established entities like ETH Layer 2 solutions. Merlin’s approach is fundamentally community-driven, focusing on assets that gain early recognition and foster community cohesion. Notable examples include BRC-420 assets such as Blue Box, which have contributed significantly to the growth of the ecosystem.
Merlin Chain is also aggressively expanding its DApp ecosystem by partnering with established Ethereum Virtual Machine (EVM) teams in key areas such as gaming, DeFi, and social platforms. Collaborations with high-profile projects and platforms are establishing new standards for interoperability and innovation in the blockchain space.
With the latest round of funding, Merlin Chain is poised for unprecedented growth. The protocol is committed to being at the forefront of the Bitcoin ecosystem, driving innovation and delivering value to its users and stakeholders.
Merlin Chain invites the community and stakeholders to join us on this exciting journey as we continue to develop and expand our capabilities and pave the way for a more interconnected and efficient blockchain ecosystem.
About Marlin Chain
marlin chain is the leading Bitcoin Layer 2 solution that facilitates fast, scalable, and secure transactions within the Bitcoin ecosystem. Designed to improve the ease of use of Bitcoin while maintaining the highest security standards. By leveraging innovative technology and strategic partnerships, Marlin Chain aims to expand the utility of Bitcoin and foster the development of a comprehensive decentralized application ecosystem.
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Disclaimer: The information provided in this press release is not intended as a solicitation to invest, nor is it intended as investment advice, financial advice or trading advice. Before investing in or trading in virtual currencies or securities, we strongly recommend that you exercise due diligence, including consulting with a professional financial advisor.
CONTACT: Joe Peng contact at merlinchain.com
