Merlin Chain is a native second-layer network of Bitcoin. It has attracted more than 3.5 billion US dollars in TVL in just 30 days after its launch, and attracted more than 200 projects to enter its ecosystem. However, as the scale of funds grows, the issue of fund security becomes particularly important. This article will explore in depth how Merlin Chain ensures the security of these 3.5 billion funds, analyzing each aspect from architecture design to asset management to security teamwork.
🔒 Merlin Chain's architecture design is encrypted layer by layer to ensure the security and liquidity of funds. First of all, a multi-token staking Oracle node system is adopted to achieve decentralized power and data transparency to resist single point failure and centralization risks. Users can choose to directly pledge assets to become Oracle nodes or entrust agents to pledge, monitor their staking status and income in real time, and enjoy a flexible exit mechanism to ensure the liquidity of funds. In addition, Merlin Chain shares the data storage layer (DA) with Celestia to ensure the verifiable release of block data and enhance the transparency and credibility of the network. The first-layer verification inherits the security of Bitcoin, and writes the aggregated zero-knowledge proof and Rollup data to the Bitcoin main network based on Taproot to ensure the secure processing, verification and storage of the second-layer data.
💼 In terms of asset management, Merlin Chain cooperates with Cobo to use MPC wallet solutions to manage assets. Cobo uses advanced MPC technology to achieve the generation, encryption and distribution of private key shards in a secure environment, ensuring that asset security is not affected by single point failures. Through measures such as cold and hot wallet isolation, funds are effectively protected when Merlin Chain crosses chains/locks.
🛡 In order to further strengthen ecological security, Merlin Chain has established the Merlin Security Committee and cooperated with many well-known security companies to audit ecological projects. At the same time, through third-party independent platforms such as mistTrack for on-chain monitoring, users can query the on-chain data of Merlin and its ecological projects at any time to ensure the safety of funds and provide a safe and transparent on-chain experience.
In summary, fund security is directly related to the survival of the public chain. Merlin Chain has not only made important and innovative measures in architecture design and asset management, but also cooperated with the security team to jointly maintain ecological security and is committed to providing users with a safe and reliable ecological environment. $BT#MerlinSwap#MerlinStarte#Merlinchain#merlin生态