Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
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

Investors are the main level of support of the eyes.

June 6, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The price is farther, and the investor of EDGE

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 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

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025
Most Popular

MERT MUMTAZ, X Flame Hall

February 11, 2025

LTC faces a tough challenge near $70.

November 28, 2023

XRP price fell 8% during peak trading volume. What’s going on?

March 6, 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.