Miden is a Layer 2 blockchain built on Ethereum. Here's how it works: transaction proofs get posted to Ethereum, creating an on-chain record that everything actually happened. But here's the thing—the heavy lifting? That all goes down off-chain.
So you get the security guarantees of Ethereum without clogging up the main chain. It's the whole point of L2s, really.
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PhantomMiner
· 3h ago
Basically, it's offloading the calculations to the off-chain, while still relying on Ethereum for security. This is how all the current L2s operate.
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AirdropHunterXM
· 3h ago
The off-chain computation set is really becoming more competitive, but the idea behind Miden is indeed clever.
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SelfCustodyIssues
· 4h ago
NGL Miden, I understood this logic a long time ago, just want to know who's using it.
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SignatureAnxiety
· 4h ago
Speaking of Miden, I really understand this set of tools, but there are still too few projects that can actually be used.
Hold up, let me break this down properly.
Miden is a Layer 2 blockchain built on Ethereum. Here's how it works: transaction proofs get posted to Ethereum, creating an on-chain record that everything actually happened. But here's the thing—the heavy lifting? That all goes down off-chain.
So you get the security guarantees of Ethereum without clogging up the main chain. It's the whole point of L2s, really.