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Polygon Introduces Miden Zero-Knowledge Rollup Testnet
Polygon, a leading Ethereum layer-2 developer, has launched the alpha version testnet of its latest zero-knowledge (ZK)-rollup solution called Miden. This innovative solution is designed to enhance the capabilities of the Ethereum blockchain.
Miden Zero-Knowledge Rollup Features
- Miden incorporates client-side proving, allowing users to generate proofs for their state transitions locally without revealing the state to the network.
- It introduces private accounts supporting private tokens and transactions, storing only the hash of the account on the blockchain.
- Utilizes parallel transaction execution for higher throughput and reduced blockchain node state bloat.
Competition and Roadmap
Miden enters the market competing with other layer-2 scaling solutions like StarkWare’s StarkNet and Matter Labs’ zkSync Era. The roadmap includes a builders testnet scheduled for September, with the mainnet launch timeframe yet to be specified.
Polygon’s Ecosystem
Polygon also offers zkEVM, a scaling solution compatible with Ethereum Virtual Machine, ensuring seamless integration with existing smart contracts, tools, and wallets. Despite the Miden testnet launch, Polygon’s native token did not see significant market movement.
Polygon Labs CEO’s Perspective
Last month, Polygon Labs CEO criticized Layer 3 (L3) networks on Ethereum, arguing that they drain value from the mainnet. He emphasized that L3 networks are not essential for scaling existing networks, contrasting Polygon Labs’ focus on Layer 2 solutions.
Polygon Proof-of-Stake Sidechain Updates
The Polygon Proof-of-Stake sidechain recently executed the Napoli hard fork, adding support for Dencun features and becoming the first network to support RIP-7212. EIP-1153 aims to optimize block space utilization for enhanced network performance.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
