Polygon (MATIC), the largest Ethereum scaling solution, announced on Monday the launch of its zero-knowledge (zk) based “Miden”, a scaler to boost Ethereum chain’s capabilities.
Ethereum scaling solution Polygon launches zk-based Miden on the testnet. The zero-knowledge rollup is designed to scale the Ethereum blockchain and extend its capabilities.
holders digest the news with no significant impact on price. Polygon , the largest Ethereum scaling solution, announced on Monday the launch of its zero-knowledge based “Miden”, a scaler to boost Ethereum chain’s capabilities. A zero-knowledge rollup is a type of Layer 2 scaling solution that takes computation and the state of a network off-chain. A rollup stores transaction data on-chain on the Layer 1 chain, in this case on Ethereum.
price is $0.70 at the time of writing, trading broadly steady on Tuesday. Polygon’s Miden reaches testnet phase Polygon launched an alpha version testnet of Miden, a zk-rollup solution. The protocol announced the development in a tweet on its official X account. babe, wake up, it’s here: the Polygon Miden Alpha Testnet is live—a zk self-sovereign focused chain ready for pioneers who want to cook. join the brand new alpha telegram to start the Miden journey rn: https://t.
price is $0.70 on Binance at the time of writing. Polygon’s native token lost nearly 1% of its value on the day, showing no significant reaction as holders digest the announcement from the Ethereum scaling solution.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Polygon’s ZK-rollup Ethereum scaler Miden hits testnetEthereum scaling solutions provider Polygon launched its ZK-rollup platform Miden on testnet.
Read more »
Robinhood Issues Crucial Announcement for Polygon (MATIC) CommunityRobinhood Wallet, popular stocks and crypto trading application, adds new function based on Polygon (MATIC) blockchain
Read more »
Polygon and Cosmos blockchains to be connected by Union Labs, MATIC, ATOM react positivelyPolygon blockchain’s aggregation layer (AggLayer) and Cosmos’s Inter Blockchain Communication (IBC) will be connected via Union Lab’s proposed solution.
Read more »
Ethereum and Polygon Attract Most New Users in Q1 2024Ethereum and its Layer 2 scaling solution, Polygon, have attracted the most new users in the first quarter of 2024, according to a report by Flipside. Ethereum had 13.4 million new users, while Polygon boasted 12.3 million. This accounts for roughly 70% of new users across all observed chains. The report also highlights the surge in DeFi trade volume on Ethereum and the dominance of these two platforms in the EVM chain ecosystem.
Read more »
ETH Price Skyrockets as Ethereum Foundation Initiates Sell-offEthereum's soaring price clashes with Ethereum Foundation's puzzling decision to convert ETH into stablecoins
Read more »
'Ethereum Will be Fine': Solana Cofounder Reacts to Ethereum FUDSolana's Anatoly Yakovenko offers reassuring stance amid concerns over Ethereum's future trajectory
Read more »