Merkle Network’s main functionality is to connect multiple blockchains and&nbsp;bridge the gap between the decentralized ecosystem flourishing in these&nbsp;blockchains. Merkle network leverages the use of interoperable oracles to&nbsp;transfer data between blockchains. Just as oracles have successfully&nbsp;connected blockchains with the outside data, Merkle network’s interoperable&nbsp;oracles will connect the blockchains by allowing the flow of information&nbsp;between the chains.Merkle network is built to be secure and trustworthy through a range of&nbsp;incentives and penalties for the node operators. Merkle Network is being built&nbsp;to support multiple blockchains including but not limited to Ethereum, Binance&nbsp;Smart chain MATIC, Tron, etc. Merkle Network includes two approaches to&nbsp;achieve interoperability to cover a wide spectrum of use cases to be built&nbsp;using this feature. As per the Merkle Network approach the data transmission&nbsp;request can originate from either source blockchain or the destination&nbsp;blockchain.

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Merkle Network uses MERKLE tokens to reward Merkle Node operators for transferring the data from the source blockchain to the destination blockchain, while maintaining the integrity &amp; readability of the data and uptime guarantee of the node operators. Users and smart contracts looking to use the Merkle network to transfer data between the chains pay the Node operators in Merkle tokens.The maximum supply of MERKLE tokens is 60,000,000 with deflationary supply linked to the use of network. A part of the fees generated on the network will be burned.

Merkle Network

Merkle Network is a Web3.0 interoperability protocol which enables cross chain transfers of blockchain assets and data between multiple blockchains

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