• Polygon introduces Miden, a scaling solution for Ethereum

  • Ethereum Layer 2 solutions — protocols built on top of the Ethereum blockchain that handle transactions outside of the Ethereum mainnet — are becoming more popular as developers work to improve Ethereum’s scalability as the number of users and applications grows. Polygon, a Layer 2 Ethereum scaling platform, today announced the release of Polygon Miden, which uses advanced zero-knowledge (ZK) cryptography to improve Polygon and Ethereum’s scalability, privacy, and security.

    Polygon Miden is an Ethereum virtual machine (EVM) compatible scaling solution that uses zero-knowledge scalable transparent argument of knowledge (ZK-STARK) technology to reduce the amount of information required between users and allows transactions to be verified more quickly.

    Rollups and zero-knowledge proof technologies are examples of Layer 2 solutions. In a speech at the 2021 Shanghai International Blockchain Week in October, Ethereum creator Vitalik Buterin stated that Layer 2 is the future of Ethereum scaling and the only safe way to scale Ethereum while preserving the blockchain’s decentralization.

    Polygon has pledged $1 billion to ZK-related initiatives. Polygon Hermez and Polygon Nightfall, a public, privacy-focused rollup, are among its ZK-based scaling solutions. Polygon, a project based in India, has experienced rapid growth in tandem with the rise of decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming. According to DeFi Llama data, there is currently over US$4.8 billion in total value locked in protocols on Polygon.

    “ZK is the future of Ethereum, and Miden VM is one of the most important elements in Polygon’s roadmap for Ethereum scalability,” said Polygon co-founder Sandeep Nailwal in a statement. “It will simplify and accelerate DeFi app and cryptocurrency validation, increasing the speed and scale of the Polygon ecosystem.”

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