SAN FRANCISCO, September 9, 2021 / PRNewswire-PRWeb / – The Mina Foundation, the public utility serving the world’s lightest blockchain Mina protocol, and Polygon, a protocol and framework for creating and connecting blockchain networks compatible with Ethereum, are working to implement Mina support on Polygon PoS. This bridge will allow developers who build applications on Polygon to take advantage of privacy and auditability through Mina’s zk-SNARK-based protocol.

Sandeep Nailwal, Co-Founder of Polygon, said: “Ethereum is the default blockchain to support the burgeoning DeFi economy that allows anyone, including the unbanked, to access key financial services like savings, loans and insurance. But due to the high transaction fees, many users don’t use Ethereum, and that’s where Polygon PoS comes in. This announcement marks an incredibly important step in the evolution DeFi and will allow developers who leverage the Polygon PoS chain to seamlessly integrate the enhanced privacy and auditability enabled by Mina’s Protocol. “

Evan shapiro, CEO of the Mina Foundation, said: “The Mina Foundation shares Polygon’s dream of a fully decentralized ecosystem of dapps that allow users to control the privacy of their data. We are very excited about the verifiable and privacy-preserving applications that will be launched on Polygon using the Mina protocol. “

This integration enables use cases, but not limited to, such as:

  • DeFi platforms to extract user information privately and securely to meet KYC requirements or any such requirement
  • NFT builders to keep property data private, and
  • Social media dapps to verify that users are real people without requiring them to share personal information.

Polygon PoS and Ethereum developers interested in implementing Mina / Snapps on Polygon can fill out this form: https://bit.ly/mina-polygon to register their interest.

For media inquiries, please contact Raneem Hamad at (310) 260-7901 or Raneem (at) MelrosePR (dot) com.

About the Mina Foundation

Mina is the world’s lightest blockchain, powered by participants. Rather than applying raw computational force, Mina uses advanced cryptography and recursive zk-SNARKs to design an entire blockchain of around 22KB, the size of a few tweets, ushering in a new era of blockchain accessibility. With its unique privacy features and the ability to connect to any website, Mina is building a private gateway between the real world and crypto, and the secure and democratic future we all deserve. Mina is managed by the Mina Foundation, a public benefit company headquartered in United States.

About Mina

Mina is the world’s lightest blockchain, powered by participants. Rather than applying raw computational force, Mina uses advanced cryptography and recursive zk-SNARKs to design an entire blockchain of around 22KB, the size of a few tweets, ushering in a new era of blockchain accessibility. With its unique privacy features and the ability to connect to any website, Mina is building a private gateway between the real world and crypto, and the secure and democratic future we all deserve. Mina is managed by the Mina Foundation, a public benefit company headquartered in United States.

About the polygon

Polygon is the first well-structured and easy-to-use platform for scaling and developing Ethereum infrastructures. Its main component is Polygon SDK, a modular and flexible framework that supports the creation and connection of secure chains such as Optimistic Rollups, zkRollups, Validium, etc., and standalone chains such as Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have been widely adopted with over 500 Dapps, ~ 700M + txns and ~ 6M + txns daily on average

If you are an Ethereum developer, you are already a Polygon developer! Take advantage of Polygon’s fast and secure txns for your Dapp, start here.

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Media contact

Raneem Hamad, Melrose PR, (310) 260-7901, [email protected]

SOURCE Mina Foundation