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Bitcoin's Layer2 Network Merlin Chain Announces Closure Of Its Merlin's Seal Pledge Channel

15/04 11:03

According to PANews, Bitcoin's Layer2 network, Merlin Chain, has announced the closure of its Merlin's Seal pledge channel. The last day for Merlin Seal points will be April 14. The system will require some time to calculate points and verify data. This development marks a significant shift in the operations of the Merlin Chain, as the pledge channel was a key component of its infrastructure. The closure indicates a change in the strategic direction of the network, although the specifics of this change have not been detailed. The calculation and verification of points suggest a winding down process, as the system prepares for the closure. The impact of this closure on the users of the Merlin Chain and the wider Bitcoin network remains to be seen.

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