17 November 2021 05:04, UTC
Reading time: ~ 2 m
The developers of Polygon, the Ethereum scaling protocol, run the Miden VM virtual machine on their network. It opens up the possibility of developing smart contracts based on the zk-STARK consensus. This is a type of zero-knowledge proof.
The technology allows for the decentralized verification of information without disclosing public data. The zk-STARK smart contracts will allow the DeFi industry to apply KYC / AML checks without disclosing the identity of specific transactions to regulators as long as there is no violation of the law.
The most realistic use of zk-STARK on Polygon can be used in a variety of DID platforms that process passport data or medical information. This implementation will significantly expand the circle of second-level network users.
#Polygon #virtual #machine