oracle. Merlin Chain utilizes ZK-Rollup network and on-chain BTC fraud-proof modules and has strengthened its position in the Bitcoin ecosystem with this integration. Pyth is recognized for delivering real-time price data, which is a critical part of any decentralized application on any chain. Price oracles allow seamless integration of price feeds into financial dApps.The founder of BitmapTech and Merlin Chain has expressed great enthusiasm about the partnership with Pyth.
Pyth's architecture allows applications to retrieve price data on-demand from the Pythnet appchain. Most current prices are available to users, ensuring both accuracy and regular updates. Pyth's data is already being used in the Merlin Chain's DeFi ecosystem and is now expected to fuel additional applications.
As for Merlin Chain itself, it is a second-layer Bitcoin solution that merges a ZK-Rollup network with a decentralized oracle and BTC fraud-proof mechanisms. Its objective is to enrich the DeFi potential of Bitcoin on its second layer, thus broadening the cryptocurrency's appeal and functionality. Being a branch of Bitmap Tech, with a notable market capitalization of over $500 million, Merlin Chain is also gaining attention for its BRC-420"Blue Box" collection within the Ordinals framework.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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