In keeping with Martin’s speech, Polygon Dusk produces eight instances sooner outcomes than Ethereum base layers, transfers non-private ERC20s for six instances cheaper, and is totally public.
Dusk is one in every of Polygon’s 4 scalability options. The opposite three, Polygon Hermez, Polygon Miden, and Polygon Zero have completely different strengths. Polygon Dusk differentiates itself because the one resolution with enhanced privateness.
Combining zero information with optimistic rollups
The Polygon Dusk combines privacy-preserving ZKPs and optimistic rollups. It makes use of optimistic rollups to scale back transaction charges and makes use of ZKPs to supply privateness.
The privacy-preserving rollups solely disclose the time and date of the transaction whereas maintaining the remainder non-public. Optimistic rollups, alternatively, assume all transactions are legitimate however nonetheless enable validators to oppose one transaction in the event that they assume it’s inaccurate.
Throughout his presentation, Martin mentioned that Dusk may very well be utilized in enterprise operations reminiscent of provide chain administration, transactions of personal NFT markets, and blockchain mixers.
EY and Polygon
Ernst & Younger (EY) began working on Dusk in 2019 to allow its clients to make use of Ethereum privately. Nonetheless, the mission halted when the corporate needed to fight Ethereum’s excessive gasoline charges in September 2021. To chop the prices of personal transactions, EY partnered with Polygon.
EY’s two blockchain providers, EY OpsChain and EY Blockchain Analyser are already connected to Polygon Dusk.
Polygon’s Co-Founder Sandeep Nailwal commented on this partnership and said:
“The EY dedication to the general public Ethereum ecosystem and to open requirements was an enormous driver in evolving shared approaches. No different group has made the identical scale of dedication to the ecosystem and to open techniques, or brings the depth of expertise that the EY group has on this house.”
In keeping with the announcement, the duo will proceed to innovate on enterprise-friendly options that prioritize privateness to develop their ecosystem.
Are ZKPs the following huge factor?
A report from Mina Basis revealed that ZKPs have lately performed a major position within the crypto sphere.
In keeping with the survey, improved privateness and scalability are the 2 most important issues that make ZKPs engaging. Almost all individuals (90.1%) mentioned they discovered cryptocurrencies with an carried out ZKP resolution extra engaging. As well as, 52.1% additionally mentioned they’d be extra possible to make use of a dApp with imğlemented ZKPs.