Polygon Goes Private, As The Ethereum Scaling Solution Integrates Mina Protocol

Today, Polygon has announced scalability via privacy-preserving technologies. The emerging Ethereum scaling solution will use a bridge connecting, Mina Protocol a light weight smart contract platform. The bridge will allow developers building apps on Polygon to integrates the privacy and verifiability via Mina's zk-SNARK-based protocol.

Ethereum is the default blockchain for supporting the burgeoning DeFi economy that enables anyone, including the unbanked, to access key financial services like savings, lending, and insurance. But due to high transaction fees, many users are priced out of using Ethereum, and that is where Polygon PoS comes in. This announcement marks an incredibly important step in the evolution of DeFi and will allow developers building on Polygon PoS chain to seamlessly incorporate the enhanced privacy and verifiability enabled by Mina Protocol.

Mina is dubbed a world's lightest smart chain, weighing just a few kilo bytes compared with gigantic Ethereum blockchain. All this lightness makes syncing Mina quite easy for an average user without the need of hefty hardware.

Mina’s zk-SNARK-based protocol will have huge implications for privacy sensitive Ethereum user base. E.g. the apps using the SNark protocol will effectively be able to hide the ownership of NFT asset holders, identity of trading parties and other sensitive KYC information.

The mergers of Polygon and Mina's privacy centered protocol has been highly acclaimed by the community. Mina has also surged by more than 25% in last 24 hrs.