Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»Polygon co-founder shares optimism about new Miden Alpha testnet.
EXCHANGE NEWS

Polygon co-founder shares optimism about new Miden Alpha testnet.

By Crypto FlexsMay 8, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Polygon co-founder shares optimism about new Miden Alpha testnet.
Share
Facebook Twitter LinkedIn Pinterest Email

After the launch of the Miden Alpha Testnet, Polygon said users will be able to generate evidence for state transitions locally.

Sandeep Nailwal, co-founder of Polygon Layer-2 blockchain, shared his vision for the recently launched Miden Alpha Testnet. According to Polygon, the Miden Alpha Testnet is a zk-sovereign chain designed specifically for developers.

Goals of Polygon MidenVM

Nailwal describes the platform as an alternative virtual machine (VM) similar to SolanaVM or MoveVM that implements several pioneering paradigms. The co-founders say that MidenVM’s goal is to allow high throughput and low latency applications such as Order Book DEX and persistent swaps. This aims to ensure a smooth and responsive user experience for these demanding applications.

Nailwal also emphasized that MidenVM is built on core blockchain principles. These principles include privacy, light clients for mobile devices, and client-side attestation. He concluded that he hopes MidenVM will mature quickly.

After the launch of the Miden Alpha Testnet, Polygon said users will be able to generate evidence for state transitions locally. Unlike the previous provision, this prevents developers from revealing their status to the entire network.

Some of the features developers can test on the platform include public and private notes. You can also run basic smart contracts and experiment with public and private accounts. These smart contracts can be used to create faucets, send and receive assets, and mint new tokens.

Polygon is an Ethereum-based layer 2 scaling solution focused on building. Currently, blockchain has many attractive solutions such as PoS and CDK that support its dominance in the layer 2 ecosystem. Interestingly, the Polygon team is considering incorporating generative artificial intelligence (AI) for the creation of non-fungible tokens (NFTs) as part of its core development agenda.

Additionally, Polygon Labs recently released the zkEVM Type 1 prover. This new component allows any network supporting the Ethereum EVM to create its own layer 2 network using zero-knowledge proofs.

Implications for MATIC

The launch of the Miden Alpha Testnet is tied to Polygon’s native asset, MATIC. At the time of writing, MATIC is trading at $0.7077, down 3.4% in the last 24 hours. Trading volume also decreased by 6.7% to $264 million.

Although the decline indicates a bearish trend for the token, MATIC is expected to surge in the long term. This optimistic forecast hinges on Polygon’s recent innovations. In the past, community members have criticized the protocol for having several innovations without economic benefit.

According to a previous Coinspeaker report, Polygon has been criticized for relying on a small group of validators to manage its blockchain. This has raised concerns that Polygon may not be fully diversified, damaging its long-term sustainability and investor appeal.

Ultimately, Miden’s growth will be determined by developer acceptance. The price of MATIC could potentially rise as the platform grows in popularity.

next

Blockchain news, cryptocurrency news, news

thank you!

You have successfully joined our subscriber list.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Last Opportunity-The bonus stage of the light chain AI begins after closing all 15 pre-sales stages.

June 29, 2025

Its Important To Know What’s Really Going On?

June 29, 2025

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Last Opportunity-The bonus stage of the light chain AI begins after closing all 15 pre-sales stages.

June 29, 2025

Its Important To Know What’s Really Going On?

June 29, 2025

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025
Most Popular

Telegram CEO Arrested: Crypto Markets React to TON’s 20% Drop

August 25, 2024

ETH and Hype prove that Altseason is here. BTC chases the new best

June 11, 2025

Development Update #2 – Ethereum.org

February 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.