Polygon launches a zk-STARK scaling solution for DApp deployment
The move is expected to improve the validation process for DApps on the Polygon network. Polygon, a layer two scaling solution for Ethereum compatible blockchains, stated in a press release provided to Cointelegraph that it has launched its zk-STARK powered Miden Virtual Machine for the development of decentralized applications, also known as DApps.
zk-STARK stands for zero-knowledge Scalable Transparent ARgument of Knowledge. In layman's terms, zero-knowledge technology allows one party to prove to another that they hold private information (such as a password) without revealing what that information is. STARK is one such method to algorithmically obfuscate, prove or verify such information. Polygon has committed over $1 billion for the development of zero-knowledge technology. One application of zk-STARK is for use in complex decentralized finance, or DeFi, such as decentralized car insurance or healthcare products, due to the need for identity verification. zk-STARK and similar schemes can redact sensitive information on digitized assets, such as driver's license or passport copies, as well as reduce their size for fast verification by blockchain participants.
It would ensure that nodes can certify the authenticity of such documents without them coming into contact with users' actual personal data — thereby diminishing privacy concerns and establishing trust for the DeFi product. But it can also be used to simplify cryptographic proofs in consensus mechanisms and improve computational performance.
Sandeep Nailwal, co-founder of Polygon, said the following in regards to the development: ZK is the way ahead for Ethereum and Miden VM is one of the most important elements in Polygon’s roadmap for Ethereum scalability. It will simplify and accelerate validation for DeFi apps and cryptocurrencies — enhancing the speed and scale of the Polygon ecosystem.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 92% | 10 | $26 795.30 | -1.36% | 2.07% | $519 550 963 732 |  |
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| 2 |  ETH |
Ethereum predictions | 89.6% | 5 | $1 855.30 | -0.68% | 4.03% | $223 091 132 972 |  |
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| 3 |  USDT |
Tether predictions | 94.8% | 1 | $1.000070 | -0.02% | 0.04% | $83 228 157 289 |  |
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| 4 |  BNB |
Binance Coin predictions | 92% | 1 | $304.07 | -1.02% | -0.32% | $47 391 548 272 |  |
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| 5 |  USDC |
USD Coin predictions | 94.4% | 1 | $0.999917 | 0% | 0% | $28 877 834 153 |  |
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| 6 |  XRP |
XRP predictions | 76.8% | 37 | $0.503687 | -2.72% | 11.69% | $26 183 341 057 |  |
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| 7 |  ADA |
Cardano predictions | 90.4% | 10 | $0.364990 | -2.77% | 2.11% | $12 732 185 756 |  |
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| 8 |  STETH |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 9 |  DOGE |
Dogecoin predictions | 85.6% | 17 | $0.071604 | -0.15% | 1.28% | $9 994 725 958 |  |
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| 10 |  MATIC |
Polygon predictions | 79.2% | 35 | $0.890700 | 0.61% | 1.11% | $8 265 225 629 |  |
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| 11 |  SOL |
Solana predictions | 80% | 29 | $20.63 | -0.38% | 6.29% | $8 181 142 803 |  |
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| 12 |  WTRX |
Wrapped TRON predictions | 80.4% | 37 | $0.075112 | -0.91% | -3.17% | $7 637 085 316 |  |
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| 13 |  TRX |
TRON predictions | 77.6% | 35 | $0.074972 | -0.93% | -3.42% | $6 764 359 015 |  |
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| 14 |  LTC |
Litecoin predictions | 81.2% | 38 | $92.17 | 3.12% | 9.02% | $6 733 122 416 |  |
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| 15 |  DOT |
Polkadot predictions | 90.8% | 10 | $5.23 | -2.08% | -0.41% | $6 218 421 186 |  |
