Miden is an edge blockchain that shifts transaction execution and state management to the client side, enabling scalable public and private transactions. It enhances throughput through client-side proving and provides users with self-custodied state control for improved privacy.
Funding
$25M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional blockchains face inherent limitations in scalability, privacy, and safety, hindering the development of advanced applications. The need for re-execution of transactions and centralized state management creates bottlenecks and compromises user data control.
Solution
Miden is an edge blockchain designed to overcome these limitations by shifting transaction execution and state management to the client side. This approach enables applications to scale efficiently through both public and private transactions. By leveraging client-side proving, Miden eliminates the requirement for network re-execution of computations, thereby enhancing throughput. Users benefit from self-custodied state control, ensuring their data and transaction details remain private. Furthermore, Miden facilitates secure smart contract development using Rust and incorporates native account abstraction, minimizing the attack surface and providing a robust platform for building decentralized applications.
Target Audience
Miden targets developers and Web3 product teams seeking to build scalable, private, and secure decentralized applications that push the boundaries of blockchain technology.
Features
- Client-side proving for transaction execution, eliminating the need for network re-execution.
- Self-custodied state control for enhanced user privacy and data sovereignty.
- Smart contract development in Rust, offering a familiar and safe programming environment.
- Native account abstraction for streamlined user onboarding and flexible account management.
- Support for both public and private transactions to cater to diverse application needs.
- Edge execution model to improve scalability and reduce reliance on centralized infrastructure.
- Native asset storage within user accounts to minimize attack vectors.