Merlin Chain: The security of Bitcoin's native second-layer network

🛡️Security of Bitcoin's native second-layer network

Merlin Chain has recently attracted more than $3.5 billion in funds, becoming a highly watched project in Bitcoin's native second-layer network. However, such a large amount of funds also brings corresponding security challenges. In order to ensure the security of funds, Merlin Chain has taken a series of measures.

🏗️Architecture design with layered security

Merlin Chain's architecture design takes into account all aspects of security. First, a multi-token staking Oracle node system is adopted to resist the risk of single point failure by decentralizing power and data transparency. In addition, public accessibility of data is achieved to ensure the security of information transmission.

🎯Diversified assets and proxy staking

Merlin Chain supports diversified asset staking, including $BTC, $MERL and other mainstream BRC-20 assets, which improves the flexibility and risk resistance of the system. The proxy staking mechanism allows users to entrust assets to reputable Oracle nodes for management, while the real-time monitoring function enhances users' perception of asset management.

🚪Exit mechanism and asset management

Provide a flexible exit mechanism, users can withdraw their assets at any time, and ensure the liquidity of funds. Through the co-management mechanism with Cobo, Merlin Chain achieves institutional-level security and ensures the safe management of all funds.

🔍Data availability and one-layer verification

Using Celestia as the data availability layer, it ensures the verifiable release of block data and enhances the transparency and credibility of the network. At the same time, through the solution of aggregated zero-knowledge proof based on Taproot and Rollup data writing to the Bitcoin mainnet, it inherits the security of Bitcoin and ensures the immutability of data.

🤝Cooperation between the security team and third-party platforms

Merlin Chain has joined forces with multiple security teams to build a strong line of defense for fund security. Merlin Security Council funds research, education, and technology development, and encourages more community members to join and contribute to ecological security. At the same time, it supports users to monitor on-chain through third-party independent platforms such as mistTrack, providing a safe and transparent on-chain experience.

📜Summary

Through multi-level security measures such as architecture design, data availability guarantee, one-layer verification inheritance, asset management, joint security team audit and third-party monitoring, Merlin Chain provides all-round protection for the security of 3.5 billion funds.The continuously improved security mechanism will further ensure the long-term and stable development of the Merlin Chain ecosystem.

For more information, please refer to the official article: https://t.co/W4PodsAePG#Merlin#Web3#Crypto#BTC#ETH#NFT#Thread#Alpha #SOL