Mina and Polygon will bring enhanced scalability, privacy, and verifiability to the DeFi economy.
We are thrilled to announce that Mina Protocol and Polygon are working towards implementing support for Mina on Polygon PoS. This bridge will enable developers building applications on Polygon to leverage privacy and verifiability via Mina’s zero knowledge-SNARK-based protocol.
Sandeep Nailwal co-founder of Polygon, said, “Ethereum has become the default blockchain for supporting the DeFi economy that enables anyone, including the unbanked, to access key financial services like savings, lending, and insurance. Polygon PoS helps scale Ethereum’s DeFi ecosystem and is onboarding millions to web 3.0. This announcement marks an incredibly important step in the evolution of DeFi and will allow developers building on the Polygon PoS chain to seamlessly incorporate the enhanced privacy and verifiability enabled by Mina Protocol.”
Evan Shapiro, CEO of the Mina Foundation, said, “Mina Foundation shares Polygon’s dream of a fully decentralized ecosystem of dapps empowering users with control over their own data privacy. We are very excited about the privacy-preserving and verifiable applications that will be launched on Polygon utilizing Mina Protocol.”
Here are some of the potential dapps that can be built on Polygon by leveraging Mina’s zero knowledge-SNARK-powered protocol:
DeFi platforms requiring KYC can pull in user information privately and securely using Mina’s Snapps (zero knowledge-SNARK-powered applications).
NFT builders who prefer to keep certain elements private, such as ownership data, can use Mina to achieve this.
Social Media dapps can verify that users exist without requiring them to share PII.
The Mina Foundation and the Ethereum Foundation are reviewing submissions from the joint request for proposals to build recursive zero knowledge-SNARK-enabled applications on the Ethereum blockchain for a bridge that will benefit dapps on Polygon PoS chain and other Ethereum Virtual Machine-compatible chains.
Polygon and Ethereum developers interested in implementing Mina/Snapps on Polygon can fill out this form: https://bit.ly/mina-polygon to register their interest. Developers building on Polygon will get access to millions of users in the community.
About Mina Foundation
Mina is the world’s lightest blockchain, powered by participants. Rather than apply brute computing force, Mina uses advanced cryptography and recursive zero knowledge-SNARKs to design an entire blockchain that is about 22kb, the size of a couple of tweets, ushering in a new era of blockchain accessibility. With its unique privacy features and ability to connect to any website, Mina is building a private gateway between the real world and crypto — and the secure, democratic future we all deserve. Mina is stewarded by the Mina Foundation, a public benefit corporation headquartered in the United States.
About Mina
Mina is the world’s lightest blockchain, powered by participants. Rather than apply brute computing force, Mina uses advanced cryptography and recursive zero-knowledge -SNARKs to design an entire blockchain that is about 22kb, the size of a couple of tweets, ushering in a new era of blockchain accessibility. With its unique privacy features and ability to connect to any website, Mina is building a private gateway between the real world and crypto — and the secure, democratic future we all deserve. Mina is stewarded by the Mina Foundation, a public benefit corporation headquartered in the United States.
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Source : blog,polygon.technology
