Merlin Chain Sets New Standard for Blockchain Security and Innovation with State-of-the-Art Chain Architecture

Merlin
Chain,
a
trailblazer
in
Bitcoin-native
layer
2
(L2)
protocols,
has
rolled
out
a
comprehensive
suite
of
security
measures
alongside
revolutionary
chain
architecture.
This
initiative
follows
the
platform’s
remarkable
achievement
of
securing
a
$3.5
billion
Total
Value
Locked
(TVL)
just
30
days
after
its
mainnet
launch,
attracting
an
impressive
cohort
of
over
200
projects
to
its
rapidly
expanding
ecosystem.

At
the
heart
of
Merlin
Chain’s
ethos
is
a
steadfast
commitment
to
robust
security,
a
principle
that
has
guided
the
platform
since
its
inception.
By
forging
alliances
with
premier
security
experts,
Merlin
Chain
has
meticulously
crafted
a
secure
haven
for
user
assets,
effectively
shielding
them
against
a
myriad
of
potential
threats.

A
New
Era
of
Blockchain
Technology
and
Architecture

Merlin
Chain
is
redefining
the
blockchain
landscape
with
its
avant-garde
architecture,
which
incorporates
a
multi-tiered
system
that
bolsters
security,
scalability
and
transparency.
The
platform’s
innovative
structure
is
underscored
by
a
decentralized
oracle
network
—a
system
that
provides
a
blockchain
with
external
data.
Merlin
Chain’s
model
not
only
democratizes
power
but
also
enhances
asset
diversification
and
risk
mitigation,
significantly
solidifying
the
ecosystem’s
robustness.

Central
to
Merlin
Chain’s
technological
breakthroughs
is
the
strategic
deployment
of
sequence
nodes
within
its
oracle
network.
Nodes
are
devices
on
a
blockchain
that
maintain
a
copy
of
the
network’s
ledger
and
participate
in
consensus.
Nodes
play
a
pivotal
role
in
orchestrating
transaction
collection
and
batch
processing.
Through
the
generation
of
compressed
transaction
data
and
zero-knowledge
(ZK)
proofs,
Merlin
Chain
achieves
a
previously
unattainable
level
of
transparency
and
security
by
securely
anchoring
this
information
onto
Bitcoin’s
Taproot.

ZK
proofs
are
cryptographic
methods
that
allow
one
party
to
prove
to
another
that
a
statement
is
true
without
revealing
any
information
beyond
the
validity
of
the
statement
itself.
Bitcoin’s
Taproot,
on
the
other
hand,
is
an
upgrade
that
improves
privacy
and
efficiency
on
the
Bitcoin
network
by
combining
multiple
signatures
and
complex
smart
contracts
into
a
single,
making
transactions
more
private
and
lighter
in
terms
of
data.

Strategic
Collaborations
to
Elevate
the
Network’s
Trustworthiness

In
its
quest
for
uncompromised
data
integrity,
Merlin
Chain
has
entered
into
a
strategic
collaboration
with
Celestia,
utilizing
it
as
its
Data
Availability
Layer.
With
the
partnership,
the
platform
ensures
the
verifiable
publication
of
block
data,
dramatically
elevating
the
network’s
transparency
and
trustworthiness.
Celestia’s
commitment
to
public
data
availability
serves
as
a
cornerstone
for
maintaining
data
integrity
and
consistency
across
Merlin
Chain,
effectively
forestalling
data
withholding
attacks
and
facilitating
seamless
transactions
for
users.

Merlin
Chain’s
adoption
of
a
Taproot-based
solution
for
integrating
aggregate
ZK
proofs
with
the
Bitcoin
mainnet
marks
a
significant
milestone
in
securing
L2
data.
The
platform’s
ingenious
approach
not
only
capitalizes
on
Bitcoin’s
stringent
security
protocols
but
also
enhances
the
scalability
and
operational
efficiency
of
L2
processing,
firmly
rooting
data
immutability
in
the
bedrock
of
Bitcoin’s
security
paradigm.

The
alliance
with Cobo heralds
a
new
frontier
in
asset
security
within
the
Merlin
Chain
ecosystem,
bringing
to
the
fore
an
advanced
multi-party
computation
(MPC)
wallet
that
eliminates
the
need
for
a
single
point
of
control.
The
wallet
solution
leverages
state-of-the-art
technology
to
achieve
an
unprecedented
level
of
security
through
cold-hot
wallet
isolation
and
secure
asset
custody,
emblematic
of
Merlin
Chain’s
pursuit
of
institutional-level
security
measures.

Moreover,
Merlin
Chain’s
establishment
of
the
Merlin
Security
Council,
in
partnership
with
leading
security
firms,
represents
a
proactive
approach
to
ecosystem
protection.
The
council
boasts
renowned
names
like Slowmist, BlockSec, Salus, Secure3, ScaleBit and Revoke.Cash,
among
others.
The
platform
also
aims
to
attract
more
white-hat
hackers
and
DApps
to
join
its
decentralized
organization.

Charting
the
Future
of
Blockchain
with
Community
Engagement

By
integrating
third-party
platforms
for
on-chain
monitoring,
Merlin
Chain
empowers
its
users
with
real-time
visibility
into
the
ecosystem’s
security
posture,
fostering
a
culture
of
transparency
and
trust.
The
forthcoming
introduction
of
Council
Grants
and
the
Merlin
Bug
Bounty
program
is
a
testament
to
Merlin
Chain’s
forward-thinking
strategy,
inviting
community
engagement
in
fortifying
the
ecosystem’s
security
infrastructure.

About
Merlin
Chain:

Merlin
Chain is
a
pioneering
BTC
layer
2
solution
that
leverages
the
strength
of
the
Bitcoin
ecosystem
to
foster
innovation,
collaboration,
and
growth.
With
a
strong
foundation
in
community-driven
assets
and
a
strategic
approach
to
ecosystem
expansion,
Merlin
Chain
is
committed
to
driving
the
future
of
Bitcoin-native
innovation.

Contact:

Twitter:

https://twitter.com/MerlinLayer2
Discord:

https://discord.gg/merlinchain
Telegram:

https://t.me/merlin_chain

Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.