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Polygon Plus Mina Protocol Equals Privacy

Polygon Plus Mina Protocol Equals Privacy

Polygon Plus Mina Protocol Equals Privacy

This Is Huge And Much Needed

Mina Protocol’s privacy-preserving technology will now be supported on the popular Ethereum scaling solution Polygon

Polygon Plus Mina Protocol Equals Privacy

Polygon Integrates Mina Protocol, Bringing Privacy to Ethereum Scaling Solution

Mina Protocol’s privacy-preserving technology will now be supported on the popular Ethereum scaling solution Polygon. 

By Liam J. Kelly

2 min read

 

 

Polygon, the popular scaling solution for Ethereum, and Mina Protocol, a lightweight, smart contracts platform, have announced a bridge to merge the two technologies. 

Pitched as the “world’s smallest blockchain,” the Mina Protocol weighs in at just a few kilobytes compared to Ethereum’s 300-gigabyte blockchain. This means that syncing the Mina network is also much easier for the average user; instead of hefty hardware demands, you can run a full Mina node from your smartphone. 

 

It’s able to condense its network to this size thanks to its use of zero-knowledge proofs, a privacy-centric piece of cryptography.

Today’s collaboration means that developers can now build applications on Polygon using Mina’s recursive zk-SNARK-enabled applications, or “Snapps.” 

The technical jargon can be boiled down to this: By using zero-knowledge proofs, these types of applications can keep certain features hidden from different parties. 

Instead of being able to quickly find who owns the most expensive non-fungible token (NFT) on Polygon, Snapps could hide the owner’s identity. Likewise for sensitive KYC information; a crypto protocol that needs these details could use a Snapp to affirm, without exposing, key information like a passport number or birthdate. 

Essentially, developers will now have the ability to include privacy features into any application that they now build on Polygon. 

“Building a bridge between Polygon and Mina is an important step towards achieving our shared vision of a fully decentralized ecosystem of dapps that keeps users in control of their data,” said the co-founder of Polygon, Sandeep Nailwal. 

Polygon goes private

 

The tie-up adds to Polygon’s focus on improving scalability through privacy-preserving technologies. In August, the scalability project acquired Hermez, a scalability solution that uses zero-knowledge rollups, for 250 million MATIC tokens. 

At press time, both native tokens of each project are on the up. MATIC, Polygon’s token, is up nearly 5% over the past 24 hours. MINA is up nearly 30% over the same period. 

MATIC
+8.02%$1.629
24H7D1M1YMAX
 
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Polygon Plus Mina Protocol Equals Privacy

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  1. Pingback: Elementor #1408 - Crypto Grizz Altcoins

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