Professor-Y
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The security of Merlin Chain is beyond doubt
Currently, all assets in Merlin Chain are managed by Cobo's MPC wallet solution, which uses cold and hot wallet isolation and other measures to ensure that all funds in Merlin Chain cross-chain/locked positions are non-custodial and safe.
Cobo is a well-known digital asset custody service provider, and its founder Shenyu is well-known in the circle. Its MPC wallet solution uses advanced MPC technology to implement a threshold signature scheme to ensure that private key shards are generated, encrypted and distributed among multiple parties in a secure environment. All parties sign transactions together without exposing each other's private key shards or forming a complete private key.
When users use Merlin Chain's cross-chain/locked positions, the Bitcoin layer network funds transferred to the cross-chain bridge will enter the MPC custody address co-managed by Cobo and Merlin Chain for safekeeping. Any transaction requires Cobo and Merlin Chain to jointly implement the Merlin Chain pre-defined security risk control strategy before signing and releasing it, and any unilateral risk will not lead to asset leakage.
#Merlin #Merlin生态 #BTC、 #钱包安全
Currently, all assets in Merlin Chain are managed by Cobo's MPC wallet solution, which uses cold and hot wallet isolation and other measures to ensure that all funds in Merlin Chain cross-chain/locked positions are non-custodial and safe.
Cobo is a well-known digital asset custody service provider, and its founder Shenyu is well-known in the circle. Its MPC wallet solution uses advanced MPC technology to implement a threshold signature scheme to ensure that private key shards are generated, encrypted and distributed among multiple parties in a secure environment. All parties sign transactions together without exposing each other's private key shards or forming a complete private key.
When users use Merlin Chain's cross-chain/locked positions, the Bitcoin layer network funds transferred to the cross-chain bridge will enter the MPC custody address co-managed by Cobo and Merlin Chain for safekeeping. Any transaction requires Cobo and Merlin Chain to jointly implement the Merlin Chain pre-defined security risk control strategy before signing and releasing it, and any unilateral risk will not lead to asset leakage.
#Merlin #Merlin生态 #BTC、 #钱包安全
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Merlin Chain protects 3.5 billion yuan of funds
Fund security is directly related to the survival of the public chain
A detailed explanation of the security of Merlin Chain and how it protects 3.5 billion yuan of 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 successively released major updates, hundreds of millions of US dollars of liquidity poured in, and 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.
A detailed explanation of the security of Merlin Chain and how it protects 3.5 billion yuan of 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 successively released major updates, hundreds of millions of US dollars of liquidity poured in, and 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.
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