B² Network and Merlin Chain, two prominent Bitcoin Layer 2 solutions, have joined forces in a strategic partnership aimed at enhancing the security and liquidity of the ecosystem. This collaboration is crucial for the sustained success of BTC Layer 2s in the current bull market cycle.
Exciting news as we announce our partnership with @bsquarednetwork, bringing together Bitcoin innovators to enrich and strengthen the Bitcoin ecosystem. As pioneers in the Bitcoin Layer 2 realm, Merlin Chain and B² Network share a strong dedication to expanding the utility of Bitcoin while preserving its integrity.
B² Network introduces cutting-edge solutions with its B² Rollup and B² Hub. The B² Rollup, the first Bitcoin rollup based on verification commitment, improves transaction efficiency and security. On the other hand, B² Hub acts as the first Bitcoin Data Availability (DA) layer, ensuring finality on the Bitcoin network and maintaining data integrity and accessibility.
Merlin Chain incorporates the ZK-Rollup network, a decentralized Oracle network, and on-chain BTC fraud-proof modules. Its mission is to empower Bitcoin’s native assets and protocols through its Layer 2 network, enhancing usability and functionality. Merlin Chain’s dedication to “Make Bitcoin Fun Again” is exemplified through these advanced technological integrations.
With a shared vision and collaborative goals, B² Network and Merlin Chain have been working towards scaling Bitcoin while maximizing its inherent potential through BTC Layer 2 solutions. Their joint efforts have led to high-performance solutions that offer seamless on-chain operations and increased liquidity.
One key area of collaboration is focused on enhancing security through the integration of B² Hub. Merlin Chain will incorporate B² Network’s DA Layer to enhance BTC Layer 2 security through B² Hub, ensuring data availability and upholding Bitcoin’s security standards. ZK-Rollup data will be submitted to B² Hub by Merlin Chain, utilizing its Data Availability Sampling (DAS) nodes. B² Hub will then validate and confirm data availability and state transition proofs, submitting commitments to Bitcoin for final settlement.
Additionally, the partnership will involve bridging liquidity with mBTC and solvBTC. mBTC, utilized in the Merlin staking program, and solvBTC, a yield-bearing Bitcoin derivative, will be bridged to the B² Network, enabling both ecosystems to share liquidity and create a more interconnected Bitcoin Layer 2 environment. Future collaborations will focus on deeper integrations of mBTC and solvBTC within the B² economic ecosystem, enhancing their utility and advantages for holders.