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Home»EXCHANGE NEWS»Polygon announced the release of Polygon Miden Alpha Testnet v2.
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Polygon announced the release of Polygon Miden Alpha Testnet v2.

By Crypto FlexsJune 8, 20243 Mins Read
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Polygon announced the release of Polygon Miden Alpha Testnet v2.
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According to Polygon, Polygon Miden Alpha Testnet v2 has been released. Basically, it adds more storage, a more user-friendly command line interface, and more features. Polygon Miden is a zk-VM rollup that allows users to demonstrate state transitions. This gives the idea of ​​self-sovereignty along with better throughput than existing solutions.

Some new features include public accounts and notes, a streamlined command line interface, SWAP notes, a note screener, increased data storage, and memory refactoring.

First of all, public accounts and notes allow developers to store account or note data with complete transparency. This is similar to the idea of ​​public smart contracts on the Ethereum network. It is suitable for applications where smart contracts depend on public state. The streamlined command line interface (CLI) is convenient and simple. This further improves the informational state and makes interacting with the testnet easier.

A SWAP note stands for Simple Atomic Asset SWAP. Users can create notes consisting of an asset and the prices dominated by other assets. Note Screener ensures that only relevant notes are stored locally. Increased data storage and note refactoring increase your storage capacity to virtually unlimited capacity and allow you to take notes without assets.

Looking ahead, the community can expect to see future steps being implemented. This includes the Rust compiler, the Typescript SDK, and the ability to use notes in the client.

The community is starting to respond to these developments in X. Most congratulated the team on achieving this feat. Others have found answers to how to increase their revenue streams.

That said, the impact on price is also clear. MATIC is down 0.54% over the last 24 hours and is listed at $0.7128 at the time of writing. However, it showed an increase of 4.78% compared to the last 30 days and 2.46% compared to the last 7 days. The 24-hour trading volume increased significantly by 49.16%. Market capitalization decreased by 0.55%.

Nonetheless, the near-term forecast for MATIC is optimistic. In the next five days, Polygon may inch closer to $0.93552. This would set the stage for a jump to $0.852477, up 17.17% from its current value. This reflects a reversion to lower values, but is still above current margins.

Despite a score of 77 on the Fear and Greed Index, overall sentiment is neutral. MATIC has traded green for 14 out of 40 days. The 14-day RSI is 52.53. The 50-day SMA and 200-day SMA are $0.709023 and $0.851708, respectively.

The market continues to be driven by speculation surrounding the Spot Ether ETF. This could happen at any time once the U.S. SEC approves our registration form. The agency has already approved 19b-4.

Reaction to Polygon’s latest update has been mixed. We recommend waiting a few days before starting to get some results.

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