An Optimistic Roll-up designed to lower the cost of privately transferring tokens
Layer-2 scaling solution Polygon has launched Nightfall to lower the transaction cost of private transfers of ERC20, ERC721, and ERC1155 tokens. This update to the original Nightfall network uses Optimistic Roll-up technology to reduce costs with privacy achieved by leveraging zero-knowledge proofs.
Due to rising demand from companies needing to interact with one another by utilizing smart contracts to manage the exchange of goods or services, Polygon has launched a public, privacy-focused Layer 2 roll-up solution called Polygon Nightfall. In collaboration with Ernst & Young (EY), the project will enable accessibility and privacy for companies wanting to use Ethereum.
The Polygon team launched the Nightfall Beta Mainnet on 17th May, which will test in collaboration with EY. Who teamed up with Polygon to research and build permissioned, private industry blockchains for enterprises. EY already…