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

By Umair

July 26, 2024 7:31 AM

Blockchain News

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

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Table of contents

1. Polyhedra Network Releases the zkBridge NEP-3 Proposal for Integration with Merlin Chain
2. The Development Targets Expanding Bitcion’s Usability and Functionality

Polyhedra Network, a well-known platform developing infrastructure for privacy, scalability, and interoperability in Web3, has an exclusive proposal. The new proposal of Polyhedra targets its integration with Merlin Chain through zkBridge. The platform took to its official X account to provide details of this endeavor.

https://twitter.com/PolyhedraZK/status/1816688118810182121?t=_OmcN7MXVFOgA92D37sgow&s=19

Polyhedra Network Releases the zkBridge NEP-3 Proposal for Integration with Merlin Chain

It mentioned that the 3^rd 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.

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 Bitcoin 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.

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.

The Development Targets Expanding Bitcion’s Usability and Functionality

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.

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Umair

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

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