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Polygon introduces Miden for scaling Ethereum



The Ethereum Layer-2 scaling solution Polygon has introduced Polygon Miden, an advanced ZK-STARKs based scaling solution.

Polygon Miden is an Ethereum Virtual Machine compatible scaling solution that uses Zero-Knowledge Scalable Transparent Argument of Knowledge (ZK-STARK) technology to reduce the amount of information that needs to be exchanged between users and provide faster verification to enable transactions. Sandeep Nailwal, co-founder of Polygon, said in a statement:

“ZK is the way forward for Ethereum and Miden VM is one of the key elements in Polygon's roadmap for Ethereum scalability. It will simplify and accelerate validation for DeFi apps and cryptocurrencies, thereby improving the speed and scale of the polygon ecosystem. "

Miden is the latest project developed under Polygon's $ 1 billion fund for ZK-based projects. In August, the Polygon team acquired the Hermez Network ZK roll-up solution for $ 250 million. The following month, it launched Nightfall, a separate, privacy-focused rollup developed in partnership with EY.

Led by core developer at Facebook's Winterfell, Bobbin Threadbare, Polygon has successfully traversed the Miden roadmap and started integrating a VM team from Distaff. Threadbare said:

“Polygon's addition of the Miden Virtual Machine represents an important step in overcoming some of the technical challenges posed by the ability to rely on cryptographic evidence of computational integrity. I look forward to helping facilitate the open source implementation of STARKs within the Polygon ecosystem and the broader security and privacy community. ”

The Polygon Network has put together a powerful scalability toolbox to prepare the ecosystem for Ethereum 2.0. Miden in particular complements the recent Polygon acquisition of the ZK roll-up specialist Hermez Network.

Going forward, Polygon plans to pool all of its scaling solutions, including its Proof-of-Stake sidechain, Hermez Network, Miden, and Nightfall. While the polygon ecosystem has seen tremendous growth in 2021, Miden will still have to compete with a number of other promising zero knowledge-based scaling solutions, including zkSync from Matter Labs and Cairo from StarkWare.

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