Back to the list

B² Network and Merlin Chain Forge Strategic Partnership to Enhance Bitcoin Ecosystem Security and Liquidity

source-logo  blockchainreporter.net 16 May 2024 16:45, UTC

B² Network and Merlin Chain, two leading Bitcoin Layer 2 solutions, have entered into a strategic partnership to bolster the security and liquidity of the ecosystem. This collaboration is set to play a pivotal role in ensuring the long-term success of BTC Layer 2s, a critical component of the ongoing bull market cycle.

Excited to announce our partnership with @bsquarednetwork, which unites Bitcoin builders in enhancing and prospering the Bitcoin ecosystem. As pioneers in the Bitcoin Layer2 space, Merlin Chain and B² Network share a deep commitment to expanding Bitcoin's utility while preserving… 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 commitment, enhancing transaction efficiency and security. Meanwhile, B² Hub serves 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, decentralised 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 commitment to “Make Bitcoin Fun Again” is realised through these advanced technological integrations.

Shared Vision and Collaborative Goals

Since the emergence of BTC Layer 2 solutions, B² Network and Merlin Chain have shared the vision of scaling Bitcoin while leveraging its native potential. Their extensive development efforts have resulted in high-performance solutions offering seamless on-chain operations and superior liquidity.

One key area of collaboration focuses on enhancing security via B² Hub integration. Merlin Chain will integrate B² Network’s DA Layer, boosting BTC Layer 2 security through B² Hub. This integration will ensure data availability and maintain Bitcoin’s security level. Merlin Chain will submit ZK-Rollup data to B² Hub, utilising its Data Availability Sampling (DAS) nodes. B² Hub will then aggregate and verify data availability and state transition proofs, submitting commitments to Bitcoin for final settlement.

Another significant aspect of the partnership involves liquidity bridging 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 will allow both ecosystems to share liquidity, fostering 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 benefits for holders.