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    Home»Bitcoin»New Polygon virtual machine
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    Bitcoin

    New Polygon virtual machine

    AdministratorBy Administrator17.11.2021No Comments1 Min Read
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    bt-crow.com

    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

    machine Polygon Virtual
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