Polyhedra Network

Merlin Chain

<p>Polyhedra Network, a well-known platform developing infrastructure for privacy, scalability, and interoperability in <a href="https://blockchainreporter.net/glossary/web-3-0/" rel="noopener noreferrer nofollow">Web3</a>, has an exclusive proposal. The new proposal of Polyhedra targets its integration with Merlin Chain through zkBridge. The platform took to its<a href="https://x.com/PolyhedraZK/status/1816688118810182121" rel="noopener noreferrer nofollow"> official X</a> account to provide details of this endeavor.</p><h2 id="header-0">Polyhedra Network Releases the zkBridge NEP-3 Proposal for Integration with Merlin Chain</h2><p>It mentioned that the 3rd zkBridge Network Expansion Proposal denotes a huge move, improving the reach and capabilities of Polyhedra. Merlin Chain operates as a Bitcoin L2 solution. It joins a ZK-Rollup network, on-chain BTC scam-proof modules, and a decentralized network of oracles. The respective cutting-edge integration focuses on strengthening the native assets, products, and protocols of Bitcoin on L1.</p><p>It intends to do this via the L2 network of Merlin Chain. As a result of this, Merlin Chain endeavors to advance the features of <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> once again. It aims at unlocking exclusive potentials as well as increasing Bitcoin’s usability within decentralized applications. The zkBridge integration offers extra support for the Merlin chain with the zkLightClient LayerZero Decentralized Verification Network.</p><p>The respective additional supporting layer will improve the security and functionality of transfers and interactions in the Merlin Chain ecosystem. It also facilitates streamlined interactions across chains along with guaranteeing the data transactions’ integrity. This makes it a significant add-up to the integration. According to Polyhedra Network, the Merlin Chain integration with zkBridge can substantially contribute to the evolution and growth of the blockchain and Bitcoin ecosystems.</p><h2 id="header-1">The Development Targets Expanding Bitcion’s Usability and Functionality</h2><p>By benefiting from decentralized oracles and ZK-rollup technology, Merline Chain can provide effective, secure, and scalable solutions. These solutions can enhance Bitcoin’s capabilities beyond its conventional boundaries. Polyhedra Network added that zkBridge NEP-3 signifies a promising advancement within the overall blockchain space, expanding Bitcoin’s usability and functionality.</p>

Polyhedra Network Unveils the NEP-3 Proposal to Integrate with Merlin Chain

Inhoudsopgave

BlockchainReporter

Andere artikelen gepubliceerd op 26 jul 2024

bitFlyer acquires 100% of FTX Japan shares and will rebrand the platform

Ripple CEO Warns Kamala Harris Against Anti-Crypto Lawmakers

Avalanche Price Shows Signs of Recovery Amid Resistance at $32.66

Bitcoin price could hit $63K amid $3.9B futures expiry

Elon Musk’s X Deletes Bitcoin Emoji, Ignites Crypto Debate

ETH ETFs launched in ‘weak market’ and could pressure Bitcoin — Analyst

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!