Polygon On The Cusp Of Becoming The Supreme Scaling Network With Latest Release

Polygon On The Cusp Of Becoming The Supreme Scaling Network With Latest Release
фото показано с : zycrypto.com

2021-11-19 21:54

Polygon recently launched Polygon Miden, a STARK-based Zero-Knowledge (ZK) rollup aimed at driving the Network’s scalability and interoperability to a whole new level through integrating it with the Ethereum Virtual Machine (EVM).

According to the Tuesday announcement, although the program was meant to be a prototype for early adopters, the Polygon team disclosed that they planned on developing Miden VM into a production-grade VM with additional features including built-in privacy, multi-language support, enhanced memory, and storage.

“Our primary goal with Miden VM is to guarantee “Ethereum-compatibility”. We will achieve this by offering the ability to compile Solidity-based smart contracts directly into Miden Assembly – the native language of Miden VM.”

Instant Transaction Verifications

The Miden VM is a zero-knowledge virtual machine written in the Rust Programming Language which allows programs to be executed on the Polygon network and in the process, instantly generate a STARK-based proof of execution.

Whereas ZK Rollups are very promising solutions, they are faced with the constant challenge of supporting arbitrary logic and transactions particularly that of EVM. This is one of the major reasons Polygon’s team chose to rollout Polygon Miden which solves the program verification problem using its core component, the Miden VM.

Users will now be able to verify that a program was executed correctly without the need to re-execute or even verify what the program was.

With the addition of Polygon Miden, Polygon now has three ZK focussed projects including Polygon Hermez and Polygon Nightfall. These projects are expected to work hand in hand in advancing Polygon’s and Ethereum’s infrastructure and mainstream adoption.

The polygon Miden project will be implemented by a group of Engineers led by Bobbin Threadbare, a former lead ZK researcher at Facebook and a core developer of Winterfall, a leading STARK prover.

Polygon Serious On Scalability, Privacy, Security

Since 2017, Polygon has been working on Ethereum’s scaling infrastructure, attracting a considerable amount of Ethereum’s major projects on board and partnering with prominent investors.

Of late, the network’s team has been onboarding an endless list of Web3 players including over 10 new projects from multiplayer gaming platforms in the past week alone and multiple NFT projects.

Currently, over 3000 programs are already running on the platform’s network with the recent ZK rollup expected to attract more builders.

Accordingly, with the Polygon Miden debut which aims at decentralizing and making Etherum ultra-scaleable, investors could soon take note of the network’s growth, driving MATIC, and ETH prices North.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Santiment Network Token (SAN) на Currencies.ru

$ 0.0865709 (-0.22%)
Объем 24H $210
Изменеия 24h: 9.95 %, 7d: 19.49 %
Cегодня L: $0.0865709 - H: $0.0865709
Капитализация $0 Rank 5672
Цена в час новости $ 0.1272 (-31.94%)

polygon network interoperability whole evm driving scalability

polygon network → Результатов: 126


Polygon adds Google Cloud to its validator set

Polygon Labs announced on Sept. 29 that it has added Google Cloud to the decentralized group of validators powering its proof-of-stake Network. Polygon said in its statement that Google Cloud is now among more than 100 validators who secure the Polygon PoS Network, a network that originally operated under the name Matic Network and which […] The post Polygon adds Google Cloud to its validator set appeared first on CryptoSlate.

2023-9-30 23:20


Polygon (MATIC) Network See App Developers Grow by 60% Monthly on Average; 145% Increase in Usage

Layer-two protocols are meant to take the weight off the base protocol. However, it looks like one such scaling solution is rapidly becoming an ecosystem in its own right. Over 60% of Projects Build On Polygon The Polygon network is a popular choice for several decentralized applications (dApps) protocols and this interest has been tracked […] The post Polygon (MATIC) Network See App Developers Grow by 60% Monthly on Average; 145% Increase in Usage first appeared on BitcoinExchangeGuide.

2021-10-22 22:33


Best Projects on Polygon [2021] – Best DeFi Coins On Polygon

What is Polygon? Polygon used to be known as Matic Network, it is a layer 2 scaling solution to the blockchain world. Considering how difficult it is and how expensive it is to be in the ETH world, polygon seeks to resolve all the problems of the ETH blockchain and any other chain that might […] The post Best Projects on Polygon [2021] – Best DeFi Coins On Polygon appeared first on CaptainAltcoin.

2021-9-29 16:14


Трейдер Скотт Мелкер указал на три альткоина с хорошим потенциалом роста

Трейдер Скотт Мелкер в Twitter (570 тыс. подписчиков) назвал три альткоина, стоимость которых в ближайшее время может стремительно вырасти. Мелкер спрогнозировал подорожание Polygon, Elrond и Synthetix Network Token, пишет РБК Крипто.

2021-9-19 16:54


INS3 Brings Decentralized Coverage to Polygon with 2,700 $ITF Per Day in Rewards

Press Release: INS3 Insurance, the provider of decentralized coverages on the Binance Smart Chain, HECO Chain, Conflux and OKExChain, is now bringing its unique coverage options and staking rewards to Polygon! September 1st, 2021, Singapore: With the most recent DeFi exploit of the Polychain Network where the white-hatted hacker eventually did return the funds, DeFi […]

2021-9-1 12:28