{"id":9617,"date":"2021-09-09T21:05:28","date_gmt":"2021-09-09T20:05:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=9617"},"modified":"2021-09-09T21:05:36","modified_gmt":"2021-09-09T20:05:36","slug":"polygon-brings-privacy-to-eth-scaling-solution-via-integration-with-mina-protocol","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/polygon-brings-privacy-to-eth-scaling-solution-via-integration-with-mina-protocol\/","title":{"rendered":"Polygon brings privacy to ETH scaling solution via integration with Mina protocol"},"content":{"rendered":"\n
With the addition of Polygon, the popular ETH <\/a>scaling solution, Mina Protocol's privacy-preserving technology will now be supported.<\/h5>\n\n\n\n
\"Polygon<\/figure>\n\n\n\n

Earlier this week, Polygon, a well-known scaling solution for the Ethereum\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> blockchain, and the Mina Protocol, a lightweight smart contracts platform, revealed a bridge that will connect the two technologies.<\/p>\n\n\n\n

The Mina Protocol, which is billed as the “world's smallest blockchain,” is only a few kilobytes in size, compared to Ethereum's 300-gigabyte blockchain, according to its developers. <\/p>\n\n\n\n

Thus, syncing the Mina network becomes far simpler for the typical user; instead of requiring expensive gear, you may run a fully functional Mina node from your smartphone instead of using a computer.<\/p>\n\n\n\n

It is able to condense its network to this size because it makes use of zero-knowledge proofs, which are a type of cryptography <\/a>that is focused on anonymity.<\/p>\n\n\n\n

As a result of today's partnership, developers will be able to create applications on Polygon <\/a>that are based on Mina's recursive zk-SNARK-enabled applications, sometimes known as “Snapps.”<\/p>\n\n\n\n

In layman's terms, zero-knowledge proofs allow these types of applications to keep certain aspects hidden from other parties by employing cryptographic techniques that require no prior knowledge of the system.<\/p>\n\n\n\n

Snapps might hide the identity of the person who owns the most costly non-fungible token (NFT) on Polygon<\/a>, rather than being able to immediately identify who owns the most expensive NFT on Polygon. <\/p>\n\n\n\n

The same may be said for sensitive KYC information; a crypto<\/a> protocol that requires these details could employ a Snapp to confirm the identity of a user without disclosing sensitive information such as a passport number or birthdate.<\/p>\n\n\n\n

Essentially, developers will now be able to integrate privacy protections into any application that they create on Polygon in order to protect their users' data.<\/p>\n\n\n\n

Polygon co-founder Sandeep Nailwal stated, “Creating a bridge between Polygon and Mina is an important step towards realizing our shared vision of a fully decentralized ecosystem of decentralized applications that puts users in control of their data.”<\/p>\n\n\n\n

Polygon has decided to go private<\/h2>\n\n\n\n

Polygon's commitment to enhancing scalability through the use of privacy-preserving technology will be strengthened as a result of the partnership. Scalability project bought Hermez, a scalability solution that makes use of zero-knowledge rollups, for a total of 250 million MATIC tokens in August of this year.<\/p>\n\n\n\n

1\/14 It is a big day for @0xPolygon! We are announcing a strategic focus on ZK-based scaling solutions and $1B in funding for this effort. As our first big foray into the exciting world of ZK, we are excited to announce the merger\/acquisition of @hermez_network! \ud83d\udd25 Thread.. \ud83e\uddf5 pic.twitter.com\/ayEjUEpSK6<\/p>\u2014 Polygon | $MATIC (@0xPolygon) August 13, 2021<\/cite><\/blockquote>\n\n\n\n

As of the time of publication, both native tokens of each project are on the rise. The value of MATIC, Polygon's token<\/a>, has increased by approximately 5 percent in the last 24 hours. MINA has increased by about 30% over the same time period.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

With the addition of Polygon, the popular ETH scaling solution, Mina Protocol’s privacy-preserving technology will now be supported. Earlier this week, Polygon, a well-known scaling solution for the Ethereum blockchain, and the Mina Protocol, a lightweight smart contracts platform, revealed a bridge that will connect the two technologies. The Mina Protocol, which is billed as […]<\/p>\n","protected":false},"author":13,"featured_media":9620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[153,4334,395],"class_list":["post-9617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eth","tag-mina","tag-polygon"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/image-99.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=9617"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9620"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=9617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=9617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=9617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}