Ethereum layer-2 developer Polygon has launched an alpha version testnet of its latest zero-knowledge -rollup solution called Miden as Ethereum scaling competition heats up.Polygon’s latest solution — like other ZK-rollups — uses a type of cryptography where data can be verified or “proved” without revealing what the data consists of to the rest of the network.
Miden also has client-side proving, where users can “locally generate proofs for their own state transitions without having to disclose the state to the network,” PolygonMiden also enables additional functionality such as private accounts enabling private tokens and transactions where only the hash of the account is stored on-chain.
Miden also leverages parallel transaction execution — where transactions can be processed concurrently — enabling it to achieve a much higher throughput compared to the Ethereum mainnet and reduce blockchain node state bloat. Other planned key features include customizable smart contracts and customized node scripts where users will be able to write their own note scripts using the Miden virtual machine and programming languages such as Rust.StarkWare’s
Polygon also builds zkEVM a scaling solution equivalent to Ethereum Virtual Machine, allowing most existing smart contracts, tools, and wallets to work seamlessly.) did not react to the testnet launch falling 3.7% on the day to trade at $0.704 at the time of writing.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »