CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

Partisia Blockchain and Polygon Partnership

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Partisia Blockchain is proud to announce a major collaboration with Polygon, the leading decentralized Ethereum scalability solution provider.

Firstly, With this partnership, the Partisia network will grant Polygon developers a new platform for privacy-first computations and unlock a new type of smart contract for Polygon’s Internet of Blockchains.

Ethereum, the world’s second-largest blockchain by market cap, has emerged as the leading platform for decentralized applications, but it remains plagued by low throughput and high transaction costs. This set the stage for a variety of scaling solutions to enter the market, offering different approaches and visions to speeding up the Ethereum ecosystem. However, Polygon is a leading player in this sector, aiming for greater cross-chain interoperability and offering developers a four-layered architecture. In addition,  Its tiers — the Ethereum layer, the Security layer, the Polygon network layer, and the Execution layer — serve different purposes and allow new projects to fine-tune their integration in line with their specific needs.

Furthermore, Partisia Blockchain adds another platform to Polygon’s vast ecosystem, focusing on data privacy and confidentiality and enabling decentralized multi-party zero-knowledge computations. While not unheard of in the blockchain space, most of the zero-knowledge platforms in the industry only allow two parties to compute a function while keeping their inputs private — a limitation Partisia scarps thanks to its multi-party computation capabilities. The technology enables a plethora of possible use cases, such as, for example, an NFT auction where the system only reveals the winning bid.

Lastly, Developers building on Polygon will be able to run private computation transactions on the Partisia Blockchain and deploy their custom private computation smart contracts, linking them with their existing decentralized apps on Polygon to it through a dedicated bridge. As part of the collaboration, Partisia will add support for Polygon-native tokens and ERC-20 coins, including their use for paying node fees for running the private computations.

About Partisia Blockchain  

Partisia Blockchain is built for trust, transparency, privacy, and speed of light finalization. Its mission is to establish a WEB 3.0 infrastructure with no single point of trust for generic coordination of public and private information to be used by all applications across all platforms.

Website | Twitter 

About Polygon

Polygon is the first well-structured, easy to use platform for Ethereum scaling and infrastructure development. Polygon serves as a Proof of Stake, EVM compatible, secure, layer2 solution for dApps providing fast transactions and low fees.

Website | Twitter 

SOURCE: 
https://partisiampc.medium.com/partisia-blockchain-partners-with-polygon-to-bring-mpc-capabilities-to-the-internet-of-blockchains-871d6688522d

 

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