$BTC #MerlinSwap #MerlinStarter #Merlinchain #merlin #MerlinLayer2

The security of funds is directly related to the survival of the public chain, especially the popular Bitcoin native Layer2 network like Merlin Chain 🧙‍♂. This article will explore the security of Merlin Chain in depth and reveal how it ensures the security of $3.5 billion in funds.

As one of the most watched Bitcoin native Layer2 networks, Merlin Chain mainnet has attracted more than 200 projects to participate in the construction in just 30 days, with a TVL of $3.5 billion. However, such a huge ecosystem brings not only prosperity, but also potential risks. 📈💰

Merlin Chain adopts a multi-level security architecture to ensure the safety of funds:

1. **Decentralized Oracle:** Adopts a multi-token staking Oracle node system to resist single point failures through decentralized power and data transparency. Users can conduct real-time monitoring and flexible withdrawal to ensure the safety of funds. 🔒

2. **Share DA layer security with Celestia:** Celestia, as a data availability layer, provides public data availability guarantees, enhancing the transparency and credibility of the network. 🌐

3. **Verify to the first layer and inherit the security of Bitcoin:** Merlin Chain proposed a Taproot-based solution to submit the second-layer data to the Bitcoin first layer for security verification to ensure the safe processing of transactions and the tamper-proof storage of data. 🛡

4. **Asset management:** All funds across the chain/locked in Merlin Chain are managed by Cobo's MPC wallet solution, using cold and hot wallet isolation and other measures to ensure asset security. 💼

5. **Join well-known security teams and third-party platforms:** Merlin Chain has established a security committee, jointly audited ecological projects with many security companies, and supported third-party independent platforms for on-chain monitoring to ensure ecological security. 🤝

Fund security is the cornerstone of Merlin Chain's development. To this end, they not only strengthen technical protection, but also provide a rich reward program to encourage the discovery of vulnerabilities. The security of Merlin Chain is the guarantee of its continued prosperity, and also provides users with a safe participation experience. 🚀

Merlin Chain has recently become the focus of the crypto world, and its success is not accidental. Merlin has grown to where it is today due to the team's long-term efforts and continuous innovation in the Bitcoin ecosystem, the strong support of the community, and the win-win relationship with other public chains, as well as the support of a good financing and security foundation. Merlin Chain is a native Bitcoin Layer2, and its amazing achievements are not just from a short month, but from the team's continuous efforts in the Bitcoin ecosystem. Looking back, Merlin Chain's development in the Bitcoin ecosystem includes the release of the BRC-420 protocol, the launch of Bitmap Explorer, Blue Box and other important events, and finally the official announcement of the birth of Bitcoin's second-layer network Merlin Chain in January 2024. In addition to technological breakthroughs, Merlin Chain has also won the favor of the market with its strategy of uniting all parties and cooperating for win-win results. Compared with the competitive strategies adopted by other public chains, Merlin Chain chose to cooperate with public chains such as Ethereum, showing a side of oriental wisdom. This spirit of cooperation not only brings win-win results for both parties, but also sets a new example for the entire crypto world. In the construction of the application ecosystem, Merlin Chain has demonstrated outstanding capabilities. Merlin Chain has incubated many excellent projects around Bitcoin native users and assets, and quickly established a high-quality application ecosystem and user activity. In addition, Merlin Chain has led the integration and expansion of the Bitcoin ecosystem by encouraging native innovation, injecting new vitality into the prosperity and development of the ecosystem. In terms of financing and security, Merlin Chain has also performed well. It has assembled a strong financing lineup of more than 20 investment institutions, and has established a security committee to ensure the security and stability of the ecosystem, providing confidence and protection for users and investors.