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.
RWA Industry Faces Reality Check: Not All Growth Is Real
**Real-World Asset tokenization needs a reality check**, according to Polygon Labs' Global Head of Payments & RWAs. The **RWA revolution** requires three critical foundations: - **Verifiable assets** with proven ownership - **Clear regulatory frameworks** for compliance - **Actual usage** beyond speculation **Current challenges** include: - Many projects lack real substance behind growth claims - Tokenizing assets like US Treasuries offers **no competitive moat** - Missing infrastructure for custody, trading, and redemption **Real estate emerges as the sweet spot** for tokenization due to high value, illiquidity, and suitability for fractional ownership. **Key insight**: Intermediaries won't disappear - they'll evolve. Winners will be protocols embedding KYC, legal logic, and risk scoring into smart contracts. **The bottom line**: Programmable finance must be matched with programmable trust. Without verified data and legal enforceability, blockchain remains "code floating in a vacuum." Read the full analysis: [Cointelegraph Op-Ed](https://cointelegraph.com/news/not-all-rwa-growth-is-real-and-the-industry-knows-it)
USDQ Stablecoin Launches on Polygon with MiCA Compliance
**USDQ stablecoin** is now available on Polygon through Ubyx, marking another milestone for the purple chain's payment infrastructure. Key highlights: - **MiCA compliant** - meets European regulatory standards - Available via **@ubyx_** platform - Expands Polygon's stablecoin ecosystem alongside existing USDC support This launch builds on Polygon's growing reputation as a **payment-focused blockchain**, following previous integrations like Circle Gateway's sub-500ms USDC liquidity and Wyoming's state-issued stablecoin. The addition strengthens Polygon's position in the **regulated stablecoin market**, particularly for European users seeking compliant digital payment solutions.
**Polymarket Odds Coming to Google Search and Finance**
Polymarket prediction market odds will soon be integrated directly into **Google Search and Google Finance**. With over **8.5 million daily searches**, this integration provides massive built-in distribution for the platform. Key points: - Direct access to prediction market data through Google's platforms - Leverages Google's enormous search volume for wider reach - **Powered by Polygon** blockchain infrastructure This move positions Polymarket's decentralized prediction markets in front of mainstream users who may not typically engage with crypto platforms. The integration represents a significant step toward mainstream adoption of blockchain-based prediction markets.
🗳️ Polygon Battles for JokeRace
**Polygon has advanced to the semifinals** in JokeRace's Community Chain Showdown, competing to become the platform's primary contest deployment chain. **Key Details:** - Voting is currently live and active - More votes translate to increased rewards for participants - Community members can cast their votes directly through the contest platform **What's at Stake:** The winning chain will host JokeRace's contest infrastructure, potentially bringing significant activity and engagement to the selected network. Vote now to support Polygon's bid: [Cast your vote here](https://jokerace.io/contest/base/0xb44509957b915287279c9323d0ecfc31361250db)
🚂 Money Rails Event Countdown
**Money Rails** event is approaching fast - less than two weeks to go! **Key Details:** - **Date:** November 18, 2025 - **Location:** Buenos Aires, Argentina - **Focus:** Networking, panels, and building the future of money infrastructure **Who's Attending:** - Polygon Labs team - Key financial industry leaders - Blockchain payment innovators The event coincides with Devconnect and features sponsors like **Relay Protocol** (processed $9B+ volume), **Ripio** (12+ years in Latin American crypto), and **Pi Squared** (building FastSet for instant payments). **Registration:** Free with Devconnect ticket at [luma.com/311rbz5b](https://luma.com/311rbz5b) *Join the conversation shaping how money moves onchain.*