Fund security is directly related to the survival of the public chain. As one of the hottest Bitcoin native second-layer networks today, Merlin Chain has attracted an astonishing total locked value (TVL) of $3.5 billion in just 30 days after its launch, and has attracted the construction of more than 200 projects. However, with it comes a severe challenge to fund security. How to ensure the security of this $3.5 billion fund has become the focus of urgent attention for all users.

Merlin Chain has taken a series of strict security measures to ensure the security of funds. First, in terms of architectural design, Merlin takes security into consideration and cooperates with multiple security teams such as SlowMist to build a secure and transparent system through layers of encryption such as decentralized Oracle, diversified asset support, proxy pledge, real-time monitoring and exit mechanisms.

Secondly, Merlin shares the security of the data storage layer (DA) with Celestia, and enhances the transparency and credibility of the network through the public data availability guarantee provided by Celestia, ensuring the verifiable release of block data.

In addition, Merlin adopts a solution based on Taproot's aggregated zero-knowledge proof and Rollup data writing to the Bitcoin mainnet, so that all second-layer data is submitted to Bitcoin's first layer for security verification, inheriting the security of Bitcoin.

In addition, Merlin's asset management adopts Cobo's co-management mechanism and uses its MPC wallet solution to achieve institutional-level security, free from the impact of private key single point failure.

Finally, Merlin established the Merlin Security Committee, cooperated with a number of security companies to audit ecological projects, and supported users to monitor their ecological security through third-party independent platforms, such as mistTrack.

In general, fund security is crucial to the survival of public chains. Merlin Chain not only invests a lot of resources in security and continues to increase it, but also encourages individuals and teams to discover vulnerabilities and contribute to ecological security to ensure the long-term prosperity of the ecology.

Mr. Wu’s insights are spot on!

The recent affirmation has made everyone confused. Will there be a break out of the plunge in the future? My personal opinion is not. Even if it is an adjustment, it will be a small adjustment. Just like the picture I drew before, it will follow a oscillating upward pattern. As for why, first of all, you can look at Figure 1. This is the holding volume of Bitcoin. Recently It has always been running at a low level, so there has been no death spiral plummet for a long time. This is the reason. Today, it is predicted that Ethereum may become stronger because the positions of Bitcoin and Ethereum are different. Everyone knows that Ethereum has been rubbish for a year and has become an outcast in the second half of the year. For the Air Force, the first choice for shorting is definitely Ethereum. On the one hand, it is because Ethereum is doing very poorly overall this year. On the other hand, because Ethereum is doing poorly, even if it pulls the market, it will not be very deep in an instant. Therefore, we can see from Figure 2 that the position of Ethereum is gradually rising, but the long-short ratio is very low, so This is most likely a trap set up for short sellers. Coupled with my recent market analysis, I personally feel that there will be no overall market crash in the future. It must be a short-selling behavior that should be done without falling, and then pull the market to harvest the air force.