MATIC Introduces New Miden Scaling Solution to Address Ethereum Network Congestion


Polygon Network plans for another update to handle the congestion on the Ethereum network. The zero-knowledge (zk) rollup is compatible with Ethereum. Miden virtual machine upholds arbitrary logic and exchanges like other zk rollups. The Miden virtual machine’s expansion is an important step in conquering technical challenges on the Polygon network. Polygon will offer designers the ability to compile smart contracts directly into Miden assembly. Miden will be flexible, Ethereum-centric and support formal verification. On-chain exercise on the Polygon community has hit an unnecessary, creating $610,000 in income over the earlier week.

Polygon community has remained a layer-2 scaling answer for a very long time, scaling companies and options sooner. MATIC has attracted builders and purposes from the Ethereum community. MATIC affords increased risk-adjusted returns than Ethereum, making it a profitable token for traders.

Transactions on MATIC have exceeded ETH by over 4 instances. With the launch of Miden, proponents anticipate a spike in utility and adoption of native token MATIC.

Analyst on the YouTube channel “Make investments and Commerce with Jaxx” is bullish on MATIC. The analyst has set a goal of $6.72 for MATIC worth earlier than the top of the present bull run in 2021.

News Summary:

  • MATIC Introduces New Miden Scaling Solution to Address Ethereum Network Congestion
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