Merlin Chain is one of the most popular Bitcoin native second-layer networks. It attracted more than $3.5 billion in funds and more than 200 projects in just 30 days after the mainnet was launched. However, this scale of funds also brings security risks.
In order to ensure the safety of funds, Merlin Chain has taken multiple measures:
1. The architecture design is layered to ensure security and transparency, including decentralized Oracle, diversified assets, proxy pledge, real-time monitoring and exit mechanism.
2. Share the DA layer with Celestia to ensure the verifiable release and transparency of data.
3. Verify to the first layer, inherit the security of Bitcoin, and submit all second-layer data to the first layer of Bitcoin for security verification.
4. Asset management is implemented by the Cobo co-management mechanism, and the MPC wallet solution is adopted to ensure the safety of funds.
5. The Merlin Security Committee was established to jointly audit ecological projects with multiple security companies, and monitor on the chain through an independent platform.
These measures jointly ensure the security of Merlin Chain funds and provide guarantees for the continued prosperity of the ecosystem.