B² Network and Merlin Chain, two leading Bitcoin Layer 2 solutions, have entered into a strategic partnership to strengthen the security and liquidity of the ecosystem. This partnership will play a crucial role in ensuring the long-term success of BTC Layer 2s, a crucial part of the ongoing bull market cycle.
Excited to announce our partnership with @bsquarednetwork, which unites Bitcoin builders in improving and thriving the Bitcoin ecosystem. As Bitcoin Layer2 pioneers, Merlin Chain and B² Network share a deep commitment to expanding Bitcoin’s utility while maintaining… https://t.co/uCLSLEFDUc pic.twitter.com/3LfvcsmaCe
— Merlin Chain (@MerlinLayer2) May 16, 2024
B² Network introduces innovative solutions with its B² Rollup and B² Hub. The B² Rollup is the first Bitcoin rollup based on verification requirements, improving transaction efficiency and security. Meanwhile, B² Hub acts as the first Bitcoin Data Availability (DA) layer, achieving finality on the Bitcoin network and ensuring data integrity and accessibility.
Merlin Chain integrates the ZK-Rollup network, the Oracle decentralized network and on-chain BTC tamper-resistant modules. Its mission is to amplify Bitcoin’s native assets and protocols through the Layer 2 network, improving usability and functionality. Merlin Chain’s commitment to “Making Bitcoin Fun Again” is realized through these cutting-edge technology integrations.
Shared vision and common objectives
Since the emergence of BTC Layer 2 solutions, B² Network and Merlin Chain have shared the vision to scale Bitcoin while unlocking its native potential. Their extensive development efforts have resulted in high-quality solutions that provide seamless chain operations and superior liquidity.
A key area of collaboration focuses on improving security through B² Hub integration. Merlin Chain will integrate B² Network’s DA Layer, enhancing BTC Layer 2 security through B² Hub. This integration ensures data availability and maintains Bitcoin’s level of security. Merlin Chain will submit ZK-Rollup data to B² Hub, using the Data Availability Sampling (DAS) nodes. B² Hub will then aggregate and verify data availability and state transition receipts, and submit commitments to Bitcoin for final settlement.
Another important aspect of the partnership concerns the liquidity bridge with mBTC and solvBTC. mBTC, used in the Merlin staking program, and solvBTC, a yield-bearing Bitcoin derivative, will be bridged to the B² network. This bridging allows both ecosystems to share liquidity, promoting a more interconnected Bitcoin Layer 2 environment. Future collaborations will focus on deeper integrations of mBTC and solvBTC within the B² economic ecosystem, increasing their utility and benefits to holders.