Merlin reached a staggering TVL of US$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. Prospering ecology and liquidity also means being exposed to the dangerous dark forest of blockchain.

According to the "Hack3d: 2023 Annual Web3.0 Security Report" released by CertiK, a total of 751 security incidents occurred in the Web3.0 field in 2023, causing asset losses of US$1.84 billion.

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@MerlinLayer2 How to ensure the safety of funds?

Merlin Chain now creates world-class security protection through the following three important details🛡️👇

📌The architectural design is layered to ensure security and 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.

📌Asset management: Institutional-level security is achieved through the Cobo coordination mechanism

@Cobo_Global is a well-known digital asset custody service provider, and its founder Shenyu is well-known in the industry. Merlin Chain's assets are managed by Cobo's MPC wallet solution, using hot and cold wallet isolation and other measures to ensure that all cross-chain/locked funds in Merlin Chain are non-custodial and safe.

📌Join well-known security teams and third-party platforms to protect

Merlin Security Council was established in conjunction with a number of security companies, including the famous Slowmist. The "Blockchain Dark Forest Self-Rescue Manual" published by founder Yu Xian in 2022 is widely circulated in the circle, as well as BlockSec, Salus, Secure3 , ScaleBit, RevokeCash and many other well-known security teams, the committee is used to fund research, education and technology development, and encourages more white hats and dApps to join this decentralized organization to protect Merlin’s subsequent ecological development and construction, allowing users to Be able to safely participate in the Merlin ecological project.

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In summary, Merlin's fund security management system fully meets everyone's standards. In the future, we will welcome more funds to flow in, and TVL will grow explosively! I have to say that Merlin has a mature team and has done a great job in security awareness! To quote a saying, "Don't be afraid of ten thousand, just be prepared for one", the security measures that are prepared for a rainy day are really great! #Merlin生态 #Merlinchain $Voya $ENA

For more information, please click on the following article 👇

m.theblockbeats.info/news/52665