Introduction
In 2024, Bitcoin continues to be the cornerstone of the cryptocurrency landscape, solidifying its foundational role through broad value consensus and significant advancements. The Bitcoin ecosystem is flourishing, evidenced by the rapid increase in on-chain addresses and user numbers, along with stable BTC dominance. This robust growth highlights the escalating adoption and utilization of Bitcoin, emphasizing its critical position within the broader crypto market.
BlockSec is thrilled to announce our full support for the Bitcoin ecosystem, reinforcing our commitment to enhancing blockchain security. By integrating Bitcoin into our suite of security solutions, we aim to bolster the integrity and reliability of one of the most influential and widely-utilized blockchain networks.
Let's see how BlockSec protects the entire lifecycle of Bitcoin ecosystem projects and meets their diverse needs at different stages!
Pre-Launch:
We offer comprehensive auditing services to ensure robust security during the pre-launch stage. For the Bitcoin ecosystem, we can provide blockchain auditing services for Bitcoin Layer 2 chains such as Merlin and BEVM. Our approach combines semi-automatic and manual verification methods. Notably, our automated differential fuzzing tool effectively identifies subtle discrepancies that conventional testing methods might miss, thus enhancing the system's overall security.
We have also provided auditing services for many projects/protocols related to the cross-chain transfer of BTC assets, such as the UniBTC Contract of Bedrock Technology, the FBTC & Fire Bridge Contracts of the Fire Bitcoin project, PumpBTC Contract, and Omnity of Omnity Network.
Post-Launch
Security Monitoring + Attack Blocking: Phalcon
As a full-stack blockchain security service provider, we not only offer code auditing services but have also launched Phalcon, the world's first and only hack-blocking platform, to ensure projects' security at the post-launch stage. In the Bitcoin ecosystem, we also collaborate with projects on Phalcon. A notable example is our partnership with Merlin.
BlockSec Phalcon fully supports Merlin, actively monitoring on-chain activities 24/7 and providing timely alerts to the Merlin Network. Protocol teams and investors on the Merlin chain can subscribe to Phalcon to gain crypto hack monitoring and blocking capabilities, allowing them to front-run hacks, pause or upgrade protocols, or withdraw funds automatically.
Additionally, Phalcon has also added support for FBTC, a decentralized protocol that enables the seamless transfer and management of BTC across various blockchain networks. Phalcon will monitor the real-time total supply of FBTC, the total locked BTC on the Bitcoin Network, and users' cross-chain requests in a timely manner, and notify the FBTC team to take action in emergency circumstances such as FBTC depegging, arbitrary minting, or double spending.
To make it easier for project teams to understand each triggered transaction, we have integrated Phalcon Explorer into Phalcon. This allows users to seamlessly switch to Phalcon Explorer to view the invocation flow, balance changes, fund flow, and other transaction details.
Through our efforts, we aim to support a safer Bitcoin ecosystem, providing peace of mind to developers and investors alike, and making the system more user-friendly.
More BlockSec's Builder Toolkit
Crypto tracking and investigation platform: MetaSleuth
MetaSleuth is a cryptocurrency tracking and investigation platform offering professional-grade on-chain tracking tools for a deeper understanding of on-chain activities. It features fund tracing, fund flow visualization, real-time transaction monitoring, and cross-chain analysis, simplifying the process of tracking funds in complex DeFi transactions. As the BTC ecosystem grows, MetaSleuth supports real-time tracking of BTC transactions, enabling users to view fund flows quickly and make informed decisions.
Browser Extension: MetaSuites
MetaSuites is a blockchain browser extension offering over twenty utilities. It generates fund flow diagrams, displays address labels, allows one-click data downloads, simulates transactions, explains complex transaction analyses, and provides compliance risk alerts. MetaSuites can identify common centralized exchange wallet addresses, scam and attack addresses, and unmarked addresses, helping users understand financial relationships between transaction entities on the Bitcoin network.
Conclusion
With the integration of Bitcoin support, BlockSec is not only expanding its reach but also strengthening the security of one of the most critical and widely-adopted blockchain networks. As Bitcoin continues to solidify its position in the cryptocurrency market, we are dedicated to providing top-notch security services and products to safeguard its ecosystem. Stay tuned for more updates and innovations as we continue to advance blockchain security and support the flourishing Bitcoin ecosystem.
