Why are so many people optimistic about Merlin Chain? ?
✅Merlin Chain 🧙♂️ is one of the most popular Bitcoin native second-layer networks. It uses a series of security measures to ensure the security of its $3.5 billion in funds
1⃣Architecture design layer by layer to ensure security and transparency:
- Adopt a decentralized Oracle system to disperse power and data transparency to resist single point failures.
- Support diversified asset pledges to improve flexibility and risk resistance.
- Provide proxy pledge options and real-time monitoring, as well as a flexible exit mechanism.
2⃣ Share DA layer security with Celestia
- Ensure the verifiable release of block data through the Celestia data availability layer, and enhance the transparency and credibility of the network.
3⃣ Verify to the first layer and inherit the security of Bitcoin
- Propose a solution based on Taproot-based aggregated zero-knowledge proof and data writing to the Bitcoin mainnet to ensure that data is anchored in Bitcoin and cannot be tampered with.
4⃣Asset management
- Assets are managed by Cobo's MPC wallet, and measures such as cold and hot 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 point failures.
5⃣Join hands with well-known security teams and third-party platforms to provide joint protection
- Merlin Chain has established a security committee and cooperated 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's high attention to fund security and multiple security protection measures provide strong protection for its ecological projects and users, ensuring that the survival of the public chain is closely related to fund security. By continuously strengthening security measures and encouraging community participation, Merlin Chain is committed to building a robust and secure blockchain ecosystem
#Merlin生态 Ecology #Meme #MerlinSwap
