Dubai, SEPTEMBER 9, 2021 – Polygon, an ethereum-based full-stack scaling solution bringing mass adoption to the ethereum platform, today announces it is rolling out support for Mina Protocol, the world’s lightest blockchain (22kb) powered by participants, to allow developers to build privacy-preserving decentralized applications (dapps) on Polygon.
The bridge between Polygon and Mina – which is stewarded by US-headquartered public benefit corporation Mina Foundation – will enable developers to build recursive zero-knowledge (ZK) SNARK-enabled applications (Snapps) on the Ethereum blockchain for greater privacy and security, while benefiting from Polygon’s speed and scalability.
Sandeep Nailwal, co-founder of Polygon said: “Building a bridge between Polygon and Mina is an important step towards achieving our shared vision of a fully decentralized ecosystem of dapps that keeps users in control of their data. Developers building on Polygon PoS chain will now be able to seamlessly incorporate the enhanced privacy and verifiability enabled by Mina Protocol.”
The possibilities of using Mina’s Snapps on Polygon are vast and varied. For example, DeFi platforms requiring KYC could extract user information privately and securely using Mina’s Snapps. Or, non-fungible token (NFT) builders who want to keep certain elements private, such as ownership data, could use Mina to achieve this. Additionally, social media dapps can verify that users are real people without requiring them to share personally identifiable information.
Evan Shapiro, CEO of the Mina Foundation, said: “We are very excited about the privacy-preserving and verifiable applications that will be launched on Polygon PoS utilizing Mina Protocol.”
The announcement follows Polygon’s commitment to investing $1 billion into ZK research and development efforts to become the leading ZK force. As Ethereum continues to struggle with transaction bottlenecks, Zk-rollups, which use mathematical proofs to verify and settle transactions, have emerged as the preferred Ethereum scaling strategy.
In addition to adopting and building ZK solutions, Polygon’s ZK-focused efforts include forming partnerships, hiring talent, and acquiring world-class ZK projects and teams, like Hermez, a ZK rollup platform and community favorite. On August 4, Polygon struck a 250 million MATIC deal on August 4 to merge with Hermez as part of its strategic focus on ZK technology.
Since April this year, Polygon’s Total Value Locked – a metric that denotes market share and growth – surged from $1 billion to nearly $9 billion. The growing market share of Polygon suggests there’s an increasing demand for decentralized applications on faster and cheaper blockchain solutions. With the recent addition of Zk-rollups, Polygon is now striding toward its mission to onboard the first 1 billion users to Ethereum.
Polygon and Ethereum developers interested in implementing Mina/Snapps on Polygon can fill out this form: https://bit.ly/mina-polygon to register their interest.
