Blockchain

Partisia Blockchain partners with Polygon to bring MPC capabilities to the Internet of Blockchains

Partisia Blockchain partners with Polygon to bring MPC capabilities to the Internet of Blockchains Blockchain PlatoAiStream PlatoAiStream. Data Intelligence. Vertical Search. Ai.

The collaboration brings multi-party zero-knowledge computation to Polygon through private smart contracts

Zug, Switzerland, May, 2022 – Partisia Blockchain Foundation, an independent non-profit supporting the development of the world’s most advanced zero-knowledge blockchain, announces a major collaboration with Polygon, the leading decentralized Ethereum scalability solution provider. With the 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. Polygon is a leading player in this sector, aiming for greater cross-chain interoperability and offering developers a four-layered architecture. 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.

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 scraps 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.

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.

“Privacy is a key Web3 pillar that must lay at the foundation of the Internet’s future,” says Brian Gallagher, Co-Founder of Partisia Blockchain. “We are thrilled to be bringing a confidentiality layer into the Polygon ecosystem, giving the developers in the community a powerful platform to conduct private computations of any complexity. In the long run, this integration will enable a whole new generation of secure and privacy-minded Web3 services.” 

“Our collaboration with Partisia opens up countless new and exciting possibilities for all Polygon developers, providing them with additional tools to fine-tune the privacy and security of their projects,” said Antoni Martin, Polygon Enterprise Lead. “Partisia’s MPC and ZK-based smart contracts platform adds an additional layer of confidentiality and private computations to Polygon that will be invaluable for any Web3-focused team.”

Source: Plato Data Intelligence: PlatoData.io