On January 31, 2024, in New York, USA, Chainwire reported. This week marked the launch of the eagerly awaited Merlin Chain, Bitcoin’s L23 solution, on its testnet, with the full release on the mainnet expected to happen in roughly a month. This addresses Bitcoin’s persistent issue with network traffic bottlenecks by introducing new scalability enhancements. Over the past year, the development of Ordinals has reignited interest in the Bitcoin ecosystem following an extended lull. Boosting the thrill within the bitcoin environment has concurrently escalated the depletion of network capacities. The escalating cost of conducting transactions, along with the growing value of Bitcoin, has led to more blockage in the network and has dampened the enthusiasm for Bitcoin among potential new users. (Source: Bitcoin Daily Average Transaction Fee in USD – YCharts). The concept of creating an L2 network compatible with EVM is identified as the most immediate solution because of the straightforwardness in its execution strategy. Additionally, Merlin Chain is another L2 chain compatible with EVM, currently under development by Bitmap Tech (previously named Recursiverse), which is the same team responsible for the creation of the BRC-420 protocols and Bitmap. The gaming community holds the team in high regard because of their track record of prior accomplishments, particularly with BRC-420. The BRC-420 standard allows for the merging and iterative use of various file types to create a more intricate encoding.