Bitcoin L2
Apr 13
4 min read
Babylon Chain: The Bitcoin Staking Pioneer
In this article, we explore Babylon Chain, the brainchild of engineers David Tse and Fisher Yu, who seek to promote greater decentralization, utility, and security for Bitcoin and Proof-of-Stake chains.
Apr 13
5 min read
Bitcoin Virtual Machine: One L2 Metaprotocol to Power Them All
Bitcoin Virtual Machine, an ambitious project announced in February 2024, might have an answer: a meta protocol fit with all the tools developers need to build their own Bitcoin L2s. This must sound familiar, given the popularity of the Ethereum Virtual Machine. In this article, we’ll explore how BVM works and the particular challenges it is solving in the Bitcoin ecosystem.
Apr 13
5 min read
Merlin Chain and the Making of a Bitcoin-Native Layer 2 Network
It was officially announced in January 2024, and a testnet bridge was launched soon after. In February, the mainnet was rolled out with a fair launch event tagged Merlin’s Seal that achieved a TVL of over $3.5 billion. Merlin Chain recently secured seed round funding from 24 investors, led by OKX Ventures, ABCDE, Foresight Ventures, and Arkstream CapLike. Like other Bitcoin Layer 2 solutions, Merlin aims to unlock greater utility for Bitcoin, boosting its adoption and enhancing its user base.
