Polygon Miden Alpha Testnet V3: Empowering Blockchain Innovation
Polygon (MATIC) recently unveiled the Miden Alpha Testnet V3, a revolutionary zkEVM rollup, designed to enhance the blockchain ecosystem. This update facilitates the creation and application of zero-knowledge proofs, supporting standard smart contracts for decentralized application (dApp) development.
New Features of Miden Alpha Testnet V3
- Sub-second order updates with transient notes, accelerating transaction processing by bypassing on-chain registration and reducing block finality time.
- Inclusion of transaction IDs in blocks for direct referencing and verification within the Miden chain.
Developer Tools and Enhancements
The Polygon Miden Alpha V3 introduces a WebAssembly (WASM) compiled no-std client for browser-based execution, enabling seamless development of Miden applications like wallets for secure transaction management. The upcoming Web-GPU integration promises further speed enhancements.
Additionally, a Note aux field allows users to append arbitrary strings such as account IDs to notes. Core improvements include enhanced code stability and readability through integrated events and error messages in TransactionKernel, facilitating easier mock blockchain testing.
Polygon’s Dominance in the NFT Market
Polygon has surpassed Bitcoin and Solana in daily NFT sales volume, indicating its growing influence in the digital asset space. Despite a slight decline in total transaction volume, NFT sales on Polygon rose by 173%, reaching $4 million, highlighting its increasing prominence.
Ethereum continues to lead with a 24% increase in NFT sales volume to $5.1 million, reaffirming its dominant position.
Market Activity and MATIC Price Update
Polygon’s network has seen significant growth with over 1.18 million active addresses, reflecting increasing user engagement and optimism in MATIC’s market potential. As of now, MATIC is trading at $0.5141 with a 1.75% increase over the last 24 hours.
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