Polygon launches zk-STARK protocol for decentralized application development

Cryptocurrency News

The Polygon network will run a Miden VM based on the zk-STARK protocol using zero knowledge proofs. The developers of the second-level network Polygon announced that the network will run a virtual machine Miden VM, running on the basis of the zk-STARK protocol, using public zero-knowledge probabilistically verifiable proofs. Zero knowledge technology allows one party to prove to the other that it owns confidential information without revealing the data itself. $ 1 million was allocated…

Ripple proposes an approach to regulating the cryptocurrency industry

Cryptocurrency News

Ripple has published a document titled “A Realistic Approach to Cryptocurrency Regulation”, which outlined possible approaches to developing a regulatory framework to control the industry. The Ripple document states that cryptocurrencies and blockchain are evolving rapidly, so these industries need to be regulated in a new way. When developing regulations and drafting laws on cryptocurrencies, regulators should think not only about protecting users, but also creating conditions for the development of innovations. This requires well-coordinated…