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Polygon | $MATIC Profile picture
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17 Nov, 4 tweets, 2 min read
1/4 🚀 Polygon values the innovation in the DeFi sector and envisions to bring #DeFiforAll

#Polygon will be hosting a contest to incentivize users in the DeFi space with prizes up to $50K to encourage the continued growth of the ecosystem.

🌐: bit.ly/Polygon-DeFi-C…
2/4 📅 Contest starts from Nov. 22.

Prizes will be distributed over the span of 4 weeks and will include both $MATIC and participating dApps' tokens.

For eligibility, users need to have a #Polygon reputation score over 50.

✅ Check your score: bit.ly/check-your-sco…
3/4 🤩 Power users who engage with protocols regularly are the key driver of demand for dApps.

#Polygon’s DeFi competition will be another way to incentivize innovation and participation amongst promising projects.
4/4 👀 Stay tuned for exciting participating projects & the tasks to be performed.

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More from @0xPolygon

Polygon | $MATIC Profile picture
16 Nov
1/7 💫 We are proud to reveal the newest member of the Polygon family - Polygon Miden, an upcoming STARK-based, EVM-compatible Rollup!

The project is led by @bobbinth, former Facebook's lead ZK researcher who led the development of Winterfell.

A 🧵 on why this is exciting...
2/7 We recently announced our strategic focus and $1B fund for ZK-based solutions.

Following the announcements of @0xPolygonHermez (and zkEVM) and Polygon Nightfall, we are continuing our quest to become the ZK powerhouse with our work on Polygon Miden.

blog.polygon.technology/the-polygon-th…
3/7 Polygon Miden is an advanced ZK Rollup.

ZK Rollups are very promising, but currently, it's hard for them to support arbitrary logic and transactions, such as those happening on Ethereum.

Polygon Miden will solve this challenge using its core component - Miden VM.
Read 7 tweets
Polygon | $MATIC Profile picture
14 Sep
1/9 Another big day for @0xPolygon! 🦄💫

We have started collaboration with EY, a global professional services and technology firm, on building Ethereum scaling and enterprise solutions!

As part of this collaboration, we will work on Polygon Nightfall, a privacy-focused Rollup!
2/9 EY announced Nightfall in 2019 as a set of protocols for enabling private transactions on Ethereum.

Although it is a great contribution that quickly gained a lot of attention, Nightfall's wider adoption was hindered by congestion and high gas fees on the Ethereum mainnet.
3/9 The EY team started exploring Ethereum scaling solutions to mitigate these challenges and eventually released Nightfall 3 - the latest, scalable version of Nightfall.

Along the way, the EY team started collaborating with Polygon, and the idea Polygon Nightfall was conceived.
Read 8 tweets
Polygon | $MATIC Profile picture
13 Aug
1/14 It is a big day for @0xPolygon!

We are announcing a strategic focus on ZK-based scaling solutions and $1B in funding for this effort.

As our first big foray into the exciting world of ZK, we are excited to announce the merger/acquisition of @hermez_network! 🔥

Thread.. 🧵
2/14 Six months ago, when we announced Polygon, there was a pressing need to scale Ethereum and our PoS chain turned out to be the best immediate solution/relief.

Now both Polygon and Ethereum are in a better place, so we believe it is the right time to focus more on innovation.
3/14 We have been actively experimenting with all major scaling technologies since 2017.

Based on what we have learned, we believe that ZK crypto is our best bet to build the solutions we all want and deserve.

Please read our ZK Thesis for more detail.

blog.polygon.technology/the-polygon-th…
Read 14 tweets
Polygon | $MATIC Profile picture
28 Jun
1/ We are extremely excited to announce Avail - an important component of a completely new way on how future blockchains will work. #Avail is a general-purpose, scalable data availability-focused blockchain targeted for standalone chains, sidechains & off-chain scaling solutions.
2/ #Avail provides a robust data availability layer by using an extremely secure mathematical primitive - DA checks using erasure codes. We use KZG polynomial commitments to create a 2D DA scheme.

🌐 Learn more: bit.ly/2UarzfW
3/ Benefits of #Avail:

- Avoids encoding fraud proofs,
- No honest majority assumptions,
- No reliance on honest full node peers to gain data availability confidence
Read 19 tweets
Polygon | $MATIC Profile picture
27 Jun
1/4 🎉 Notable digital artist @beeple's new platform, "We.new", opts for Polygon as its preferred Ethereum scaling solution.

🌐 Learn more: bit.ly/Beeple-WenewOn… Image
2/4 🔥 We.new allows creators to create influential events as #NFTs for people to collect in #sports, #music, and more.
3/4 🎾 The debut action on We.new will feature @andy_murray's historic victory at the 2013 Grand Slam in collaboration with @Wimbledon
Read 4 tweets
Polygon | $MATIC Profile picture
15 Jun
1/11 Polygon aims to become the go-to scaling hub, and we're actively exploring major scaling solutions.

In parallel, we want to educate the community; understanding different solutions & their trade-offs are critical.

Today we talk about Rollups.

bit.ly/EthScalingWith…
2/12 We thank @EdFelten, @jadler0 and @gakonst for their valuable feedback.

So, what are Rollups?

Simply put, Rollups provide an easy way to bypass the problem of all Ethereum nodes having to execute txns present in a block, to verify the validity of included transactions.
3/12 ZK Rollups do this by executing txns off-chain and submitting proofs called validity proofs back to Ethereum.

Optimistic Rollups solve this by executing txns off-chain and submitting assertions on Ethereum, with an added challenge period. These are secured by fraud proofs.
Read 12 tweets

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