Bittime - Polygon (MATIC), the leading scaling platform on the Ethereum network, on Monday announced the launch of Miden based on zero-knowledge (zk) technology.
Miden is an innovative solution designed to improve scalability and privacy on the Ethereum blockchain.
What is Zero-knowledge Rollup?
Zero-knowledge Rollup is a solution to overcome slowdowns and high transaction costs on major blockchains.
This technology works by moving most of the computing and storage of transaction data off-chain, but maintaining security and transparency by storing core transaction data on the main chain.
In this way, rollups are able to significantly increase speed and lower transaction costs, providing a more optimal experience for users.
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Miden Polygon Enters Network Test Phase
Polygon has launched a testnet of the alpha version of Miden, their zk-rollup solution. The protocol announced this development via a tweet on its official Twitter account.
How to Buy Crypto:
What is Miden?
Miden is here as an innovative solution to lighten the load on the Ethereum network. This protocol offers increased privacy and scalability for users, while expanding the capabilities of the Ethereum blockchain.
Amid fierce competition to improve Ethereum's scalability, developers can now start experimenting with zk-rollups offered by Miden.
Current MATIC token price
The MATIC token price currently stands at $0.70. The original Polygon token experienced a decrease in value of around 1%.
This drop did not cause a significant reaction because MATIC holders are still paying close attention to the latest announcement from Polygon, a Layer 2 solution for the Ethereum network.
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Today's MATIC/IDR Price
From Trade Bittime data, MATIC experienced a decline in the last 24 hours, -1.81%. Meanwhile, MATIC/IDR was traded for IDR 11,068.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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