Bitcoin Network Adapting Despite Experiencing Growing Pains, Says Early BTC Investor. Although Bitcoin-based decentralized applications (dapps) have been known to replicate or copy Ethereum dApps, Jeff Yin, founder of Merlin Chain, believes there is a growing impetus to build bitcoin dapps that are distinguishable from ether-based dapps. Yin, however, noted that the synchronization between bitcoin-based dapps and the Ethereum Virtual Machine (EVM) dapps still benefits the industry by way of unique and innovative solutions that leverage the strengths of both ecosystems. Leveraging the Strengths of Bitcoin and Ethereum Ecosystems. In the long term, solutions that leverage the strengths of both ecosystems could potentially attract more users and developers, making the entire cryptocurrency industry more robust and diverse. The Merlin Chain founder downplayed the impact of the recent surge in Bitcoin network fees, where transaction fees exceeded $50.
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Bitcoin-based decentralized applications (dApps) have been known to replicate or copy Ethereum dApps. Yin states that BTC has learned extensively from ETH in areas such as decentralized exchanges (DEXs), derivatives, and lending. He also mentions that new protocols are emerging, such as Surf, a derivatives trading protocol launched on Merlin Chain
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