🚀 Merlin Chain Partners With BitcoinOS To Enhance Cross-Chain Security
#MerlinChain #BitcoinOS #CrossChainSecurity #Bitcoin #ZKTechnology #SmartContracts #BlockchainInnovation #CryptoPartnership #OnChainAssets #ZeroKnowledgeProof
According to Odaily, Bitcoin's layer-2 network Merlin Chain has announced a strategic partnership with Bitcoin smart contract operating system BitcoinOS. This collaboration will leverage BitcoinOS's innovative BitSNARK technology to provide a more secure cross-chain solution, safeguarding over $2.5 billion in on-chain assets.
BitcoinOS, which showcased zero-knowledge proof technology at the Bitcoin Nashville Conference in July 2024, offers one of the most advanced solutions for cross-chain Bitcoin asset transactions. By integrating BitcoinOS, Merlin Chain aims to implement cross-chain solutions without relying on multi-signature or MPC, significantly enhancing the security and efficiency of cross-chain transactions.
This partnership sets a new standard for technological security within the Bitcoin ecosystem and marks a critical milestone in Merlin Chain's 2024 technology roadmap. Merlin Chain will continue to encourage native innovation and remain at the forefront of zero-knowledge (ZK) research, dedicated to creating a secure, transparent, and decentralized on-chain environment for users and the Bitcoin ecosystem.#MerlinChain #BitcoinOS #CrossChainSecurity #Bitcoin #ZKTechnology #SmartContracts #BlockchainInnovation #CryptoPartnership #OnChainAssets #ZeroKnowledgeProof
🚀 Ethereum Foundation Unveils Wallet Security Model at EthCC[9]
#EthereumFoundation #WalletSecurity #TrillionDollarSecurityPlan #1TS #WalletBeat #ClearSigning #SecurityMaturityModel #EthCC9 #CrossChainSecurity #DNSAttacks #EthereumSecurity #BlockchainSecurity #CryptoWallets #EthereumL1 #SecurityIncidents #CryptoLosses
Ethereum Foundation project manager Hester Bruikman presented updates on the 'Trillion Dollar Security Plan (1TS)' at the EthCC[9] conference. According to Foresight News, Bruikman detailed the WalletBeat wallet security maturity model, which evaluates wallets based on user security goals rather than a checklist of features. Wallets are categorized into four stages: Stage 0 lacks security measures; Stage 0.5 covers some features but still poses significant preventable loss risks; Stage 1 protects users from most common vulnerabilities; and Stage 2 safeguards assets in complex scenarios like cross-chain and DNS attacks.
Bruikman emphasized that the current focus of 1TS is on enhancing user experience security, particularly through advancing Clear Signing to eliminate blind signing practices. The WalletBeat grading standard is intended to pressure wallet manufacturers to upgrade their security measures. Additionally, Bruikman revealed that by the end of the first quarter of 2026, Ethereum had experienced 16 major security incidents, resulting in losses of $93 million, with historical cumulative losses exceeding $7 billion for Ethereum L1.#EthereumFoundation #WalletSecurity #TrillionDollarSecurityPlan #1TS #WalletBeat #ClearSigning #SecurityMaturityModel #EthCC9 #CrossChainSecurity #DNSAttacks #EthereumSecurity #BlockchainSecurity #CryptoWallets #EthereumL1 #SecurityIncidents #CryptoLosses