Polygon Spin-Off Miden Secures $25M to Bring Speed, Privacy to Institutional Giants

Miden, a protocol specializing in privacy and fast transaction speeds for large institutions, has announced its spin-off from Polygon and a successful seed round funding of $25 million. The funding will be allocated towards the development of Miden’s roadmap, including ecosystem expansion and developer tooling.

The seed round was led by a16z crypto, 1kx, and Hack VC, with additional participation from Finality Capital Partners, Symbolic Capital, P2 Ventures, Delta Fund, and MH Ventures. Miden’s unique design utilizes zero-knowledge technology to provide transaction confidentiality for large institutions executing large payment batches. Co-founder Azeem Khan explained that Miden aims to address the need for privacy solutions that are compliant with regulations while maintaining high performance and decentralization.

Many large institutions and investors have expressed the necessity for a privacy solution like Miden, which is expected to launch its main network by the end of the year. The protocol enables institutions and applications to choose between executing transactions publicly or privately at scale, leveraging the network for fast speeds and privacy.

Co-founder Bobbin Threadbare highlighted the technical differences of Miden compared to other blockchains, emphasizing its suitability for the specific use cases and functionality it aims to enable. He noted that building a similar solution on Ethereum or Solana would not be feasible.

Miden was initially incubated within Polygon in 2021, with plans for a different scaling solution for the ecosystem. The decision to spin off Miden comes as Polygon shifts its focus to its AggLayer, and as the total value locked within the protocol has decreased significantly since Miden’s launch. Currently, $864 million is locked within Polygon networks, down approximately 80% from the day Miden was announced at $4.4 billion.

Sandeep Nailwal, the founder of Polygon Labs, expressed his confidence in Miden as the future of blockchain architecture, emphasizing its edge execution capabilities and innovative design. Miden is poised to play a crucial role in providing privacy and fast transaction speeds for large institutions in the blockchain space. Bullish Group, a leading player in the blockchain and digital asset industry, is majority owned by Block.one. Both companies have interests in a variety of blockchain and digital asset businesses and hold significant amounts of digital assets, including bitcoin. CoinDesk, an independent subsidiary of Bullish Group, operates with journalistic integrity under the guidance of an editorial committee chaired by a former editor-in-chief of The Wall Street Journal.

The partnership between Bullish Group and Block.one brings together two powerhouses in the blockchain and digital asset space. With their combined resources and expertise, they are well-positioned to drive innovation and growth in the industry. The significant holdings of digital assets, particularly bitcoin, give them a strong foundation to support their various business ventures.

CoinDesk, as an independent subsidiary, plays a crucial role in providing unbiased and accurate news and analysis in the blockchain and digital asset space. The formation of an editorial committee chaired by a seasoned journalist ensures that journalistic integrity is maintained in all aspects of the news organization’s operations.

As the blockchain and digital asset industry continue to evolve and expand, Bullish Group, Block.one, and CoinDesk are poised to play a key role in shaping its future. Their strategic partnerships, significant holdings, and commitment to journalistic integrity position them as leaders in the industry. With their combined expertise and resources, they are well-equipped to navigate the ever-changing landscape of blockchain and digital assets and drive innovation and growth in the industry. Could’ve sworn the page was around here somewhere…

As you navigate through the vast world of the internet, occasionally you may come across a 404 error page. This page is essentially a dead-end, signaling that the webpage you were looking for cannot be found. It can be frustrating and confusing, especially when you thought you were on the right track.

The 404 error page often features a message like “Could’ve sworn the page was around here somewhere…” along with an image, typically a quirky or humorous graphic. This is meant to lighten the mood and make the user experience a bit more enjoyable despite the disappointment of not finding the desired content.

In the case of CoinDesk, their 404 error page includes an image of the CoinDesk logo with a puzzled expression, as if even the logo itself is unsure of where the missing page went. Below the image, there is a button that directs users back to the homepage, providing a quick and easy way to start fresh and continue exploring the site.

While encountering a 404 error can be frustrating, it’s important to remember that it’s a common occurrence on the web. Websites are constantly updating and changing, which can lead to broken links or deleted pages. In most cases, a simple refresh or navigating back to the homepage can solve the issue.

If you consistently encounter 404 errors on a specific website, it may be worth reaching out to the site’s support team to report the issue. This can help them identify and fix any underlying problems that are causing the broken links.

In the meantime, take a moment to appreciate the creativity and humor behind the 404 error page design. It’s a small reminder that even in the digital world, mistakes happen, but they can be handled with grace and a touch of humor.

The world of technology is constantly evolving, and one of the most exciting developments in recent years has been the rise of artificial intelligence (AI). AI is a branch of computer science that aims to create machines that can perform tasks that typically require human intelligence, such as visual perception, speech recognition, decision-making, and language translation.

One of the key areas where AI is making a significant impact is in the field of healthcare. The potential for AI to revolutionize the healthcare industry is immense, with the ability to improve patient outcomes, reduce medical errors, and streamline processes.

One of the ways AI is being used in healthcare is through medical imaging. AI algorithms can analyze medical images such as X-rays, MRIs, and CT scans to detect abnormalities and assist radiologists in making more accurate diagnoses. This can help to speed up the diagnostic process and ensure that patients receive the appropriate treatment in a timely manner.

AI is also being used to personalize treatment plans for patients. By analyzing large amounts of data, AI algorithms can identify patterns and trends that can help healthcare providers tailor treatment plans to individual patients based on their unique characteristics and medical history. This personalized approach can lead to better outcomes and a higher quality of care for patients.

Another area where AI is making a significant impact in healthcare is in the field of predictive analytics. By analyzing data from electronic health records, AI algorithms can identify patients who are at risk of developing certain medical conditions or complications. This can help healthcare providers intervene early and take preventive measures to reduce the likelihood of these events occurring.

AI is also being used to improve the efficiency of healthcare operations. By automating routine tasks such as appointment scheduling, billing, and administrative processes, AI can free up healthcare providers to focus on patient care and reduce the burden of paperwork and administrative tasks.

While the potential of AI in healthcare is vast, there are also challenges that need to be addressed. These include concerns around data privacy and security, the need for regulatory oversight, and ensuring that AI algorithms are transparent and accountable. However, with the right safeguards in place, AI has the potential to transform the healthcare industry and improve the lives of patients around the world.

In conclusion, AI is revolutionizing the healthcare industry in numerous ways, from improving diagnostic accuracy to personalizing treatment plans and streamlining operations. While there are challenges to overcome, the potential benefits of AI in healthcare are immense, and the future looks promising for patients and healthcare providers alike. The world of technology is constantly evolving, with new innovations and advancements being made every day. One such advancement that has been gaining popularity in recent years is artificial intelligence (AI). AI is a branch of computer science that aims to create intelligent machines that can think, learn, and adapt like humans.

One of the key areas where AI is making a significant impact is in the field of healthcare. AI has the potential to revolutionize the way healthcare is delivered, making it more efficient, accurate, and personalized. From diagnosing diseases to developing personalized treatment plans, AI is helping healthcare providers deliver better outcomes for their patients.

One of the most promising applications of AI in healthcare is in medical imaging. AI algorithms can analyze medical images such as X-rays, MRIs, and CT scans with incredible speed and accuracy, helping radiologists detect abnormalities and diagnose diseases more quickly and accurately. This can lead to earlier detection of diseases such as cancer, which can significantly improve patient outcomes.

AI is also being used to develop personalized treatment plans for patients. By analyzing large amounts of data, including genetic information, medical history, and treatment outcomes, AI algorithms can help healthcare providers tailor treatment plans to individual patients, increasing the likelihood of successful outcomes.

In addition to diagnosis and treatment, AI is also being used to improve patient care and outcomes. AI-powered chatbots and virtual assistants can provide patients with information and support, helping them make informed decisions about their healthcare. AI can also be used to predict patient outcomes and identify patients at risk of complications, allowing healthcare providers to intervene early and prevent adverse events.

While the potential benefits of AI in healthcare are vast, there are also challenges that need to be addressed. One of the main concerns surrounding AI in healthcare is data privacy and security. As AI algorithms rely on large amounts of data to make informed decisions, there is a risk that patient data could be compromised or misused. Healthcare providers must ensure that patient data is protected and that AI systems comply with privacy regulations.

Another challenge is the potential for bias in AI algorithms. AI systems are only as good as the data they are trained on, and if the data is biased, the AI algorithm may produce biased results. Healthcare providers must be vigilant in ensuring that AI systems are trained on diverse and representative data to avoid bias in decision-making.

Despite these challenges, the potential of AI in healthcare is immense. By harnessing the power of AI, healthcare providers can deliver more accurate diagnoses, personalized treatment plans, and improved patient care. As AI continues to advance, the future of healthcare looks brighter than ever. Title: The Impact of Social Media on Mental Health

In today’s digital age, social media has become an integral part of our daily lives. With the rise of platforms like Facebook, Instagram, Twitter, and TikTok, we are constantly connected to a virtual world where we can share our thoughts, experiences, and photos with millions of people. While social media has undoubtedly revolutionized the way we communicate and interact with others, it has also had a significant impact on our mental health.

One of the most concerning effects of social media on mental health is the rise of comparison and self-esteem issues. Studies have shown that constantly seeing curated and filtered images of other people’s lives can lead to feelings of inadequacy and low self-worth. This phenomenon, known as “social comparison theory,” can cause individuals to constantly compare themselves to others and feel like they are not living up to the standards set by their peers.

Moreover, the constant validation-seeking behavior that is prevalent on social media can also have a negative impact on mental health. The need for likes, comments, and shares can lead to a vicious cycle of seeking external validation and feeling anxious or depressed when it is not received. This can also lead to addictive behaviors, as individuals may feel the need to constantly check their social media accounts for updates and notifications.

Another issue that has arisen from the proliferation of social media is cyberbullying. With the anonymity that the internet provides, individuals may feel emboldened to engage in harmful behavior towards others online. This can have serious consequences on the mental health of those who are targeted, leading to feelings of isolation, depression, and even suicidal thoughts.

Despite these negative impacts, social media can also have positive effects on mental health. Platforms like Instagram and Facebook have become important tools for connecting with friends and family, especially during times of physical distancing. Additionally, social media can be a source of support and information for individuals who are struggling with mental health issues, as there are numerous online communities dedicated to providing resources and support for those in need.

In conclusion, while social media has undoubtedly changed the way we communicate and interact with others, it is important to be mindful of its impact on our mental health. By being aware of the negative effects of comparison, validation-seeking behavior, and cyberbullying, we can take steps to protect our mental well-being while still enjoying the benefits that social media has to offer. It is crucial to strike a balance between our online and offline lives in order to maintain a healthy relationship with social media and prioritize our mental health. The world is constantly changing, and with it, so are the ways in which we interact with each other. In recent years, social media has become an integral part of our daily lives, allowing us to connect with friends, family, and even strangers from all over the globe. However, as social media continues to evolve, so do the risks and challenges associated with it.

One of the biggest challenges facing social media users today is the issue of online privacy. With the rise of data breaches and cyber attacks, many people are becoming more aware of the need to protect their personal information online. From hackers gaining access to sensitive data to companies selling user information to advertisers, the threats to online privacy are numerous and constantly evolving.

In response to these growing concerns, many social media platforms have implemented new privacy settings and features to help users protect their information. For example, Facebook now allows users to control who can see their posts and photos, as well as who can send them friend requests. Twitter has also introduced new privacy options, such as the ability to restrict who can see your tweets and who can tag you in photos.

Despite these efforts, many users still feel uneasy about sharing personal information on social media. This has led to a growing trend of “digital detoxing,” where people take a break from social media in order to protect their privacy and mental well-being. Some users have even gone so far as to delete their accounts entirely, citing concerns about the negative impact of social media on their lives.

In addition to privacy concerns, social media also presents challenges in terms of online harassment and cyberbullying. With the anonymity that social media provides, some users feel emboldened to engage in hurtful and abusive behavior towards others. This can have serious consequences, especially for young people who may be more vulnerable to online bullying.

To combat this issue, many social media platforms have implemented tools and reporting mechanisms to help users deal with harassment and bullying. For example, Instagram now allows users to block and report abusive accounts, while Twitter has introduced new features to filter out harmful content. Despite these efforts, online harassment remains a persistent problem, and more needs to be done to protect users from this type of abuse.

In conclusion, while social media has revolutionized the way we communicate and connect with each other, it also presents new challenges and risks that must be addressed. From concerns about online privacy to issues of cyberbullying, it is clear that social media platforms must do more to ensure the safety and well-being of their users. By working together to create a safer and more respectful online environment, we can harness the power of social media for good and continue to benefit from the many ways in which it enriches our lives.