Innovation and Development of the Bitcoin Ecosystem: The Story of Bitmap Tech and Merlin Chain

From Web2 to Web3: The Birth of Bitmap Tech

After many years of working in the Web2 industry, a seasoned entrepreneur was attracted by the potential of the Bitcoin ecosystem and resolutely decided to dive into this emerging field in mid-2023. At that time, the market still had doubts about inscription technology, but he saw the opportunities within it. This decision led to the establishment of Bitmap Tech, a company dedicated to developing innovative asset protocols and scaling solutions within the Bitcoin ecosystem.

The founder of Bitmap Tech was inspired by the Digital Meta Theory. This theory envisions that all content can be digitally generated, with each block corresponding to a virtual image, a song, or a miniature world, and this data will be permanently stored and immutable. This concept aligns closely with the Bitmap project, prompting the team to decide to delve deeper into construction based on this foundation.

BRC420: Innovative Asset Protocol

The BRC420 protocol launched by Bitmap Tech may seem obscure in theory, but its actual application and product design are quite remarkable. The core advantages of this protocol are mainly reflected in two aspects:

1. On-chain storage: Unlike traditional NFTs that rely on centralized cloud services, BRC420 assets are stored directly on the blockchain, achieving content immutability and permanent preservation.

2. Open Source and Composability: The open-source nature of the protocol provides fertile ground for innovation. Developers can reference and innovate based on existing inscriptions, similar to how many successful games are built upon the creativity of their predecessors.

The core concept of BRC420 is "content modularization" and "module assetization". It allows gameplay, characters, music, and other elements to be recorded in the form of inscriptions, forming combinable modules. These modules can not only be combined into complete content but can also be tokenized. Users holding these tokens not only become shareholders of the project but also gain access to the content and even have the opportunity to become potential builders of the project.

Merlin Chain: Bitcoin's Layer 2 Solution

With the development of the Bitcoin ecosystem, many demands have emerged that cannot be met at the Layer 1 level, especially in the fields of the metaverse, autonomous worlds, and finance. This has led to the birth of Merlin Chain, which aims to provide scaling solutions for Bitcoin.

The success of Merlin Chain is largely attributed to its transparency and community-oriented approach:

1. Open and transparent: The team expresses their true thoughts candidly in all public occasions, gaining the recognition of the community.

2. Zero marketing costs: To ensure fairness in the community, the project chooses not to invest in marketing expenses, and the promotion by community members is all done voluntarily.

3. Continuous Development: Compared to later entrants, the community recognizes teams that have been building from the early stages of the ecosystem.

The reason Merlin Chain particularly attracts Western users is that it provides strong support for inscription technology while meeting the desire of Bitcoin holders for yield.

Future Outlook

The Bitcoin ecosystem is still in its early stages, and the development of projects like Bitmap Tech and Merlin Chain indicates that innovation and perseverance are crucial for the healthy growth of the ecosystem. This field needs more excellent developers to participate and explore together how to better utilize existing assets to provide users with higher quality services.

For the entire Bitcoin ecosystem, the key right now is to build a solid foundation rather than rushing for quick results. Developers, investors, and other participants should focus on how to ensure the healthy growth of the ecosystem and collectively build a stronger and more innovative Bitcoin ecosystem.