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 for the development of zero-knowledge technology in the Polygon network.
Sandeep Nailwal, co-founder of Polygon, said:
“ZK is the next step for Ethereum, and the Miden VM is one of the most important elements in Polygon’s scalability roadmap on Ethereum. This will make it easier and faster to validate DeFi applications and cryptocurrencies, accelerating the scaling speed of the Polygon ecosystem. ”
The zk-STARK protocol can be used in the DeFi sector, for services such as car insurance or medical care, due to the need for identity verification in order to provide services. zk-STARK and similar protocols can send confidential information and reduce the size of transactions for quick verification by blockchain participants.
The nodes verify the authenticity of documents without coming into contact with the personal data of users, thereby maintaining the confidentiality of information. The protocol can be used to simplify cryptographic proofs in consensus mechanisms and improve computational performance.