Ethereum Foundation and Mina Foundation award a contract worth 1.2 million USD to = nil; Foundation for the implementation of Mina’s data protection-preserving zk-SNARKs on Ethereum | news
SAN FRANCISCO, September 30, 2021 / PRNewswire-PRWeb / – After a rigorous selection process, the Ethereum Foundation and the Mina Foundation have decided to: a $ 1.2 million Contract to the Crypto3 team at = nil; Foundation to review Minas Pickles SNARK on the Ethereum Virtual Machine. This allows Mina to be verified on Ethereum and other EVM-based chains like Polygon, which allows dapps on other chains to access Minas zk-SNARK-powered decentralized applications (Snapps), giving them access to features like data verification for privacy protection gives, efficient evidence for extensive calculations and secure logins.
“We are very happy to work with the Ethereum Foundation and = nil; to work together on this important project, ”shared Evan Shapiro, CEO of the Mina Foundation. Ultimately, verifying the Mina blockchain on Ethereum will allow developers to take advantage of using recursive SNARKs on Ethereum when building Dapps. This is how digital verifiability and data protection become the norm. “
Verifying Mina on Ethereum is also a step towards building a bi-directional bridge between the platforms. This full bridge will enable more accessible, trustworthy checking of the Ethereum account status and Ethereum dapps via Mina full nodes on browsers and mobile devices. It can also serve as a component in trusted bridges between different chains that leverage the cryptographic security of zero-knowledge evidence for stronger guarantees of cross-chain health.
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About the Mina Foundation
The Mina Foundation is a non-profit company that serves the Mina protocol, the lightest blockchain in the world. The foundation supports the protocol by awarding grants to third parties who make substantial contributions, as well as by maintaining and managing the community assets. Board members include former Executive Director of the ZCash Foundation Josh Cincinnati, Principal of Slow Ventures Jill Carlson, VP of Engineering at Interchain GmbH and Tendermint developer Tess Rinearson, Fund Director and Joint Legal Counsel of International Management Services Sean Inggs and CEO of the Mina Foundation, Evan Shapiro.
About the Ethereum Foundation
The Ethereum Foundation (EF) is a global non-profit organization dedicated to supporting Ethereum and related technologies. Our mission is to do what is best for Ethereum’s long-term success. Our role is to provide resources for critical projects, to be a valued voice within the Ethereum ecosystem and to advocate for Ethereum externally.
Over = zero; Foundation, endowment
= zero; Foundation was established to facilitate and improve projects in cryptography and databases with its teams and technologies (= nil; Crypto3 Cryptography Suite and = nil; Database Management System). The foundation supports projects (own and third-party) by providing teams, know-how, technologies or financing. = zero; The establishment in partnership with P2P Validator facilitated the introduction and development of Free TON (Telegram Open Network) and Lido Finance, Filecoin Protocol and Chia Blockchain extensions.
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SOURCE Mina Foundation