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 can ensure the security of 3.5 billion funds is a question that all users need to care about.
First of all, Merlin takes security into consideration in every aspect of its own architecture design, and cooperates with multiple security teams such as SlowMist, plus layers of plug-ins, to jointly build a solid defense line for fund security.
1. Decentralized Oracle: Resist single point failure by decentralizing power and making data transparent
2. Share DA layer security with Celestia
3. Verify to one layer, inherit the security of Bitcoin
4. Asset management: Achieve institutional-level security through Cobo co-management mechanism
5. Jointly escort with well-known security teams and third-party platforms
6. On-chain monitoring through independent platforms such as mistTrack
In summary, Merlin Chain has invested a lot of resources to ensure the security of $3.5 billion in funds, and continues to increase it. They have worked with multiple security teams and taken strict security measures in terms of architecture design and asset management. In addition, they encourage individuals and teams to discover vulnerabilities and contribute to ecological security to ensure the long-term prosperity of the ecosystem.#Merlin#MerlinChain