加密月芽
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During the bull market, altcoins have plummeted over 90%, and the reasons behind this are surprisingly complex!
In the context of a bull market, altcoins have experienced the embarrassing situation of plummeting over 90%. Why is this happening?
There are mainly two reasons. First, there is a shortage of market funds. Without new funds entering the market, it becomes stagnant, lifeless. At the same time, the variety of cryptocurrencies has surged dramatically, from less than 3,000 in 2017 to over 30 million now, making it impossible for the market to digest so many. During the bull market in 2021, although the number of cryptocurrencies increased, the funds were also increasing, allowing various hot topics to be speculatively traded in turn. However, by 2024, the growth of cryptocurrencies has completely spiraled out of control, while funds have become difficult to concentrate.
The second reason is the lack of new hot topics and the absence of retail investor enthusiasm. This round of the bull market has not attracted new hot topics like before, and the speculative enthusiasm among retail investors has significantly decreased. Previously, the rise in altcoin prices relied on a large influx of retail investors, but now institutions are only focusing on BTC, and the channels for retail investors to invest in BTC have become more convenient, leading them to no longer be enthusiastic about altcoins. As a result, altcoins have no one to take over, and the market makers have no motivation to speculate.
So, how can one make money with altcoins? The key lies in the timing of the purchase. Only by buying at a low price can one gain an advantage in the subsequent market fluctuations.
In the context of a bull market, altcoins have experienced the embarrassing situation of plummeting over 90%. Why is this happening?
There are mainly two reasons. First, there is a shortage of market funds. Without new funds entering the market, it becomes stagnant, lifeless. At the same time, the variety of cryptocurrencies has surged dramatically, from less than 3,000 in 2017 to over 30 million now, making it impossible for the market to digest so many. During the bull market in 2021, although the number of cryptocurrencies increased, the funds were also increasing, allowing various hot topics to be speculatively traded in turn. However, by 2024, the growth of cryptocurrencies has completely spiraled out of control, while funds have become difficult to concentrate.
The second reason is the lack of new hot topics and the absence of retail investor enthusiasm. This round of the bull market has not attracted new hot topics like before, and the speculative enthusiasm among retail investors has significantly decreased. Previously, the rise in altcoin prices relied on a large influx of retail investors, but now institutions are only focusing on BTC, and the channels for retail investors to invest in BTC have become more convenient, leading them to no longer be enthusiastic about altcoins. As a result, altcoins have no one to take over, and the market makers have no motivation to speculate.
So, how can one make money with altcoins? The key lies in the timing of the purchase. Only by buying at a low price can one gain an advantage in the subsequent market fluctuations.
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The return of SBF, accompanied by the market's plunge, inevitably brings to mind his past glory and controversies. Some investors jokingly said: "I was wondering why the market was crashing, it turns out the 'explosive haircut' is back?" Although this statement is somewhat teasing, it also reveals the market's heightened attention and sensitive reaction to SBF's return.
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In the field of contract trading, most participants struggle to escape the trap of losses for the following reasons:
Excessive short-sightedness and disorderly operations: Some traders focus only on small-scale trends of 15 minutes, 30 minutes, or 1 hour, completely ignoring larger trends such as daily, weekly, or monthly charts. This leads them to frequently chase prices and sell off during small fluctuations, eager for high-frequency short-term trades. Due to a lack of rigorous trading plans, transaction fees consume a large portion of their capital, while profits remain minimal, and a slight misstep can lead to significant losses. When their actions contradict the major trend, they delay stop losses, ultimately resulting in liquidation.
Weak foundation and blind entry: Many beginners have no trading experience, only a partial understanding of technical indicators, and do not grasp market analysis. They have not built their own trading systems and enter trades based solely on intuition. If a novice rushes into the contract market without three years of chart observation and trading experience, it is essentially equivalent to seeking their own demise.
Misjudging strength and collapsing mentality: Some individuals mistake luck for their own trading skills; after a few profitable trades, they consider themselves trading experts. Thus, they borrow funds to trade cryptocurrencies and even quit their jobs to invest fully. However, under enormous pressure, emotions become uncontrolled, ultimately leading to failure.
Incorrect capital strategy: Using large amounts of capital for contract trading with the mentality of risking large for small gains, they hastily exit on minor profits while stubbornly holding onto losses. Such behavior in a one-sided market makes liquidation only a matter of time.
Therefore, it is advisable to participate in contract trading with small amounts of capital, seeking opportunities with high risk-reward ratios. Even in the event of liquidation, the losses will be small, while the returns can be substantial once profits are realized. Pursuing high risk-reward ratios to achieve small losses and large gains is the key to profitability in contract trading; conversely, small gains and large losses are the root causes of losses.
Excessive short-sightedness and disorderly operations: Some traders focus only on small-scale trends of 15 minutes, 30 minutes, or 1 hour, completely ignoring larger trends such as daily, weekly, or monthly charts. This leads them to frequently chase prices and sell off during small fluctuations, eager for high-frequency short-term trades. Due to a lack of rigorous trading plans, transaction fees consume a large portion of their capital, while profits remain minimal, and a slight misstep can lead to significant losses. When their actions contradict the major trend, they delay stop losses, ultimately resulting in liquidation.
Weak foundation and blind entry: Many beginners have no trading experience, only a partial understanding of technical indicators, and do not grasp market analysis. They have not built their own trading systems and enter trades based solely on intuition. If a novice rushes into the contract market without three years of chart observation and trading experience, it is essentially equivalent to seeking their own demise.
Misjudging strength and collapsing mentality: Some individuals mistake luck for their own trading skills; after a few profitable trades, they consider themselves trading experts. Thus, they borrow funds to trade cryptocurrencies and even quit their jobs to invest fully. However, under enormous pressure, emotions become uncontrolled, ultimately leading to failure.
Incorrect capital strategy: Using large amounts of capital for contract trading with the mentality of risking large for small gains, they hastily exit on minor profits while stubbornly holding onto losses. Such behavior in a one-sided market makes liquidation only a matter of time.
Therefore, it is advisable to participate in contract trading with small amounts of capital, seeking opportunities with high risk-reward ratios. Even in the event of liquidation, the losses will be small, while the returns can be substantial once profits are realized. Pursuing high risk-reward ratios to achieve small losses and large gains is the key to profitability in contract trading; conversely, small gains and large losses are the root causes of losses.
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Dogecoin 55 billion, Trump 10 billion,
There is a 5 times difference between the two endorsed coins of the world's richest person and the President of the United States.
Musk is a founding general, a national hero, all working for the president, so the presidential coin is definitely going to far exceed Dogecoin! Trump!
Tomorrow is Martin Luther King Jr. Day, the US stock market is closed, on MLK Day all major US banks are closed, only small credit unions and community banks are open, large funds are still on their way, so everyone in the circle is selling assets to chase Trump, Sol as a foundation is also being boosted.
This round of Sol has expectations for Trump, national reserves, and ETFs, there is still a 3 times space to Ethereum's market value, over the years many coins have claimed to surpass Ethereum, but now it seems only Sol can do it, and yesterday Trump was the watershed moment for Sol to surpass ETH!
There is a 5 times difference between the two endorsed coins of the world's richest person and the President of the United States.
Musk is a founding general, a national hero, all working for the president, so the presidential coin is definitely going to far exceed Dogecoin! Trump!
Tomorrow is Martin Luther King Jr. Day, the US stock market is closed, on MLK Day all major US banks are closed, only small credit unions and community banks are open, large funds are still on their way, so everyone in the circle is selling assets to chase Trump, Sol as a foundation is also being boosted.
This round of Sol has expectations for Trump, national reserves, and ETFs, there is still a 3 times space to Ethereum's market value, over the years many coins have claimed to surpass Ethereum, but now it seems only Sol can do it, and yesterday Trump was the watershed moment for Sol to surpass ETH!
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7 Years of Trading Coins: The Top Ten Points for Becoming Wealthy Through Trading (Worth Collecting)
Is it feasible to become rich by trading coins?
In the crypto world, achieving financial freedom and class advancement must adhere to the iron laws of the market: The top ten points for becoming wealthy through trading coins.
1. Keep a Close Eye on Bitcoin Trends
In the crypto world, Bitcoin often leads the rise and fall. While Ethereum can sometimes perform independently, most altcoins are influenced by it.
2. Pay Attention to the Relationship Between Bitcoin and USDT
Bitcoin and USDT often move in opposite directions. When USDT rises, be cautious as Bitcoin may fall; when Bitcoin rises, it’s an opportunity to buy USDT.
3. Seize Trading Opportunities in the Early Morning
From 12 AM to 1 AM, spike phenomena are common. Domestic coin traders can place low-price buy orders for their desired coins before sleeping and high-price sell orders, which may lead to pleasant surprises and easy profits.
4. Observe Morning Price Trends
From 6 AM to 8 AM each day is a key time to determine whether to buy or sell. If there is a continuous decline from 12 AM to 6 AM, and it continues to fall, it’s advisable to buy or add to positions, as there’s a good chance of a rise that day; if there is a continuous rise, and it continues to rise, it’s advisable to sell, as there’s a high probability of a decline that day.
5. Pay Attention to Afternoon Volatility
Particularly at 5 PM, special attention is needed because of time differences, as US traders begin to operate, which may trigger price fluctuations. Many significant rises and falls occur at this time.
6. Be Cautious of “Black Friday”
There is a term “Black Friday” in the crypto world; while there may be significant drops on Fridays, there can also be large rises or sideways movements, so keep an eye on the news.
7. Be Patient with Declining Coins
If a coin with a certain trading volume declines, don’t worry; holding patiently may allow for a return to break-even. It could take as short as 3-4 days or as long as a month. If you have extra funds, consider buying in batches to speed up recovery, unless it’s a worthless coin.
8. Stick to Long-term Spot Trading
Engaging in spot trading, holding the same coins long-term with less trading, often yields greater returns than frequent trading; it just depends on your patience.
9. Pay Attention to External Influencing Factors
The crypto market is volatile due to various influencing factors, such as countries' attitudes towards cryptocurrencies, which may lead to declines if negative; U.S. financial policies, such as rumors about taxes on the wealthy; and opinions from influential figures in the crypto space, like comments from Musk. Stay informed with financial news.
10. Maintain a Good Mindset While Trading Coins
Having the right mindset while trading coins is crucial; don’t panic during significant declines, and don’t become arrogant during significant rises; securing your profits is key.
Is it feasible to become rich by trading coins?
In the crypto world, achieving financial freedom and class advancement must adhere to the iron laws of the market: The top ten points for becoming wealthy through trading coins.
1. Keep a Close Eye on Bitcoin Trends
In the crypto world, Bitcoin often leads the rise and fall. While Ethereum can sometimes perform independently, most altcoins are influenced by it.
2. Pay Attention to the Relationship Between Bitcoin and USDT
Bitcoin and USDT often move in opposite directions. When USDT rises, be cautious as Bitcoin may fall; when Bitcoin rises, it’s an opportunity to buy USDT.
3. Seize Trading Opportunities in the Early Morning
From 12 AM to 1 AM, spike phenomena are common. Domestic coin traders can place low-price buy orders for their desired coins before sleeping and high-price sell orders, which may lead to pleasant surprises and easy profits.
4. Observe Morning Price Trends
From 6 AM to 8 AM each day is a key time to determine whether to buy or sell. If there is a continuous decline from 12 AM to 6 AM, and it continues to fall, it’s advisable to buy or add to positions, as there’s a good chance of a rise that day; if there is a continuous rise, and it continues to rise, it’s advisable to sell, as there’s a high probability of a decline that day.
5. Pay Attention to Afternoon Volatility
Particularly at 5 PM, special attention is needed because of time differences, as US traders begin to operate, which may trigger price fluctuations. Many significant rises and falls occur at this time.
6. Be Cautious of “Black Friday”
There is a term “Black Friday” in the crypto world; while there may be significant drops on Fridays, there can also be large rises or sideways movements, so keep an eye on the news.
7. Be Patient with Declining Coins
If a coin with a certain trading volume declines, don’t worry; holding patiently may allow for a return to break-even. It could take as short as 3-4 days or as long as a month. If you have extra funds, consider buying in batches to speed up recovery, unless it’s a worthless coin.
8. Stick to Long-term Spot Trading
Engaging in spot trading, holding the same coins long-term with less trading, often yields greater returns than frequent trading; it just depends on your patience.
9. Pay Attention to External Influencing Factors
The crypto market is volatile due to various influencing factors, such as countries' attitudes towards cryptocurrencies, which may lead to declines if negative; U.S. financial policies, such as rumors about taxes on the wealthy; and opinions from influential figures in the crypto space, like comments from Musk. Stay informed with financial news.
10. Maintain a Good Mindset While Trading Coins
Having the right mindset while trading coins is crucial; don’t panic during significant declines, and don’t become arrogant during significant rises; securing your profits is key.
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Once newcomers in the crypto world master these iron rules, they will establish themselves in the crypto space, and their trading career will soar as if they were playing a game with cheats!
In the turbulent sea of the crypto world, true experts do not rely solely on technology to stand out but rather on a profound understanding of market rules and strict adherence to them. These are the six iron rules I have always followed, shared with those destined to receive it, so you too can navigate the path of crypto trading like a fish in water, easily managing risks!
1: Market fluctuations are unpredictable, mindset is key: Don’t hastily declare a peak when prices are rising, and don’t assert a bottom when prices are falling. Just as whether Bitcoin can reach $150,000 will only be revealed when the market goes crazy. What you think is the bottom may just be a brief stop; the true bottom is always unfathomable.
2: Build positions in batches, stability is key: Experts never rush to build positions; they control each buy or sell to within one percent. This strategy allows them more opportunities for trial and error, lower costs, and reduced risks.
3: Dare to chase highs, achieve the extraordinary: In the crypto world, those who fear highs are doomed. One must understand that the cost for major players in a cryptocurrency is far from simple; promotional costs, chip costs, development costs, etc., are all multiples, even tens of times the investment. Therefore, daring to chase highs is essential to seize real opportunities.
4: A bull market is a chance not to be missed: A bull market is the only opportunity for a turnaround. Just like Buffett, no matter how smart he is, missing a bull market means he can only wait quietly in a bear market. Therefore, in the crypto world, seizing a bull market is seizing the key to wealth.
5: Technical indicators are for reference only: Technical indicators often have a lagging characteristic; they can only serve as references rather than the main basis for buying and selling. While technical indicators may look good during a strong uptrend, prices are already high, so chasing prices requires caution.
6: Full of confidence, unafraid of the market: True crypto trading experts are filled with confidence; they have experienced losses but have never been defeated. Because they firmly believe they will eventually conquer the market, this belief is the key to their success.
Trading in crypto is not only a contest of skills and luck but also a test of mindset and wisdom. Only those who master and strictly adhere to these iron rules can stand undefeated in the crypto world!
In the turbulent sea of the crypto world, true experts do not rely solely on technology to stand out but rather on a profound understanding of market rules and strict adherence to them. These are the six iron rules I have always followed, shared with those destined to receive it, so you too can navigate the path of crypto trading like a fish in water, easily managing risks!
1: Market fluctuations are unpredictable, mindset is key: Don’t hastily declare a peak when prices are rising, and don’t assert a bottom when prices are falling. Just as whether Bitcoin can reach $150,000 will only be revealed when the market goes crazy. What you think is the bottom may just be a brief stop; the true bottom is always unfathomable.
2: Build positions in batches, stability is key: Experts never rush to build positions; they control each buy or sell to within one percent. This strategy allows them more opportunities for trial and error, lower costs, and reduced risks.
3: Dare to chase highs, achieve the extraordinary: In the crypto world, those who fear highs are doomed. One must understand that the cost for major players in a cryptocurrency is far from simple; promotional costs, chip costs, development costs, etc., are all multiples, even tens of times the investment. Therefore, daring to chase highs is essential to seize real opportunities.
4: A bull market is a chance not to be missed: A bull market is the only opportunity for a turnaround. Just like Buffett, no matter how smart he is, missing a bull market means he can only wait quietly in a bear market. Therefore, in the crypto world, seizing a bull market is seizing the key to wealth.
5: Technical indicators are for reference only: Technical indicators often have a lagging characteristic; they can only serve as references rather than the main basis for buying and selling. While technical indicators may look good during a strong uptrend, prices are already high, so chasing prices requires caution.
6: Full of confidence, unafraid of the market: True crypto trading experts are filled with confidence; they have experienced losses but have never been defeated. Because they firmly believe they will eventually conquer the market, this belief is the key to their success.
Trading in crypto is not only a contest of skills and luck but also a test of mindset and wisdom. Only those who master and strictly adhere to these iron rules can stand undefeated in the crypto world!
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In the past year, UXLINK has achieved outstanding results in multiple areas. First, in innovation and development, UXLINK launched the world's first Social Growth Layer (SGL), achieving unified connections across various social platforms such as Telegram and Twitter, simplifying user interactions. Additionally, the pioneering Link-to-Earn model transforms social relationships into Web3 assets, creating new economic opportunities for users. At the same time, the decentralized group mechanism has injected new vitality into the development of social platforms.
In terms of user growth and influence, UXLINK's registered users skyrocketed from 1 million to 40 million, covering over 100 countries, with more than 300 ecosystem partners, demonstrating its strong market influence. The platform has achieved over 10 million USDT in net profit, further validating the success of its business model.
Regarding token performance, the $UXLINK token has been listed on over 30 exchanges, with an average daily trading volume of $250 million, firmly ranking among the leaders in the Web3 social space. These achievements not only reflect UXLINK's strength but also benefit from the collective efforts of the global community.
Looking ahead to 2025, UXLINK released its New Year wishes for 2025: launching the testnet, Social PayFi, and the UXLINK credit card, making continued growth and empowering $UXLINK a top priority. As a leading project in the social sector, UXLINK has immense potential.
In terms of user growth and influence, UXLINK's registered users skyrocketed from 1 million to 40 million, covering over 100 countries, with more than 300 ecosystem partners, demonstrating its strong market influence. The platform has achieved over 10 million USDT in net profit, further validating the success of its business model.
Regarding token performance, the $UXLINK token has been listed on over 30 exchanges, with an average daily trading volume of $250 million, firmly ranking among the leaders in the Web3 social space. These achievements not only reflect UXLINK's strength but also benefit from the collective efforts of the global community.
Looking ahead to 2025, UXLINK released its New Year wishes for 2025: launching the testnet, Social PayFi, and the UXLINK credit card, making continued growth and empowering $UXLINK a top priority. As a leading project in the social sector, UXLINK has immense potential.
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📢《Bit Star War》opens grandly on November 6th, shocking arrival!
🎮 Highly recommended in Top 25 of Deep Wave Chain Games, Bitcoin mining elements + free-entry + reach level 6 to earn 6u, unlimited earnings activities, everyone has the chance to earn at least 6 dollars!
💸 Upcoming empowering NFTs that allow you to easily profit in the game! Don't hesitate any longer, come join us for an adventure!
Telegram group: http://t.me/BitstarW
Official Twitter: @BitstarW
Pre-download now to experience it first: http://bitstarwar.io/index
Explore the infinite excitement of 《Bit Star War》, seize the opportunity, and reap abundant rewards!🌟
#BitStarWar #bitstarw
🎮 Highly recommended in Top 25 of Deep Wave Chain Games, Bitcoin mining elements + free-entry + reach level 6 to earn 6u, unlimited earnings activities, everyone has the chance to earn at least 6 dollars!
💸 Upcoming empowering NFTs that allow you to easily profit in the game! Don't hesitate any longer, come join us for an adventure!
Telegram group: http://t.me/BitstarW
Official Twitter: @BitstarW
Pre-download now to experience it first: http://bitstarwar.io/index
Explore the infinite excitement of 《Bit Star War》, seize the opportunity, and reap abundant rewards!🌟
#BitStarWar #bitstarw
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After much anticipation, "Bit Star Wars" is officially scheduled to launch on November 6!
Top 25+ deep tide chain games + Bitcoin mining elements + free-entry + reach level 6 to receive 6u, full experience, let's go for that 6u!
Game Highlights:
🌌 Binance Chain strong support, allowing you to embark on a new chapter of chain game mining!
💰 Unlimited rewards activities, making it easy for you to earn big and enjoy the fun of gaming!
🎁 In the future, NFT elements will be introduced, allowing you to achieve profits while relaxing and having fun!
The pre-download channel is now fully open, hurry up and click to download, and be the first to experience this GameFi leader!👇
👉 Join now: http://bitstarwar.io/index
📍 Official Twitter account: @bitstarw
📍 Official Telegram group: http://t.me/BitstarW
Join together to embark on a new era of chain games, on November 6, "Bit Star Wars" awaits your conquest!✨
#BitStarWars #bitstarw
Top 25+ deep tide chain games + Bitcoin mining elements + free-entry + reach level 6 to receive 6u, full experience, let's go for that 6u!
Game Highlights:
🌌 Binance Chain strong support, allowing you to embark on a new chapter of chain game mining!
💰 Unlimited rewards activities, making it easy for you to earn big and enjoy the fun of gaming!
🎁 In the future, NFT elements will be introduced, allowing you to achieve profits while relaxing and having fun!
The pre-download channel is now fully open, hurry up and click to download, and be the first to experience this GameFi leader!👇
👉 Join now: http://bitstarwar.io/index
📍 Official Twitter account: @bitstarw
📍 Official Telegram group: http://t.me/BitstarW
Join together to embark on a new era of chain games, on November 6, "Bit Star Wars" awaits your conquest!✨
#BitStarWars #bitstarw
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Get the bargains, get the bargains! The pre-download of the blockchain game Bitstar War is open, and the rewards are full, waiting for you to get the bargains!
This is an SLG game based on Binance Chain, and pre-download has started now. The game combines the core gameplay of Bitcoin mining, bringing a unique mining machine trading and NFT reward experience, and the benefits are real and considerable!
🎉 Full of benefits, easy to get started
Newbies register to get 6U: Just a simple registration, you can get a 6U reward, allowing you to easily start your blockchain journey!
TG group benefits: https://t.me/BitstarW, get exclusive tasks and daily event updates, and make sure you don’t miss any profit opportunities!
📅 Important service launch information
The pre-download has been opened, and the official service launch time is November 6. Hurry up and join the TG group, follow the official Twitter @BitstarW to get the latest event information, and be the first to experience the new blockchain game experience brought by Bitstar War!
This is an SLG game based on Binance Chain, and pre-download has started now. The game combines the core gameplay of Bitcoin mining, bringing a unique mining machine trading and NFT reward experience, and the benefits are real and considerable!
🎉 Full of benefits, easy to get started
Newbies register to get 6U: Just a simple registration, you can get a 6U reward, allowing you to easily start your blockchain journey!
TG group benefits: https://t.me/BitstarW, get exclusive tasks and daily event updates, and make sure you don’t miss any profit opportunities!
📅 Important service launch information
The pre-download has been opened, and the official service launch time is November 6. Hurry up and join the TG group, follow the official Twitter @BitstarW to get the latest event information, and be the first to experience the new blockchain game experience brought by Bitstar War!
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Bitstar Wars is finally online! A product that has been meticulously polished over five years, waiting for you to experience!
Last year, it was rated as one of the top 25 blockchain games by Deep Tide, and now the server is live with unlimited rewards activities. Participate in the game to earn at least $6 in rewards, along with various leaderboard activities for prizes.
In the future, we will issue NFT empowerment, which is completely different from the previous pay-to-play blockchain games, and the playability has been refined through multiple versions; it's a must-have for relaxation and can also earn money.
Official Twitter: https://x.com/bitstarw
Learn more about welfare activities 👉🏻 t.me/BitstarW
Last year, it was rated as one of the top 25 blockchain games by Deep Tide, and now the server is live with unlimited rewards activities. Participate in the game to earn at least $6 in rewards, along with various leaderboard activities for prizes.
In the future, we will issue NFT empowerment, which is completely different from the previous pay-to-play blockchain games, and the playability has been refined through multiple versions; it's a must-have for relaxation and can also earn money.
Official Twitter: https://x.com/bitstarw
Learn more about welfare activities 👉🏻 t.me/BitstarW
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👉Fund security is directly related to the life and death of the public chain
Detailed explanation of the security of Merlin Chain and how to protect 3.5 billion funds#MerlinSwap#Web3 #BTC,#merlin#btcl2
👉Fund security is directly related to the life and death of the public chain. As an emerging and growing Layer 2, Merlin Chain has invested absolute resources in security since the first day of its birth, and has continued to increase its investment even after achieving ecological success. After all, only Only by guarding the most basic line of security can we ensure the long-term and sustainable prosperity of the ecosystem.
👉It is reported that Merlin Chain plans to add Council Grants and Merlin Bug Bounty programs in the future to encourage any individual or team to find vulnerabilities and contribute to the ecological security of Merlin Chain.
Detailed explanation of the security of Merlin Chain and how to protect 3.5 billion funds#MerlinSwap#Web3 #BTC,#merlin#btcl2
👉Fund security is directly related to the life and death of the public chain. As an emerging and growing Layer 2, Merlin Chain has invested absolute resources in security since the first day of its birth, and has continued to increase its investment even after achieving ecological success. After all, only Only by guarding the most basic line of security can we ensure the long-term and sustainable prosperity of the ecosystem.
👉It is reported that Merlin Chain plans to add Council Grants and Merlin Bug Bounty programs in the future to encourage any individual or team to find vulnerabilities and contribute to the ecological security of Merlin Chain.
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🔮Merlin Chain 🧙♂️ is one of Bitcoin’s native second-layer networks that has exploded this year. It uses a series of security measures to protect the security of its US$3.5 billion in funds.
1⃣The architecture design is layered to ensure security and transparency:
- Adopt a decentralized Oracle system to decentralize power and data transparency to resist single points of failure.
- Support diversified asset pledges to improve flexibility and risk resistance.
- Provides proxy staking options and real-time monitoring, as well as a flexible exit mechanism.
2⃣Share DA layer security with Celestia
- Ensure verifiable release of block data through the Celestia data availability layer, enhancing the transparency and trustworthiness of the network.
3⃣ One-level verification, inheriting the security of Bitcoin
- Propose a solution for aggregating zero-knowledge proofs and writing data to the Bitcoin mainnet based on Taproot to ensure that the data is anchored in Bitcoin and cannot be tampered with.
4⃣Asset Management
- Assets are managed by Cobo's MPC wallet, and measures such as hot and cold wallet isolation are used to ensure security.
- Cobo's private key encryption and sharding technology achieve institutional-level security and avoid the impact of single points of failure.
5⃣Join well-known security teams and third-party platforms to protect
- Merlin Chain established a security committee to cooperate with multiple security companies to audit ecological projects.
- Use independent platforms such as mistTrack for on-chain monitoring to ensure the security of Merlin’s funds.
Merlin Chain attaches great importance to capital security and multiple security protection measures to provide strong protection for its ecological projects and users, ensuring that the life and death of the public chain is closely related to capital security. By continuously strengthening security measures and encouraging community participation, Merlin Chain is committed to building a robust and secure blockchain ecosystem!
1⃣The architecture design is layered to ensure security and transparency:
- Adopt a decentralized Oracle system to decentralize power and data transparency to resist single points of failure.
- Support diversified asset pledges to improve flexibility and risk resistance.
- Provides proxy staking options and real-time monitoring, as well as a flexible exit mechanism.
2⃣Share DA layer security with Celestia
- Ensure verifiable release of block data through the Celestia data availability layer, enhancing the transparency and trustworthiness of the network.
3⃣ One-level verification, inheriting the security of Bitcoin
- Propose a solution for aggregating zero-knowledge proofs and writing data to the Bitcoin mainnet based on Taproot to ensure that the data is anchored in Bitcoin and cannot be tampered with.
4⃣Asset Management
- Assets are managed by Cobo's MPC wallet, and measures such as hot and cold wallet isolation are used to ensure security.
- Cobo's private key encryption and sharding technology achieve institutional-level security and avoid the impact of single points of failure.
5⃣Join well-known security teams and third-party platforms to protect
- Merlin Chain established a security committee to cooperate with multiple security companies to audit ecological projects.
- Use independent platforms such as mistTrack for on-chain monitoring to ensure the security of Merlin’s funds.
Merlin Chain attaches great importance to capital security and multiple security protection measures to provide strong protection for its ecological projects and users, ensuring that the life and death of the public chain is closely related to capital security. By continuously strengthening security measures and encouraging community participation, Merlin Chain is committed to building a robust and secure blockchain ecosystem!
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Why is Merlin so popular?
Merlin Chain has attracted much attention recently, but it has also encountered various rumors and doubts. However, it was no accident that Merlin was able to achieve what he is today. The long-term silent hard work and continuous innovation in the Bitcoin ecosystem, as well as the strong support of the community, have laid the foundation for its success. Win-win cooperation with other public chains, as well as a solid financing and security foundation, are also important factors for its development.
The success of Merlin Chain does not come from short-term hype, but is built on community trust and recognition of the essence of the project. Behind its rapid development is the team’s long-term efforts and deep understanding of the Bitcoin ecosystem. By continuously building products and interacting with developers and users in the community, Merlin Chain found its position in the Layer 2 field and successfully united the power of the Bitcoin community.
The rise of Merlin Chain clearly demonstrates its long-term deep involvement in the Bitcoin ecosystem. From the release of the BRC-420 protocol to the launch of Bitmap Explorer to the announcement of Merlin Chain, Bitcoin’s second layer network, every step has been carefully considered. The team's innovative spirit and keen market insight enable Merlin Chain to quickly establish a strong application ecosystem and user base.
The development of Merlin Chain has not only received widespread attention from the community, but also received support from a number of top investment institutions. In terms of ensuring the security of funds, Merlin Chain has cooperated with a number of security companies to establish the Merlin Security Council, which provides guarantee for the steady development of the Merlin ecosystem.
In general, the success of Merlin Chain is inseparable from the team's efforts, community support and understanding of the Bitcoin ecosystem. As a new force in the Bitcoin ecosystem, Merlin Chain is attracting more attention and recognition with its unique charm.
There must be a reason why Merlin has developed so far. I have also discovered that many people are spreading rumors recently. In fact, you can study the content on Merlin and it will definitely change your mind.
#Merlin
Merlin Chain has attracted much attention recently, but it has also encountered various rumors and doubts. However, it was no accident that Merlin was able to achieve what he is today. The long-term silent hard work and continuous innovation in the Bitcoin ecosystem, as well as the strong support of the community, have laid the foundation for its success. Win-win cooperation with other public chains, as well as a solid financing and security foundation, are also important factors for its development.
The success of Merlin Chain does not come from short-term hype, but is built on community trust and recognition of the essence of the project. Behind its rapid development is the team’s long-term efforts and deep understanding of the Bitcoin ecosystem. By continuously building products and interacting with developers and users in the community, Merlin Chain found its position in the Layer 2 field and successfully united the power of the Bitcoin community.
The rise of Merlin Chain clearly demonstrates its long-term deep involvement in the Bitcoin ecosystem. From the release of the BRC-420 protocol to the launch of Bitmap Explorer to the announcement of Merlin Chain, Bitcoin’s second layer network, every step has been carefully considered. The team's innovative spirit and keen market insight enable Merlin Chain to quickly establish a strong application ecosystem and user base.
The development of Merlin Chain has not only received widespread attention from the community, but also received support from a number of top investment institutions. In terms of ensuring the security of funds, Merlin Chain has cooperated with a number of security companies to establish the Merlin Security Council, which provides guarantee for the steady development of the Merlin ecosystem.
In general, the success of Merlin Chain is inseparable from the team's efforts, community support and understanding of the Bitcoin ecosystem. As a new force in the Bitcoin ecosystem, Merlin Chain is attracting more attention and recognition with its unique charm.
There must be a reason why Merlin has developed so far. I have also discovered that many people are spreading rumors recently. In fact, you can study the content on Merlin and it will definitely change your mind.
#Merlin
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