How to Bridge to Merlin Chain

How to Bridge to Merlin Chain

To bridge assets to Merlin Chain securely and efficiently, consider using the official Merlin Bridge. This platform enables a smooth connection with MetaMask and other wallets compatible with Ethereum Virtual Machine (EVM), facilitating the safe transfer of cryptocurrencies like USDC, WETH, and USDT to Merlin Chain's innovative Layer 2 Bitcoin architecture. Currently, the Merlin Bridge offers a direct pathway for transferring assets from Ethereum and BNB Chain to Merlin Chain's EVM-compatible layer on Bitcoin.

Follow these steps to initiate the transfer:

1. Navigate to the Merlin Bridge website and connect your wallet.
2. Select the token (e.g., ETH) you intend to bridge to Merlin Chain.
3. Specify the amount of the token you wish to transfer.
4. Review the transaction details carefully to ensure accuracy, then confirm the transaction to initiate the asset transfer to Merlin Chain.

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Merlin Chain Bridging Fees

When transferring assets across different blockchain networks, transaction fees are incurred on both the originating and receiving chains. For Ethereum, these fees, known as 'gas,' vary widely depending on the network's congestion level at the time of the transaction.

Considering average gas prices, expect to spend about $20 to bridge assets from Ethereum to Merlin Chain. However, bridging from Merlin Chain to Ethereum typically costs less than $1. This cost difference highlights Merlin Chain's efficiency and cost-effectiveness in operations compared to the Ethereum mainnet, offering users a more affordable way to conduct transactions.

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How Does Bridging Work?

Bridging to Merlin Chain is streamlined and secure, tailor-made to leverage the distinct features of its Layer 2 platform. Here's a breakdown:

• Selecting a Bridging Service: Rhino.fi is the recommended cross-chain bridge for its seamless integration with Merlin Chain, facilitating straightforward asset transfers via a user-friendly interface.
• Locking Assets on the Source Chain: Your assets are secured in a smart contract on the origin blockchain to ensure safety during the transition.
• Token Minting on Merlin Chain: Merlin Chain issues an equivalent amount of tokens, incorporating your assets into its ecosystem smoothly.
• Security Verification: The bridge incorporates extensive checks, with assigned validators or relayers overseeing the secure and accurate transfer and token issuance on Merlin Chain.
• Reversal Option: If needed, you can reverse the process. By destroying the minted tokens on Merlin Chain or re-locking them, your original assets can be retrieved on the source blockchain.

This procedure ensures a protected and efficient method for moving assets to Merlin Chain, boosting its interoperability and aiding in the expansion of the digital asset ecosystem.

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About Merlin Chain

Merlin Chain is a groundbreaking Layer 2 solution built on Bitcoin, designed to unlock Bitcoin's full potential by facilitating native Layer 1 assets, users, and protocols. It offers low transaction fees and high scalability, making it compatible with Ethereum Virtual Machine (EVM) for efficient transaction processing. Merlin Chain supports many Bitcoin protocols, including BRC20, BRC420, and others, by implementing ZK-Rollup technology, enhancing efficiency and security.

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Closing Thoughts

In conclusion, the official Merlin Bridge stands as the premier solution for asset bridging to Merlin Chain, offering unparalleled security, compatibility with EVM and Bitcoin wallets, and straightforward transactions from a variety of networks. By following a simple, user-friendly process, users can efficiently transfer digital currencies while benefiting from Merlin Chain's cost-effective operations and innovative Layer 2 Bitcoin architecture.