Today, in the overwhelming advanced world of blockchain technology, Merlin Chain has honored itself by being the first to set new standards in both security and innovation through its modern architecture, and it will surely continue to astound the global community of investors and technology enthusiasts.
This performance has reached the previous success of the TVL secured by the mainnet at the amount of $3.5 billion after one month of its launch which has encircled more than 200 projects into its ecosystem. Fundamentally, Merlin Chain focuses on a highly advanced security system that utilizes a multi-tier approach. The system, in turn, improves efficiency while it also maintains transparency intact to create a secure system using those that Bitcoin has already built.
Innovative design and smart partnerships
Aiming at a decentralized oracle network that facilitates a safety provisioning mechanism in minimizing risk of manipulation and concentration, Merlin Chain enriches assets range. This network obtains its consistency through sequence nodes that maintain transaction reports and reduce process goings. The key element of the Merlin Chain system is the usage of ZK proofs that is cryptographic breakthroughs that let one part prove the statement without revealing any personal information to another part. Thus web-based transactions will be very confidential and secure.
As well, Merlin Chain has greatly adopted the Taproot Bitcoin upgrade protocol (a more advanced form of Bitcoin transactions) which makes the transactions simpler and secure by combining all the multiple signatures and contracts into a single process. It not only takes advantage of Bitcoin’s well-known security features but also liberates the scope and efficiency of Layer 2 (L2) solutions, pushing the scale and efficiency to a new level yet retaining precise and immutable data security.
Besides this fall-back, Merlin relies on a Data Availability Layer known as Celestia which is another network responsible for data storage and backup. Through this collaboration, the organization assures the people that the published data is correct as their team of qualified and responsible individuals guarantees the publication of the block data, thus improving transparency and forbidding any form of data tampering, thus for the security of the network. Therefore, the overall efficiency of the online operation is improved.
Source: Merlin Chain
A reliable security tool for the community.
Merlin Chain specifically shows how it is strongly committed to security through the development of modern technologies and the implementation of projects that include the community. As such, it has adopted the notion of a multi-party computing (MPC) wallet which is via partnering with Cobo. It uses advanced software to stop the possibility of central control and hence the assets would be safe by a way process, the first one being only hot wallets that are less secure and the very secure ones already are being called cold wallets.
Moreover, towards this end, the formation of the Merlin Security Council with top security firms has shown that the Merlin Chain and its operations are consistently from threats. The council has joint efforts with the white-hat-encouraging initiatives and decentralized applications (DApps) and helps reinforce the security design.
While Council Grants and a Merlin Vulnerability Rewards Program are two more additional programs set out by Merlin Chain, the idea is to have the community actively involved in securing the network. With internal platforms used for real-time monitoring, Merlin Network internal network users will informably explore such a state of their safety system, which promotes transparency and develops trust.
Conclusion
Merlin Chain is doing a great job standing out from the crowd of blockchain businesses, it is due to the implementation of advanced security traits with optimized scalability and speed. It is not only about blocking the platform but as well making a milestone in the field of building for the future of blockchain technology. On the one hand, the Merlin Chain innovations are based on the stage of the blockchain revolution today, giving others a pattern to integrate high-security concerns with broad functionality. In the end, the blockchain world will be as safe and efficient as envisioned.
