Following a well-drafted selection process and scheme, the Mina Foundation and the Ethereum Foundation are expected to present a contract worth $ 1.2 million to = nil; The Foundation’s Crypto3 group. The reward is a round of applause for checking out Mina’s SNARK Pickles located on the Ethereum VM channel. The award-winning project helped Mina achieve verified status on Ethereum and various channels like Polygon which are supported by EVM, helping teams improve their expansion in the virtual currency industry.
According to the announcement, the verified status will allow decentralized apps on other popular channels to seamlessly access Mina’s zk-SNARK-supported dApps, known as Snapps. Participating projects will have access to a variety of lucrative features such as privacy-centric data verification, secure connections, reliable proof of long calculations, and more.
The Ethereum Foundation is a renowned NPO group that strives to popularize Ethereum and other related protocols. The project feeds critical projects within Ethereum and the external cluster. Le = nothing; Foundation was designed to support crypto projects by providing the expertise needed for important projects. The Mina Foundation is a branch of the Mina Protocol, a popular blockchain network. The foundation provides grants to third-party projects that help manage the base protocol.
Regarding the award, Evan Shapiro, CEO of Mina Foundation, said the team is very excited to partner with Ethereum Foundation et = nil for the crucial project. Checking the Mina chain on Ethereum will allow developers to use SNARKs on the Ethereum network while building DApp solutions. The teams will strive to improve the potential of digital auditability and privacy across decentralized channels.
Mina’s verification on Ethereum can be seen as the basis for designing a two-way link between the two powerful decentralized portals. The highly anticipated link will facilitate secure and untrustworthy verification of Ethereum user accounts and dApps through Mina’s full nodes on web portals and mobile phones. The project will function as a tool to build secure bridges across multiple channels, facilitating high-end security through cryptography and zero-knowledge proofs. Dynamic functionalities help to provide strong guarantees on cross-chain networks.