This article lists three BTC Layer 2 projects that are expected to launch: B2 Network, Merlin Chain, and BEVM. These projects aim to address the scalability issues of Bitcoin and provide solutions to network congestion, transaction delays, and high transaction fees. In this article, we will provide a step-by-step guide on how to participate in these projects.
As the user base of Bitcoin continues to expand, network congestion, transaction delays, and increased transaction fees have become significant challenges. In order to address the scalability issues of Bitcoin, Layer 2 networks have emerged as a solution. However, these Layer 2 networks are still in the early stages of development. Odaily Planet Daily has compiled a list of three BTC Layer 2 projects that are expected to launch: B2 Network, Merlin Chain, and BEVM. We will guide you through the process of participating in these projects.
To participate in these projects, you will need to prepare a few things beforehand. First, you can enter the Unisat or OKX wallet to receive Bitcoin test coins. Switch the network to the test network and enter the test network wallet address to receive test tokens. There are several faucets available for receiving test coins, such as coinfaucet (which provides a larger amount of test coins every 12 hours), bitcoinfaucet (which allows multiple claims but with a smaller amount), and beyondfaucet (which is less stable). Additionally, for EVM test coins, you can either visit the faucet website and fill in your EVM address to receive test coins, or you can use Meson to claim test coins.
B2 Network, which has been funded by HashKey Capital, OKX Venture, and Shuidi Capital, plans to provide 10% of its tokens as incentives for early users. This includes 5% for mining rewards and 5% to be distributed through airdrops. B2 Network consists of two layers: the Rollup Layer, which uses ZK-Rollup to execute user transactions and generate related proofs, and the Data Availability Layer, which includes decentralized storage, B2 nodes, and the Bitcoin network. The decentralized storage ensures the accuracy and reliability of data storage, while the Bitcoin network serves as the final settlement layer for B2 Network.
Merlin Chain, developed by the BRC 420 team, is another BTC Layer 2 project that has gained attention recently. It utilizes ZK-Rollup to compress a large number of transaction proofs into a simple verification hash, improving transaction efficiency and scalability. Merlin Chain has already connected to 40 EVM chains and is planning to integrate the first multi-chain text-based DApp, allowing users to mint assets on various layers of Merlin Chain, including the Bitcoin L1.
BEVM, led by Shuidi Capital, aims to build a decentralized BTC Layer 2 that is compatible with the EVM. This will enable seamless deployment of various applications from the EVM ecosystem on BEVM, increasing the usability and consumption scenarios of Bitcoin. BEVM plans to launch BEVM-Stack in the future to help developers and Bitcoin projects build their own high-throughput BTC Layer 2. Unlike the previous two projects, BEVM utilizes Taproot multisig with threshold signatures to improve the fault tolerance of BTC cross-chain transactions.
In conclusion, these three BTC Layer 2 projects show promising potential for the future of Bitcoin. By addressing scalability issues and providing solutions to network congestion, they aim to enhance the usability and consumption scenarios of Bitcoin. As institutional investors show increased support for the Bitcoin ecosystem, the next bull market could be driven by the development of the Bitcoin ecosystem. It is recommended to pay attention to these projects as they may bring significant opportunities in the future.