Optimistic_

Fund security is directly related to the life and death of the public chain! ! #Merlin #Merlinchain #MerlinSwap #MerlinLayer2
Detailed explanation of the security of Merlin Chain and how to protect 3.5 billion funds
Merlin Chain is undoubtedly the hottest Bitcoin-native second-layer network at the moment. The mainnet reached an astonishing TVL of $3.5 billion within 30 days of its launch, attracting more than 200 projects to enter construction. After Merlin launched second-layer mapped assets, multiple ecological projects successively released major updates, and hundreds of millions of dollars of liquidity poured in. The unprecedented popularity once caused congestion on the Bitcoin network. But if an ecosystem takes on billions of funds, in addition to bringing a prosperous ecosystem and liquidity, it also means being exposed to the dangerous dark forest of blockchain.
How Merlin Chain ensures the security of 3.5 billion funds is a question that all users need to be concerned about. This article will analyze the security system of Merlin Chain. As an emerging BTC L2, Merlin has considered security in every aspect of its architecture design, and has joined forces with many security teams such as Slow Mist, adding layers of plug-ins to jointly ensure fund security. Build a solid line of defense.
The architecture design is layered to ensure security and transparency.
Decentralized Oracle: Resisting single points of failure through decentralized power and data transparency
Merlin Chain uses a multi-token pledge Oracle node system. The sequence node is responsible for collecting and batch processing transactions, generating compressed transaction data, ZK state roots and proofs. This data is compiled by the Oracle Network Execution Circuit and uploaded into Taproot on the Bitcoin mainnet, making it publicly accessible to the entire network.

Diversified assets: Supports the pledge of $BTC, $MERL and other mainstream BRC20 assets, improving flexibility and risk resistance.

Agent pledge: Not only allows users to directly pledge assets to become Oracle nodes, but also provides more flexible agent pledge options, allowing users to entrust assets to existing and reputable Oracle nodes for management

Real-time monitoring: Users can view their agent pledge status and income in real time, as well as the performance records of agent nodes

Exit mechanism: Provide a flexible exit mechanism, users can withdraw their assets at any time to ensure the liquidity of funds
By decentralizing power and data, Merlin Chain resists the risks of single points of failure and centralization.

Data: 5 new wallets funded by the same wallet withdrew 2,650 MKR from Binance, equivalent to approximately $9.94 million
ForesightNews reported that according to Lookonchain data, 9 hours ago, 5 new wallets withdrew 2,650 MKR (approximately $9.94 million) from Binance. These 5 new wallets were funded by the same wallet (starting with 0x3161).

#BTC #大盘走势 A market decline is a good thing, a very good thing. This will give us a golden period of time to lay out some B types in batches.
One logic is that liquidity comes first. The one with the best liquidity is Bian. Then focus on Binance, pay attention to the narrative that Binance focuses on, how much attention is paid to that narrative, and compare all projects horizontally. To a certain extent, all projects It can all be a meme.
In this market situation, Wall Street is also losing money. But these are all floating losses, and when they go up later, they become profits.
Don't worry about floating losses. Whether you make money from currency speculation depends on two criteria.
1. Your purchase price.
2. Your selling price.
Any fluctuations in the middle have nothing to do with the final profit or loss. $BTC