With the integration of Nubit DA, users can now explore data access through our new Alpha Devnet.

Bitcoin Layer 2 solution Merlin Chain The launch on the Alpha Devnet, which is part of our development test network, has officially been announced. Nubit This integration supports data availability, allowing users to tap into necessary information through our testing environment.

Nubit serves as a Bitcoin-native layer for data availability that champions trust minimization. It enhances Bitcoin’s data capacity, making it possible to support various applications, including Ordinals, Layer 2 solutions, and price oracles. This innovation is pivotal in advancing the efficiency and overall ecosystem of Bitcoin.

DA This functionality represents the ability to verify all transaction data across a decentralized network, ensuring that all transactions in a block remain accessible to every network participant.

In March, a collaborative effort between Nubit and Merlin Chain was announced, aimed at merging the strengths of both platforms. This partnership is designed to leverage Bitcoin’s potential alongside Merlin Chain’s capabilities using Nubit’s data availability infrastructure.

Stay updated with the distribution of cryptocurrencies within our platform. Airdrops Calendar .

What Is Merlin Chain?  

Merlin Chain is in the process of developing its very own Bitcoin Layer 2 platform, which will facilitate secure, scalable, and efficient transactions tailored for the Bitcoin ecosystem. Current metrics from DeFiLlama indicate that the platform has a total value locked (TVL) reaching approximately $1.2 billion.

In April, the initiative wrapped up a successful financing round. securing funding The financing participants include Spartan Group, Hailstone Labs, Amber Group, Presto Labs, IOBC Ventures, among other contributors. Furthermore, Merlin Chain executed an airdrop of tokens and started listing on significant cryptocurrency exchanges to boost its visibility and accessibility in the market. token MERL Recently, Merlin Chain has facilitated the deployment of the Bitcoin-native stablecoin initiative, bitSmiley, on its mainnet. This rollout was synchronized with the launch of the Liquidity Grant program, aimed at rewarding community members with 3,150,000 BIT tokens to amplify liquidity.

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