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Jakarta, Pintu News—Merlin Chain, a popular layer two (L2) solution in the Bitcoin BTC2.56%->Current BTC PriceRp 1.419.245.2732.56%Market Cap-Trading Volume-Circulating Supply- ecosystem, recently announced an exclusive partnership with Hemi Network. This L2 network combines the advantages of Ethereum ETH3.95%->Current ETH PriceRp 31.808.7383.95%Market Cap-Trading Volume-Circulating Supply- and Bitcoin (BTC).
The partnership aims to increase revenue opportunities and liquidity within the Bitcoin (BTC) ecosystem. This information was revealed through a series of tweets on the X platform.
Check out the full news below!
Merlin Chain stated that the cooperation with Hemi Network considers the development of an interconnected blockchain ecosystem. In this case, the partnership leverages the efficiency of the Ethereum (ETH) and Bitcoin (BTC) ecosystems.
Introducing M-BTC into the Hemi Network is an important step in increasing the utility and functionality of Bitcoin (BTC) within the DeFi sector. The integration between Merlin Chain and Hemi Network allows Bitcoin (BTC) holders to access extensive revenue opportunities through the Hemi and Merlin Chain platforms.
As such, this collaboration effectively expands the financial prospects for Bitcoin (BTC) holders while guaranteeing greater market liquidity and depth.
Read also: China Allegedly Selling Bitcoin (BTC), What’s the Impact on the United States?
Once deployed on the Hemi Network, M-BTC will serve as a bridge connecting Bitcoin (BTC) with the wider DeFi world. It will strengthen consumers by providing an easier and more flexible way to use their Bitcoin (BTC) holdings.
At the same time, they can also take advantage of the efficiency and scalability provided by the L2 solution. Hemi Network is backed by big players such as Big Brain VC, Breyer Capital, and Binance Labs.
This network facilitates greater interoperability, security, and scalability between Ethereum (ETH) and Bitcoin (BTC). It also opens up a unique financial, probabilistic, and programming potential for blockchain consumers.
This integration will allow consumers to move assets seamlessly between networks while using advanced financial tools for better liquidity and yield.
Read also: Anatoly Yakovenko Criticizes Layer-2 Solution, What Does He Say?
According to Merlin Chain, the partnership with Hemi Network is an important milestone in enhancing the role of Bitcoin (BTC) in the DeFi world. Both companies aim to provide Bitcoin (BTC) holders with more financial opportunities as well as enable unparalleled interaction between Ethereum (ETH) and Bitcoin (BTC).
As a result, users can expect more cross-chain compatibility within the growing blockchain sector. Overall, this partnership is important in building a scalable, interconnected, and resilient financial landscape.
The partnership between Merlin Chain and Hemi Network marks a new era of enhanced financial and technological opportunities within the Bitcoin (BTC) ecosystem. By combining the strengths of two leading blockchain networks, they seek to create solutions that increase liquidity and expand access to innovative financial tools.
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*Disclaimer
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