Bitcoin

Merlin Chain’s independent online line has been online for 30 days, TVL has reached an astonishing level, and Merlin ecological projects have announced important actions. Learn about the latest developments in projects such as MerlinSwap, Dragonverse Neo, UniCross, Surf Protocol, and bitSmileyDeFi, and their contributions to the Bitcoin second-layer network.

Monetary debasement refers to the process of reducing the value of a currency, which can be achieved either by decreasing the content of precious metals or by increasing the money supply. This may bring short-term economic benefits, but in the long run, it leads to inflation and financial crises. Bitcoin, as a decentralized digital currency with a capped supply of 21 million coins, protected by proof-of-work mining and a decentralized network of nodes, has an inherent scarcity that makes it resistant to inflationary pressures. Bitcoin users can ensure the supply never exceeds the predetermined limit by verifying the transaction ledger, having control over their own money without any restrictions on its use. During times of economic uncertainty, investors may turn to assets like Bitcoin to preserve value, and over time, Bitcoin might be considered the next evolution of currency.

Recently, besides the booming "shiba inu donations" in the SOL ecosystem, there's also a project in the BTC ecosystem generating huge buzz, leading to a revival of the entire BTC NFT sector. This is the community-acknowledged leader of the rune segment—Runestone.

This article introduces the prospective Bitcoin Layer2, BEVM. It is EVM-compatible, uses Bitcoin as a gas fee, and aims to promote the rapid development of the Bitcoin ecosystem.

The rise of Bitcoin Ordinals has injected new vitality into the Bitcoin ecosystem, reigniting interest in Bitcoin. This has also led to the emergence of many new Bitcoin Layer 2 projects. This article selects four of the most popular projects on the market: BEVM, Merlin, B² Network, and BounceBit, to interpret their highlights and advantages.

B^2 Network is a decentralized Data Availability (DA) and storage platform that addresses data compression and verification issues using an off-chain DA network. It aims to reduce dependence on the Bitcoin main network. The B^2 Hub functions as a DA layer and off-chain verification layer, similar to Celestia, to prevent data withholding and other malicious activities. In the future, B^2 Network plans to incorporate Bitcoin Layer2 to establish a universal DA layer and data storage layer within the Bitcoin ecosystem. The B^2 Hub node validates transaction batches, while storage nodes compete for block production rights to earn incentives. The workflow of B^2 Network involves the sequencer creating new blocks, the aggregator sending them to the Prover for ZK proof generation, and the B^2 Hub node verifying and transmitting the data hash to the Bitcoin chain. As a universal DA and verification layer, B^2 Hub has the potential to enhance other Bitcoin second-layer solutions.

BTC L2 is a hot topic in the blockchain space, with a variety of projects vying for dominance. Among these projects, Merlin Chain has emerged as a strong contender, often being compared to ETH L2 solutions as a representative of the Western world.

The focus of the Bitcoin ecosystem's development lies in supporting market activities. Mainstream Layer2 solutions include the Lightning Network, sidechains, and Rollups. The Lightning Network enables peer-to-peer payments by establishing off-chain payment channels, while sidechains achieve this by locking Bitcoin assets and minting equivalent assets on the sidechain. Within the Bitcoin ecosystem, there are also stablecoin protocols and various DeFi projects. Unlike Ethereum, Bitcoin's Layer2 solutions offer multiple choices. The Lightning Network has the potential to achieve high TPS (transactions per second) but carries centralization risks. Sidechain solutions, similar to Ethereum, can issue assets equivalent to Bitcoin at a 1:1 ratio. Additionally, there are various cross-chain bridge solutions and Bitcoin-based DeFi protocols, such as B2 Network, Merlin Chain, and Alex. The Bitcoin ecosystem will serve as a crucial engine for this bull market, with various DeFi protocols, stablecoin protocols, and cross-

The champions of Pixel NFTs have dominated half of the top 10 spots on the recent BTC NFT hot list, with their avatars composed of small squares. Pixel art NFTs, carrying the nostalgic memories of the 1980s, have become a phenomenon in social circles. The unique style of NFTs attracts both investors and gamers, forming communities and seeking a sense of belonging. NodeMonkes has swiftly risen to become one of the top 3 NFT projects in the crypto world, despite controversies, within just two months. The Jubilee upgrade will bless all inscriptions, and cursed inscriptions will become discontinued, potentially marking a new beginning for the Bitcoin ecosystem. On January 5, 2024, the last cursed inscription was carved on a rare Cong, becoming the final swan song. Rare Satoshi’s carry extremely high premiums, with Block 9 being the oldest among them, and no new Satoshis will be created. The champions of Pixel NFTs have dominated half of the top 10 spots on the recent BTC NFT hot list, with their avatars composed

In the world of cryptocurrency trading, to prevent potential losses, we should keep in mind some important advice: don't blindly pursue excessively high returns, stay away from emotional trading behaviors; establish clear stop-loss mechanisms, maintain investment flexibility; avoid attempting to sell all at once at market peaks, consider exiting gradually; deeply understand the psychological state of investors and maintain a calm mindset. The author advocates for keeping investment strategies simple and clear, staying away from impulsive decisions made in response to market sentiment.

This article explores inscriptions and their applications on the Bitcoin blockchain, as well as the associated theory of ordinals. By clarifying the confusion between the terms "ordinals" and "inscriptions," this article will help readers understand these two concepts more clearly, delving into their technical foundations and potential impacts on Bitcoin and the crypto industry.

Merlin Chain currently supports Bitcoin protocols including BRC20, BRC420, Bitmap, Ordinals, and will soon support Atomicals, Stamp, Runes, etc. According to official sources, there are currently hundreds of dApps in preparation or online. In a recent AMA, Merlin Chain also announced collaborations with 5 DApp projects. This article will briefly introduce the basics of these pioneering projects.

In the article, we organize seven indicators signals worth investors' attention during a bull market, perhaps providing you with clues to successfully "exit at the peak." Through various indicators and signals, we assist traders in judging market trends and macro conditions.

This article aims to logically deduce potential differences between the bull market cycle in 2024 and previous cycles. Additionally, it presents personal reflections and strategies for navigating the current market conditions.

This article introduces Satoshi Protocol, the first Bitcoin Layer 2 project compatible with BEVM for EVM development experience. It will guide readers through various aspects of the protocol and how to participate in the Testnet activities. By understanding Satoshi, readers will gain a rough impression of the trends in BTC Layer 2 development.