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Polygon Miden Integrates QED Protocol To Accelerate Transaction Execution

Altszn.com by Altszn.com
August 29, 2024
in Blockchain, Crypto, DeFi, Web3
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Polygon Miden Integrates QED Protocol To Accelerate Transaction Execution
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QED Protocol’s WebGPU API is estimated to speed up client-side proving on Miden by 10 times.

Polygon’s Miden scaling solution is quickly taking shape.

On Aug. 27, Polygon announced it had teamed up with QED Protocol, a zero-knowledge (ZK)-native blockchain protocol, to bolster Miden’s proof-generation capacity. Miden users prove transactions off-chain by generating ZK proofs on their own devices.

Miden integrated QED’s WebGPU, a webcompute API enabling in-browser parallel computation. QED said WebGPU facilitates the creation of “next generation” ZK proofs alongside hardware acceleration techniques targeting modern GPUs. QED claims that Polygon Miden users can prove transactions up to 10 times faster following the integration of WebGPU.

“This collaboration enables the creation of DeFi, real-world asset (RWA), and other complex decentralized applications, as well as a substantial expansion of on-chain interactions,” QED said. “Through client-side proving, we are able to vastly expand the types of dApps, RWAs, and, most importantly, people we can bring into blockchain.”

QED said WebGPU also reduces the variance of transaction fees on the Polygon Miden network.

Polygon Miden

Miden is an upcoming modular execution layer and ZK rollup allowing developers to build high-throughput applications boasting robust privacy features.

Its Miden Virtual Machine (VM) facilitates client-side proving and is optimized for STARK proofs rather than Ethereum VM equivalence. Polygon said Miden VM enables features beyond the boundaries of EVM execution.

Polygon launched Miden’s alpha testnet in May and deployed its third testnet last month.

In April, Polygon Miden joined QED’s L20 Consortium, a collective of projects committed to bringing Bitcoin’s native security to applications and Layer 2 solutions.

Miden will be the latest addition to Polygon’s suite of scalability solutions once it is live on mainnet. Polygon currently maintains the Polygon PoS Chain sidechain, Polygon ZkEVM Layer 2 rollup, and modular Chain Development Kit. However, Polygon plans to unify its ZkEVM and PoS Chain networks.

Polygon is also working to establish AggLayer, an interoperable ecosystem of blockchain networks.

The price of Polygon’s MATIC token is down 3.7% in the past 24 hours amid a broader cryptocurrency pullback, according to The Defiant’scrypto price feeds. Polygon is readying to migrate MATIC to its new token, POL, on Sept. 4.

Read More: Movement Labs Integrates with Polygon’s AggLayer to Improve Liquidity on Move-based L2 Chains



Read More: thedefiant.io

Tags: AccelerateDeFiexecutionIntegratesMidenPolygonProtocolQEDtransaction
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