Fund security is directly related to the life and death of the public chain! ! #Merlin #Merlinchain #MerlinSwap #MerlinLayer2

Detailed explanation of the security of Merlin Chain and how to protect 3.5 billion 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 within 30 days of its launch, attracting more than 200 projects to enter construction. After Merlin launched second-layer mapped assets, multiple ecological projects successively released major updates, and hundreds of millions of dollars of liquidity poured in. The unprecedented popularity once caused congestion on the Bitcoin network. But if an ecosystem takes on billions of funds, in addition to bringing a prosperous ecosystem and liquidity, it also means being exposed to the dangerous dark forest of blockchain.

How Merlin Chain ensures the security of 3.5 billion funds is a question that all users need to be concerned about. This article will analyze the security system of Merlin Chain. As an emerging BTC L2, Merlin has considered security in every aspect of its architecture design, and has joined forces with many security teams such as Slow Mist, adding layers of plug-ins to jointly ensure fund security. Build a solid line of defense.

The architecture design is layered to ensure security and transparency.

Decentralized Oracle: Resisting single points of failure through decentralized power and data transparency

Merlin Chain uses a multi-token pledge Oracle node system. The sequence node is responsible for collecting and batch processing transactions, generating compressed transaction data, ZK state roots and proofs. This data is compiled by the Oracle Network Execution Circuit and uploaded into Taproot on the Bitcoin mainnet, making it publicly accessible to the entire network.

Diversified assets: Supports the pledge of $BTC, $MERL and other mainstream BRC20 assets, improving flexibility and risk resistance.

Agent pledge: Not only allows users to directly pledge assets to become Oracle nodes, but also provides more flexible agent pledge options, allowing users to entrust assets to existing and reputable Oracle nodes for management

Real-time monitoring: Users can view their agent pledge status and income in real time, as well as the performance records of agent nodes

Exit mechanism: Provide a flexible exit mechanism, users can withdraw their assets at any time to ensure the liquidity of funds

By decentralizing power and data, Merlin Chain resists the risks of single points of failure and centralization.