Hi there my name is lucky ali and welcome back to my post today I’m going to talk about miden testnet that Polygon launches. After the Bitcoin halving, we can see many changes in the Crypto market and we can see one more upgrade here and update ism polygon launched miden alpha testnet and polygon is an Ethereum based layer 2 scaling solution and it is now very popular among investors and we can see the significant growth in the polygon so after seeing this popularity it is important to see what update is coming on this platform.
Miden is zero knowledge rollup and it provides developers high high-performance privacy-preserving decentralized apps creation permission. Miden is different than simple roll-up. testnet like miden allows developers to try out features such as the use of notes, secret and public accounts, & some simple contracts. So this facility makes miden testnet different than others and it is going to help the growth of the overall polygon economy. Miden is different because developers can private situation of application because they can take help from zk-SNARKS and calculate the proof on local level. Middle provides an environment to the developers to build dapps that cannot be built on evm, evm means an Ethereum virtual machine so dapps like this can be developed in the environment of the miden.
Polygon has many solutions and one of them is to maintain dominance as a L2. Other than miden, Ethereum L2 has zKEVM, CDK, and Pos that can make it powerful. Polygon CDK tech stake helped many communities to develop an independent chain. There are many names of the users in polygon advanced technology. So this way polygon is doing a decent job in the Crypto industry and helping the crypto industry to grow more.
Polygon's native currency is MATIC and The news of the testnet launch did not have much of an impact on Matic currency, as the token fell 5.20% to $0.7009 in 24 hours. However, the community believes that its effect can be seen in the long term like bitcoin halving, which can increase the price of MATIC coin. Also, experts hope that the new miden test launch may increase the confidence of investors in the cryptocurrency of the polygon, due to which an increase in the price of the token may also be seen. The Polygon blockchain team is constantly working towards improving the features and network technology. These developments taking place on the network may increase Polygon user's confidence in Polygon hain, which may also increase the price of its cryptocurrency which is matic. Looking at the continuous updates happening in Polygon network, experts believe that it can easily reach $5 in the coming year.
So that is what I want to share and this is an update that I wanted to share with you if you are polygon user then you should know the details of this update I have covered most of the details here but if you want to know in the details hen you can simply go to the website where they have shared update post with detailed information so you can access that post have a good day.
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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You should keep every news of crypto in your attention and also share it with us. That is really a good thing. Thank you for presenting here. @luckyali
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