With edge execution at its core, it’s not just an upgrade — it’s the blueprint for the final form of blockchain architecture,” according to Sandeep Nailwal, the founder of Polygon Labs.“With ambitions to rival Solana, Sui, and Aptos — and to be the epicenter of crosschain liquidity for Agglayer as a native chain and help grow the Agglayer ecosystem— building independently naturally positions Miden to attract the capital and focus needed to compete at the highest level,” Nailwal added.
Execution on edge devices can help with the “bottlenecks that limit traditional chains,” said Bobbin Threadbare, the co-founder at Miden and former engineer at Meta, adding:“It allows blockchains to scale without relying on supernodes or sacrificing decentralization, while making privacy a built-in feature instead of an afterthought.”The $25 million will be used to fund Miden’s development, and its mainnet launch is slated for the fourth quarter of 2025.
However, Miden’s infrastructure may be a “catalyst for large institutional adoption,” he claimed, adding:“The reality is that up until this point, blockchains have not been in the position to offer privacy without compromising on performance or programmability, which is a major issue.”Large tech firms joining the space require privacy solutions with regulatory compliance, leaving a significant gap for solutions like Miden, added the co-founder.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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