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Just-In: Polygon (MATIC) Releases Nightfall Mainnet Beta; Here’s Why It’s A Big Deal

Polygon (MATIC) released a mainnet beta version of Nightfall. Taking a hybrid approach to scale, Polygon Nightfall aims to provide security, confidentiality, and efficiency for enterprise blockchains. Polygon is confident that web3 infrastructure is the answer.

Why Polygon (MATIC) Nightfall Mainnet?

There is no doubt that enterprise blockchain is overflowing with potential but clearly lacks privacy. The sole reasons are unaudited, closed, and centralized enterprises. Polygon is certain of providing an option that is nearly impossible. ZK rollups maintain the privacy of transactions on a public network. While Optimistic Rollups take care of scaling and efficiency. Backed by Ethereum, Nightfall is the true definition of trust, transparency, and credibility states the team.

“Most enterprise blockchain solutions aren’t decentralized. They’re private or permissioned, relying on pre-existing trust among parties. By centralizing the blockchain, it compromises trust.”

The optimal Nightfall approach

As mentioned earlier, the use of the cutting-edge Optimistic-ZK hybrid approach gives enterprises everything needed for optimization. Storing transaction on the Ethereum mainnet ensures security. They have also ensured to keep the costs as low as possible while maintaining confidentiality from 3rd parties. The announcement read:

“We’re pleased to announce Polygon Nightfall, a blockchain solution that leverages cutting edge Optimistic-Zero Knowledge technology to give businesses an accessible blockchain network with the iron-clad privacy they need.”

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 17.05.2022

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