Merlin Chain is a safe and secure chain that protects 3.5 billion yuan of funds
Merlin Chain is undoubtedly the hottest Bitcoin native second-layer network at the moment. The mainnet reached an astonishing TVL of 3.5 billion US dollars within 30 days of its launch, attracting more than 200 projects to enter the construction. After Merlin launched the second-layer mapping assets, many ecological projects successively released major updates, hundreds of millions of US dollars of liquidity poured in, and the unprecedented popularity once caused congestion in the Bitcoin network.
How Merlin Chain ensures the security of 3.5 billion funds is a question that all users need to be concerned about. As an emerging BTC L2, Merlin has taken security into consideration in every aspect of its architecture design, and has collaborated with multiple security teams such as SlowMist, and added layers of plug-ins to jointly build a solid line of defense for fund security.
Merlin features include: diversified assets, proxy pledge, real-time monitoring, exit mechanism, and high security.
Merlin Chain uses Celestia as the data availability layer to ensure the verifiable publication of block data and enhance the transparency and credibility of the network.
Merlin Chain proposes a solution based on Taproot's aggregated zero-knowledge proof and Rollup data written to the Bitcoin mainnet. All second-layer data will be submitted to Bitcoin's first layer for security verification. This means that any problems on the second layer, whether fraud or errors, will be discovered and blocked by the first layer. Its key components: Node, zkProver, and Database work together to process and exchange data to confirm the validity of the entire transaction process, thereby ensuring the secure processing, verification, and completion of data storage of transactions. This allows Merlin Chain to inherit the security of Bitcoin, provide L2 batch processing scalability, and ensure that data is anchored in Bitcoin and cannot be tampered with.
For public chains, the security of their ecological projects is a relatively uncontrollable but very important factor. It is reported that one of the reasons why the Blast ecological project Munchables was hacked was that in order to save audit fees, an unknown security team was hired to issue an audit report.
Fund security is directly related to the survival of the public chain. As an emerging and growing Layer2, Merlin Chain has devoted absolute resources to security since its birth, and has continued to increase its investment after achieving ecological success. After all, only by maintaining the most basic security line can the long-term sustainable prosperity of the ecology be guaranteed. It is reported that Merlin Chain plans to add Council Grants and Merlin Bug Bounty programs in the future to encourage any individual or team to find loopholes and contribute to the ecological security of Merlin Chain.
