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Merlin Chain, a pioneering Bitcoin Layer 2 answer, is thrilled to announce a profitable new spherical of funding co-led by the Spartan Group and Hailstone Labs with important contributions from Amber Group, Presto Labs, and IOBC Ventures. This strategic partnership marks an necessary milestone in Merlin Chain’s journey, positioning it on the forefront of the Bitcoin ecosystem’s evolution.
Since its final funding spherical, Merlin Chain has efficiently launched its mainnet, which has quickly gained traction inside the business. The platform has already facilitated over 9 million transactions and hosts greater than 70 reside tasks with a Whole Worth Locked (TVL) exceeding $4 billion.
The addition of esteemed backers like Spartan Group will empower Merlin Chain to delve deeper into the institutional administration scene, leveraging the brand new BTC staking narrative. This modern method presents an enhanced yield on Bitcoin, affirming its standing as a pivotal “storage of worth.”
“We’re believers that the fast growth within the BTC ecosystem, together with efforts to introduce sensible contract capabilities to BTC, will unlock billions of worth on-chain,” mentioned Kelvin Koh, Co-Founder and Managing Accomplice of Spartan Group. Koh expressed his assist for Merlin Chain, noting, “We’re proud to again the Merlin workforce led by Jeff as they honestly perceive this imaginative and prescient and the mindset of the BTC neighborhood – prioritizing honest launches and distribution and grassroots-led progress of all the ecosystem!”
Strengthening Foundations with International Backers and Safeguards
Merlin Chain’s founder Jeff, a seasoned entrepreneur in Web2, has secured funding from top-tier establishments equivalent to Sequoia Capital, IDG Capital, BAI Capital (Bertelsmann), 5Y Capital, and Vitalbridge Capital. With over 20 funding establishments on board, led by OKX Enterprise, ABCED, Forsight Ventures, and ArkStream Capital, alongside main mining swimming pools like viaBTC, the platform is well-equipped for each safety and technological development. This assist underlines the energy of Chinese language entrepreneurs and buyers within the Bitcoin ecosystem.
With a TVL of $4 billion, safety is Merlin Chain’s paramount concern. To this finish, Merlin Chain has established the Merlin Safety Council, which incorporates well-known entities equivalent to Slowmist, BlockSec, Salus, Secure3, ScaleBit and Revoke.Money. With a concentrate on analysis, schooling and technological growth, the council is a pivotal factor in its technique to draw white-hat hackers and modern DApps, making certain the continued security and progress of the Merlin ecosystem.
Revolutionizing Blockchain with Superior Tech
Merlin Chain is setting new requirements within the blockchain area with its modern structure that enhances safety, scalability, and transparency. On the core of Merlin’s system is a multi-tiered construction supported by a decentralized oracle community. This community is essential for integrating exterior knowledge with the blockchain, making certain that energy is distributed pretty and dangers are managed successfully, thereby stabilizing the ecosystem.
Central to Merlin’s technological developments are the strategically positioned sequence nodes inside the oracle community. These nodes are very important for sustaining the integrity of the blockchain’s ledger and facilitating the consensus course of. They play a key function in organizing and processing transactions effectively.
Merlin Chain makes use of zero-knowledge (ZK) proofs, a type of cryptographic safety that enables transaction verification with out revealing any underlying knowledge. This methodology, mixed with Bitcoin’s Taproot improve, considerably enhances privateness and effectivity. Taproot simplifies advanced transactions on the Bitcoin community by merging a number of signatures right into a single transaction, decreasing the info wanted and making certain transactions are extra non-public.
Merlin Chain’s success isn’t just a product of strategic advertising and marketing however is deeply rooted in its cutting-edge know-how and the strong assist from its neighborhood. This assist is evidenced by its fast progress and the belief positioned in us by top-tier buyers and the broader neighborhood.
In an period the place Bitcoin Layer 2 options have gotten more and more essential, Merlin Chain stands out as a sturdy competitor, even in opposition to established entities like ETH Layer 2 options. Merlin’s method has been basically community-driven, specializing in property that garner early recognition and foster neighborhood cohesion. Noteworthy examples embody its BRC-420 property just like the Blue Field, which have considerably contributed to its ecosystem’s progress.
Merlin Chain can also be actively increasing its DApp ecosystem by partnering with established Ethereum Digital Machine (EVM) groups in key sectors equivalent to gaming, DeFi, and social platforms. Their collaborations with high-profile tasks and platforms are setting new requirements for interoperability and innovation within the blockchain house.
With its newest funding spherical, Merlin Chain is poised for unprecedented progress. The protocol is dedicated to main the cost within the Bitcoin ecosystem, driving innovation and delivering worth to its customers and stakeholders.
Merlin Chain invitations the neighborhood and events to hitch on this thrilling journey because it continues to develop and increase its capabilities, paving the best way for a extra interconnected and environment friendly blockchain ecosystem.
About Merlin Chain
Merlin Chain is a number one Bitcoin Layer 2 answer that facilitates quick, scalable, and safe transactions inside the Bitcoin ecosystem. It’s designed to reinforce Bitcoin’s usability whereas sustaining the very best safety requirements. By leveraging modern applied sciences and strategic partnerships, Merlin Chain goals to increase Bitcoin’s utility and foster the event of a complete decentralized software ecosystem.
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