币圈暴富姐
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Meet the#blockchaindark horse🐎: Inscription Alliance
Shine at the ✨Consensus 2024 conference and conquer the ▶️SFT track as a dark horse.
The world's 🌍first aggregated cross-chain inscription ＄BTIA will soon be minted🎉, so stay tuned. For more news, please follow the official Twitter: @inscripalliance
Shine at the ✨Consensus 2024 conference and conquer the ▶️SFT track as a dark horse.
The world's 🌍first aggregated cross-chain inscription ＄BTIA will soon be minted🎉, so stay tuned. For more news, please follow the official Twitter: @inscripalliance
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Fund security is directly related to the survival of the public chain Detailed explanation of Merlin Chain's security 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 US dollars within 30 days of its launch, attracting more than 200 projects to enter the construction. After Merlin launched the second-layer mapping assets, many ecological projects released major updates one after another, and hundreds of millions of US dollars of liquidity poured in. The unprecedented popularity once caused congestion in the Bitcoin network. However, if an ecosystem undertakes billions of dollars of funds, in addition to bringing prosperity to the ecology and liquidity, it also means being exposed to the dangerous dark forest of blockchain.
How Merlin Chain can ensure 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 taken security into consideration in every aspect of its architecture design, and has cooperated with multiple security teams such as SlowMist, and added layers of plug-ins to jointly build a solid defense line for fund security.
How Merlin Chain can ensure 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 taken security into consideration in every aspect of its architecture design, and has cooperated with multiple security teams such as SlowMist, and added layers of plug-ins to jointly build a solid defense line for fund security.
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The security of funds is the determining factor for the success of a public chain. Merlin Chain provides solid protection for huge funds with its innovative security mechanism. The following are its main measures:
1. Decentralized Oracle: Adopting a multi-token staking Oracle node system, it effectively defends against single point failures and centralized risks by decentralizing power and making data transparent.
2. Diversified asset support: Supports staking of mainstream BRC20 assets such as $BTC and $MERL, increasing the flexibility and risk resistance of the system.
3. Proxy staking and real-time monitoring: Providing proxy staking options and real-time monitoring functions, allowing users to flexibly manage assets while understanding the staking status.
4. Sharing DA layer security with Celestia: Celestia ensures data availability and enhances the transparency and credibility of the network.
5. Verification to Bitcoin layer: Using Taproot technology, all data is submitted to the Bitcoin network for security verification, inheriting Bitcoin's high security standards.
6. Asset management: Cooperating with Cobo, adopting MPC wallet solutions for asset management, providing institutional-level security.
7. Joint security team: Cooperate with multiple security companies to establish the Merlin Security Committee to jointly maintain the security of ecological projects.
8. On-chain monitoring: Support third-party independent platforms such as mistTrack to monitor on-chain data and increase transparency.
Through these comprehensive measures, Merlin Chain has not only established a solid security foundation for itself, but also provided a line of defense for the entire ecosystem, ensuring the safety of $3.5 billion in funds. In the future, Merlin Chain plans to further strengthen security measures, and through the establishment of additional funds and bounty programs, it will encourage community members to participate in security maintenance and ensure the long-term prosperity of the public chain ecosystem.
#MerlinSwap #Merlinchain #Merlin
1. Decentralized Oracle: Adopting a multi-token staking Oracle node system, it effectively defends against single point failures and centralized risks by decentralizing power and making data transparent.
2. Diversified asset support: Supports staking of mainstream BRC20 assets such as $BTC and $MERL, increasing the flexibility and risk resistance of the system.
3. Proxy staking and real-time monitoring: Providing proxy staking options and real-time monitoring functions, allowing users to flexibly manage assets while understanding the staking status.
4. Sharing DA layer security with Celestia: Celestia ensures data availability and enhances the transparency and credibility of the network.
5. Verification to Bitcoin layer: Using Taproot technology, all data is submitted to the Bitcoin network for security verification, inheriting Bitcoin's high security standards.
6. Asset management: Cooperating with Cobo, adopting MPC wallet solutions for asset management, providing institutional-level security.
7. Joint security team: Cooperate with multiple security companies to establish the Merlin Security Committee to jointly maintain the security of ecological projects.
8. On-chain monitoring: Support third-party independent platforms such as mistTrack to monitor on-chain data and increase transparency.
Through these comprehensive measures, Merlin Chain has not only established a solid security foundation for itself, but also provided a line of defense for the entire ecosystem, ensuring the safety of $3.5 billion in funds. In the future, Merlin Chain plans to further strengthen security measures, and through the establishment of additional funds and bounty programs, it will encourage community members to participate in security maintenance and ensure the long-term prosperity of the public chain ecosystem.
#MerlinSwap #Merlinchain #Merlin
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New currency is online, don’t miss it! On March 28th, the WDC public chain mainnet will be launched. The AI+blockchain concept and the gold standard gas fee are probably very popular. If you take a gamble, you may be rich!
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