- Miden aims to enhance Polygon’s Ethereum scaling solution lineup by incorporating high throughput parallelized execution.
One of the best teams working on scaling solutions for Ethereum, Polygon, has started the alpha testnet deployment for its planned STARK-based rollup, Miden.
Developers can test-run basic smart contracts, like as asset transfers, token minting, and faucet construction, on the testnet, according to Polygon, which made the announcement on May 6.
Miden is intended to enable high-throughput parallel transaction execution, according to Polygon. Networks that offer parallelized execution, in contrast to most blockchains, can achieve higher throughput by eliminating the need for linearly sequential transaction verification.
Polygon Miden is a zero-knowledge rollup designed for high-throughput, private applications, according to Polygon’s Miden whitepaper. Using languages like Rust and TypeScript, developers can create applications that are not possible on other systems, such as high-throughput privacy-preserving dApps for DeFi and on-chain gaming.
Users of Miden’s alpha testnet can also start both private and public accounts, as well as notes, allowing for private parallelized execution on the Miden platform.
Miden is an addition to Polygon’s line of Ethereum scaling solutions, which already includes the modular Chain Development Kit, PoS Chain sidechain, and ZkEVM zero-knowledge rollup.
Despite having the highest throughput and privacy of Polygon’s mainnet solutions at the moment, Polygon ZkEVM’s adoption, which began on March 27, 2023, has lagged behind that of competing zkEVM networks.
Polygon ZkEVM presently contains a total value locked (TVL) of $159.1 million, per L2beat. To combine the features of ZkEVM with the substantial user base and TVL of PoS Chain, which has a TVL of more than $1 billion, Polygon intends to unite its ZkEVM and PoS Chain.
This establishes Miden as Polygon’s go-to product for specific high-throughput uses, including as sophisticated web3 games, advanced wallets that use account abstraction, and on-chain order book-based exchanges. On the other hand, dApp developers will have access to a substantial user and protocol ecosystem through the ZkEVM-PoS Chain.
By processing transactions on Layer 2 and then combining them for batched finalization on Ethereum’s mainnet, rollups improve Ethereum’s scalability. ZK-rollups, or rollups secured by zero-knowledge proofs, enable transaction verification with little to no data exposed to the wider network.
In comparison to other ZK-rollups, Polygon said that Miden’s use of zk-STARKs, which were invented by StarkWare, will significantly improve transaction privacy when it first launched the chain in November 2021. According to Polygon at the time, zk-STARKs enable the production of proofs that confirm a program was executed correctly without requiring the program to be executed again or even understood.
Polygon highlighted in a tweet from May 6 that Miden clients can produce proofs locally, which lessens the network demand brought on by zk-STARKs.
Without revealing the information to the network, Miden can produce proofs locally for their own state transitions. and client-side proofs lower the network’s load, according to Polygon.
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