Merlin Chain, a pioneer in Bitcoin-native layer 2 (L2) protocols, has unveiled an array of security enhancements alongside groundbreaking chain architecture. This development comes on the heels of Merlin Chain’s achievement of securing a Total Value Locked (TVL) of $3.5 billion within just 30 days of its mainnet launch, attracting over 200 projects to its burgeoning ecosystem.
At the core of Merlin Chain’s philosophy lies an unwavering dedication to robust security, a principle that has guided its operations from inception. Through strategic partnerships with leading security experts, Merlin Chain has meticulously crafted a secure environment for user assets, safeguarding them against various potential threats.
Redefining the blockchain landscape, Merlin Chain’s innovative architecture features a multi-tiered system that reinforces security, scalability, and transparency. Central to this structure is a decentralized oracle network, which furnishes the blockchain with external data, democratizing power and enhancing asset diversification and risk management.
Merlin Chain’s collaboration with Celestia for its Data Availability Layer underscores its commitment to data integrity. By ensuring verifiable publication of block data, this partnership significantly enhances the network’s transparency and reliability, preempting data withholding attacks and facilitating seamless transactions.
In a significant move towards data security, Merlin Chain has adopted a Taproot-based solution for integrating aggregate ZK proofs with the Bitcoin mainnet. This approach not only leverages Bitcoin’s robust security protocols but also boosts scalability and operational efficiency, anchoring data immutability in Bitcoin’s security paradigm.
The alliance with Cobo introduces an advanced multi-party computation (MPC) wallet, eliminating single points of control and enhancing asset security through cold-hot wallet isolation and secure custody. This partnership reflects Merlin Chain’s commitment to institutional-level security measures.
Furthermore, Merlin Chain’s establishment of the Merlin Security Council, in collaboration with leading security firms, exemplifies its proactive stance on ecosystem protection. Boasting names like Slowmist, BlockSec, and others, the council aims to attract white-hat hackers and DApps to bolster the platform’s security framework.
By integrating third-party platforms for on-chain monitoring, Merlin Chain empowers users with real-time visibility into the ecosystem’s security posture, fostering transparency and trust. The upcoming Council Grants and Merlin Bug Bounty program further demonstrate Merlin Chain’s proactive strategy, inviting community participation in enhancing security infrastructure.