Fund security is the key to the survival of the public chain. As a #BTC native second-layer network, #Merlinchain has attracted a total locked value (TVL) of 3.5 billion US dollars and more than 200 project constructions in a short period of time, becoming a hot spot. Faced with the huge scale of funds, a number of measures have been taken to ensure the security of funds:
1️⃣ Decentralized Oracle system: adopt multi-token staking and sequence nodes to process transactions, upload data to Taproot of the Bitcoin mainnet through the Oracle network, and ensure data transparency and decentralized power.
2️⃣ Diversified assets and proxy staking: support multiple asset staking, provide direct and proxy staking options, increase flexibility and risk prevention.
3️⃣ Shared data storage layer (DA) security with Celestia: ensure the verifiable release of block data and enhance network transparency and credibility.
4️⃣ Bitcoin security inheritance: through Taproot's aggregated zero-knowledge proof and data written to the Bitcoin mainnet, ensure the second-layer data security verification.
5️⃣Cobo co-management mechanism: Use Cobo's MPC wallet solution to achieve institutional-level security and ensure asset security.
6️⃣Join well-known security teams: Establish the Merlin Security Committee and cooperate with multiple security companies such as SlowMist to audit ecological projects and jointly ensure the security of funds.
7️⃣Support third-party monitoring: Through platforms such as mistTrack, users are allowed to monitor ecological security and improve transparency.
#Merlinchain Through these comprehensive measures, it provides solid security guarantees for its huge capital scale and ecological projects, ensuring the safety of user assets and the continued prosperity of the ecology. Firmly join the #Merlin ecosystem, the prospects are bright!
