Polygon Miden: Core Architectural Concepts and Transaction Models
Polygon Miden: Core Architectural Concepts and Transaction Models
Polygon Miden is a novel ZK rollup optimized for privacy, parallelization, and client-side proving capabilities. The Miden Node, which has completed a test version, functions by exposing RPC endpoints, verifying user-generated proofs, producing blocks, and updating the state. Transactions in Miden facilitate account state changes and are performed against a single account, enabling parallel execution and asynchronicity. Users have the option to store data publicly or privately, as well as choose who generates the ZK proof. Off-chain storage and client-side proofs enhance privacy and scalability. Miden aims for absolute privacy while addressing the possibility of an experienced observer gaining information.
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This week, the researchers and engineers building Polygon Miden completed a test version of the node that will manage the state of the rollup. This is what the Miden Node does and how it functions for user-generated state transitions. The basic functions of this first version of
To achieve parallel execution in Polygon Miden, researchers had to look beyond account-based systems like Ethereum to UTXO-based systems like Bitcoin and Zcash. The end result is a transaction model distinct among ZK rollups.
In the latest installment of @AvailProject's whiteboard series, @bobbinth and @prabalbanerjee dive into core architectural concepts of Polygon Miden and the principles shaping the unique ZK rollup’s development. Full episode here: youtu.be/QuLhkaszLtA Polygon Miden,
The state model in Polygon Miden gives users the option to store their account and note data in two ways: 1. Public and on-chain 2. Private and off-chain These options create different degrees of privacy. With public storage, the data is on-chain and visible to everyone.
Polygon USDT0 Supply Hits $1.4B All-Time High
**Polygon's native USDT0 deployment reaches new milestone** with supply hitting an all-time high of $1.4 billion USD. The achievement follows Polygon's recent upgrade to native USDT0 deployment, enhancing the network's stablecoin infrastructure. This milestone reinforces Polygon's position as a leading platform for borderless payments and stablecoin adoption. **Key highlights:** - USDT0 supply on Polygon: $1.4B ATH - Native deployment upgrade recently completed - Strengthens Polygon's stablecoin ecosystem The growth demonstrates increasing adoption of Polygon's infrastructure for cross-border transactions and digital payments, particularly as stablecoins become essential tools for global financial inclusion.
🎮 Pokémon Cards Go Digital
**Courtyard.io** launches tokenized trading cards on Polygon, covering Pokémon, sports, and comics. **Key features:** - Mint, trade, and redeem digital card packs - Physical redemption available anytime, anywhere - RWA (Real World Assets) integration Users can now pair legendary sports cards with tokenized Pokémon collections. The platform bridges physical collectibles with blockchain technology, allowing collectors to trade digital versions while maintaining the option to claim physical cards. This represents a significant step in bringing traditional collectibles into the web3 ecosystem through tokenization.
POL Celebrates One Year Anniversary
**Polygon's POL token marks its first anniversary** as the network's native gas and staking token. The **MATIC to POL migration is 99% complete**, with POL now powering every transaction, block, and application across the Polygon ecosystem. Key highlights: - POL serves as both gas and staking token - Powers the entire Polygon PoS network - Supports scaling of payments and real-world assets (RWAs) - Foundation for Polygon's aggregated roadmap Users still holding MATIC on Ethereum can upgrade to POL through the [Polygon Portal](https://portal.polygon.technology/pol-upgrade). The milestone reflects Polygon's continued focus on network optimization and ecosystem growth.
Polygon Adds migrateTo() Function for Final MATIC-to-POL Migration Phase
Polygon introduces a new **migrateTo()** function that allows users to migrate MATIC tokens directly to another wallet address during the POL upgrade process. **Key Features:** - Direct wallet-to-wallet migration capability - Enables exchanges and institutions to handle migrations on behalf of users - Streamlines the final migration steps **Migration Progress:** With **99.18% of the migration already complete**, this new feature addresses the remaining technical hurdles for the final users and institutional holders. **Benefits:** - Simplified process for exchanges - Reduced friction for institutional migrations - Enhanced flexibility for end users This addition represents the final technical piece needed to complete Polygon's transition from MATIC to POL as the network's native token.
Polymarket Launches in U.S. Market with Polygon Integration
**Polymarket officially launches in the United States** after receiving CFTC approval, marking a significant milestone for decentralized prediction markets. **Key developments:** - World's largest prediction market now accessible to U.S. users - Platform powered by Polygon blockchain infrastructure - CFTC approval obtained in record time **Market context:** - 79% of decentralized prediction markets currently run on Polygon - Polygon offers real-time settlement and low transaction fees - Major validation for the broader prediction market ecosystem This launch represents a **major regulatory breakthrough** for decentralized finance applications in traditional markets.