This article lists three BTC Layer 2 projects that are expected to be launched: B2 Network, Merlin Chain, and BEVM. The article provides a step-by-step guide for readers to participate in these projects.
With the continuous expansion of Bitcoin user base, network congestion, transaction delays, and transaction fees have increased significantly. Especially in the second half of last year, the Bitcoin chain gas skyrocketed, reaching 600+ at one point.
To solve the scalability issues of Bitcoin, Layer 2 networks have emerged, but they are still in the early stages. Odaily Planet Daily has listed three expected BTC Layer 2 projects: B2 Network, Merlin Chain, and BEVM, and will guide readers through the process.
Bitcoin Test Coin Claim: Enter Unisat or OKX wallet, switch the network to the testnet, and enter the testnet wallet address in the faucet URL to claim test tokens: coinfaucet (more tokens, claim once every 12 hours), bitcoinfaucet (can be claimed multiple times, but in small quantities), beyondfaucet (unstable).
EVM Test Coin Claim: Method 1, enter the faucet and claim USDC by filling in the EVM address; Method 2, claim on Meson as shown below.
B2 Network, led by HashKey Capital, OKX Venture, and Droplet Capital, has officially announced that 10% of the tokens will be rewarded to early users, with 5% as mining rewards and another 5% distributed through airdrops. B2 Network consists of two layers: the Rollup Layer, which uses ZK-Rollup to execute user transactions and generate relevant proofs, and the Data Availability Layer, which includes decentralized storage, B2 nodes, and the Bitcoin network. Decentralized storage ensures the accuracy and security of data storage, verification of transactions and state generation, decentralization, and data security. The Bitcoin network serves as the final settlement layer for B2 Network, allowing users to audit all B2 Rollup transactions and verify their authenticity using proofs on the Bitcoin chain.
(1) Participate in bsquared Odyssey: The official has opened the point system, which may be used to measure the amount of airdrops in the future. Participants can earn points by completing basic tasks, cross-chain interactions, and inviting friends.
(2) Participate in B2 Buzz: B2 Network has launched the Buzz Campaign, where users can deposit Bitcoin, ORDI and SATS in the BRC-20 standard, wBTC, USDT on Ethereum, BTCB, FDUSD, and Matic on BNB chain to earn parts for assembling mining devices and mine B2 native tokens. The staked assets can be withdrawn in April. The mining rewards will decrease by half every month. The production follows a schedule of 2.5% for the first month, 1.25% for the second month, 0.625% for the third month, and so on.
Merlin Chain, built by the BRC 420 team, is a Bitcoin Layer 2 solution. It has great potential, as seen from the recent surge in BRC 420 and Bitmap. The official has explicitly stated that they will launch the largest fair launch of Layer, where participants can earn points by consuming Gas.
BEVM, led by Droplet Capital, aims to build a decentralized BTC Layer 2 that is compatible with EVM, allowing various applications in the EVM ecosystem to be seamlessly deployed on BEVM, increasing the usage and consumption scenarios for Bitcoin. In order to better maintain the security of the Bitcoin network, BEVM will launch BEVM-Stack in the future, which will help high-throughput developers and Bitcoin projects build their own BTC Layer 2. Unlike the previous two projects, BEVM uses Taproot multisim with threshold signatures to improve the fault tolerance of BTC cross-chain transactions.
With the official approval of the Bitcoin spot ETF and the announcement of support for Bitcoin ecosystem development by many investment institutions, the next bull market may be triggered by the Bitcoin ecosystem. Compared to Layer 2 projects in the Ethereum ecosystem, BTC Layer 2 is still in a value depression. The mentioned projects in this article are expected to have great potential and can be focused on for potential gains.
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