Overview of Merlin Chain
The Merlin Chain is a Layer 2 solution built on the Bitcoin network, designed to enhance scalability, efficiency, and functionality for Bitcoin transactions. Launched in January 2024, it aims to address the limitations of the Bitcoin Layer 1 blockchain, such as high transaction fees and slow processing times. The chain integrates advanced technologies like ZK-Rollups and decentralized oracles to improve transaction throughput and reduce costs.
Key Features of Merlin Chain
- ZK-Rollup Network: This feature allows multiple transactions to be bundled together using zero-knowledge proofs (ZKPs), which compresses data size while maintaining security. This significantly reduces the load on the main Bitcoin blockchain.
- Decentralized Oracle Network: This component fetches real-world data for smart contracts, ensuring that off-chain data used in transactions is reliable and secure.
- Data Availability: Mechanisms are in place to ensure that transaction data is accessible across the network, allowing validators to verify transactions efficiently.
- On-chain BTC Fraud Proof Modules: These modules help protect against fraudulent activities by allowing disputes to be resolved using Bitcoin’s consensus mechanism.
MERL Token
The MERL token serves multiple purposes within the Merlin ecosystem:
- Governance: Holders can vote on significant proposals affecting the chain.
- Staking: Users can stake their tokens to enhance network security.
- Transaction Fees: MERL tokens are used to pay for transaction fees within the network.
- Native Liquidity & Collateral: They facilitate smooth transactions and support lending mechanisms.
| Coin Website: merlinchain.io | |
| Total Supply of Tokens: 2,100,000,000 MERL | |
| Protocol: Merlin |
Long Term Price Prediction Table
Presented below is a long term price prediction table that was made using available market and coin information to predict possible future peaks and low points in this assets price. Bullcoins.info offers informational price predictions and not financial investment advice.
| Year | Est. Min. Price | Est. Max. Price |
| 2024 | 0.34$ | 0.72$ |
| 2025 | 0.70$ | 2.96$ |
| 2026 | 2.66$ | 5.57$ |
| 2027 | 5.81$ | 12.06$ |
| 2028 | 8.07$ | 17.75$ |
| 2029 | 11.68$ | 25.86$ |
| 2030 | 12.94$ | 29.81$ |
| 2040 | 66.74$ | 95.30$ |
| 2050 | 179.40$ | 276.90$ |
Top Volume Exchanges
Trading Score: Fair
The Bullcoins Trading Score is based on overall Coin Exchange Performance and Trader Sentiment. This Rating doesn’t signal live market conditions.
| Exchange | Leverages | Trade |
|---|---|---|
 | 125X | Trade on Binance |
 | 200X | Trade on ByBit |
 | 125X | Trade on BitGet |
 | 100X | Trade on Gate |
 | 125X | Trade on OKX |
 | 200X | Trade on MEXC |
In summary, Merlin Chain represents an innovative approach to enhancing Bitcoin’s capabilities through its Layer 2 solutions while providing various functionalities through its native MERL token.
Frequently Asked Questions:
You can purchase this coin on one of the many exchanges that have it available for trading. If you don’t have an account on any exchange, choose one from the exchanges list on this page.
If you don’t want to keep it in your exchange account’s balance, a wide range of wallets support the MERLIN Protocol, some storage options include: MetaMask, Trust Wallet, Coinbase wallet.
What is a Trading Score?
The Bullcoins Trading Score is based on overall Coin Exchange Performance and Trader Sentiment. This Rating doesn’t signal live market conditions. The order of these scores is: Low, Average, Fair, Good and Excellent