In simple terms, Polygon (an Ethereum Layer 2 scaling solution) has launched Miden, a virtual machine powered by zk-STARK technology. This technology helps in developing decentralized applications, ensuring privacy and security by allowing one party to prove information without sharing the details.
Polygon has invested over $1 billion in zero-knowledge technology, and the Miden VM plays a crucial role in Ethereum’s scalability roadmap. It aims to streamline and speed up the verification of DeFi applications and cryptocurrencies within the Polygon ecosystem.
