What Is Polygon Nightfall & Why Does It Matter? by finguru

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hive-167922 · @finguru · May 21 '22

$21.17

What Is Polygon Nightfall & Why Does It Matter?

![Polygon Nightfall.png](https://images.hive.blog/DQmSyPXNSBXM21jFvLCocA5Tm5dV9dDy6GuQakfvNBjd7EU/Polygon%20Nightfall.png)

---

Blockchain Technology is transforming the different industries across the planet. The trillion $$ question is - *How it can help Enterprises solve complex in a secure and cost-effective manner?* Big corps & even the small startups deal with a huge amount of data every day. It is generated internally or taken from external sources. That is why Enterprise needs for a private & secure blockchain are rising. Because a degree of trust is established without the need for any intermediary. Right now, most solutions are centralized and without privacy protection. Public Blockchains are not suitable since all transactions are visible to irrelevant parties. Businesses will not allow their transactional data to get out in the open. There's a huge scalability and optimization issue as well. Project Nightfall By Polygon aims to solve these problems using a hybrid ZK - Optimistic rollup technology. 

Polygon is at it once again, slowly and gradually building the future of WEB3. In this blog, we are going to briefly examine Project Nightfall & its features. In the end, we will discuss why it matters to the Enterprise Solution market.

<center><h3> What Is Project Nightfall? </h3> </center>

**[Nightfall](https://blog.polygon.technology/introducing-polygon-nightfall-mainnet-decentralized-private-transactions-for-enterprise/?utm_source=Twitter-Main+&utm_medium=Tweet+&utm_campaign=Tier-1-Announcement+)** is Polygon's first blockchain solution for enterprises, enabling them to do their complex day-to-day functions with ease. As mentioned in the introduction of this blog, it uses a hybrid ZK - Optimistic rollup to provide the following features to enterprises:

- **Security:** Security of Ethereum as a settlement layer 
- **Efficiency:** Fast transactions & low fees
- **Privacy:** No third-party access to transactions and data

The Polygon team has launched Nightfall Beta Mainnet on 17th May which will be tested in collaboration with one of the 'big four' accounting firms - Ernst & Young (EY). Both of them have joined hands to research & create permissioned, private industry blockchains for enterprises. Currently, EY has two flagship blockchain-related services:

- **EY OpsChain** 
- **EY Blockchain Analyzer**

Both of them are now connected to Polygon Nightfall and current users can access them by connecting to Polygon Network.  


<center><h3> Polygon's To Disrupt Supply Chain & Other Industries </h3></center>

Sandeep Naliwal, Polygon's CEO aims to provide a radical change to the $50 Trillion global supply-chain industry. It is at the core of any business out there making it one of the major use cases of Nightfall. OpsChain from EY helps other companies track & manage their supply chain. It will allow them to create NFTs representing real-life assets. They will be traceable on-chain and can be verified within the inventory. Using Nightfall will be faster and cheaper than legacy solutions. At the same time, privacy of sensitive data will be preserved. Apart from this, there are several use cases in Finance, Healthcare, Transport, Education, Agriculture etc. Polygon's team is also thinking of collaborating NFT marketplaces to create and trade private NFT assets. 

Better data means better business decisions. Moreover, blockchain in association with ZK & Optimistic rollup technologies provide decentralization, accountability, immutability, scalability, security, ease of use, and privacy. A verstatile solution like Nightfall matters because it would definitely empower all kinds of enterprises & business verticals to transform the way they work. What do you guys think? Comment below!

---

<center>https://images.hive.blog/DQmRYCtecfkQ5bAxRpXCyEQutQ7GjXQ5RHgCr3LroxZJTza/Untitled%20design.png
</center>
<center><sub>https://leofinance.io/@finguru</sub></center>

<center>![Twitter.png](https://images.hive.blog/DQmd36nfbzEDDx1K1frRNzvL4FdD8yr3cP7rmopKqRbZJNH/Twitter.png)</center>

<center><sub>https://twitter.com/finguru6</sub></center>

<center>https://images.hive.blog/DQmSnqSqWwBC5ctK6KTGXsW7odYxH6Qfpi88YnhSKtXuxSE/DL.png</center>
<center><sub>[finguru#4062](discord.com)</sub></center>

---

<center>https://images.hive.blog/DQmXx37Qj1Q82V8nMzy5NYUABNNUff3d6iAQacXi34sz8AP/image.png</center><center><sub>Not financial advice. For infotainment purposes only.</sub></center>





Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@finguru/what-is-polygon-nightfall-and-why-does-it-matter)

👍 leo.voter, jphamer1, empoderat, muratkbesiroglu, niallon11, taskmaster4450le, pouchon, fw206, bitcoinflood, whatsup, jk6276, brofi, anadolu, ocupation, howzat, diverse, nnaraoh, p-hive, bearbear613, lbi-token, bitrocker2020, adambarratt, anomadsoul, bluerobo, eddie-3speak, uwelang, marianaemilia, listnerds, dlike, ireenchew, jmsansan.leo, hykss.leo, megavest, roleerob, pixelfan, elements5, stefano.massari, r0nd0n, leofinance, solairitas, hitmeasap, cflclosers, new-world-steem, jacuzzi, gadrian, videosteemit, ew-and-patterns, contrabourdon, jfang003, gniksivart, leeyh2, scooter77, forexbrokr, khaleelkazi, enjoyinglife, sacrosanct, hivehustlers, rufans, pardinus, break-out-trader, brofund-leo, vintherinvest, brofund, knowhow92, and 230 others
👎 xleo.voter

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@bitcoinflood · May 21 '22

Interesting it's good to see polygon still doing work. What's crazy though is it was thought this would be the go to layer 2 token to offload some of that massive volume and high fees from Ethereum. It's proven to have some real issues but at least they are being worked on.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bitcoinflood/re-finguru-4d99md)

👍 finguru

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@finguru · May 22 '22

That's why I love polygon and it has a special place in my portfolio. These guy are onto so much cool stuff. 🔥

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@finguru/re-bitcoinflood-4wdtnd)

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@bluerobo · May 21 '22

How about Polygon would focus on becoming more reliable first?

👍 dustbunny, finguru
👎 stimialiti

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@beerlover · May 21 '22

<div class='pull-right'>https://files.peakd.com/file/peakd-hive/beerlover/yiuU6bdf-beerlover20gives20BEER.gif<p><sup><a href='https://hive-engine.com/?p=market&t=BEER'>View or trade </a> <code>BEER</code>.</sup></p></div><center><br> <p>Hey @bluerobo, here is a little bit of <code>BEER</code> from @isnochys for you. Enjoy it!</p> <p>Learn how to <a href='https://peakd.com/beer/@beerlover/what-is-proof-of-stake-with-beer'>earn <b>FREE BEER</b> each day </a> by staking your <code>BEER</code>.</p> </center><div></div>

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@beerlover · May 22 '22

<div class='pull-right'>https://files.peakd.com/file/peakd-hive/beerlover/yiuU6bdf-beerlover20gives20BEER.gif<p><sup><a href='https://hive-engine.com/?p=market&t=BEER'>View or trade </a> <code>BEER</code>.</sup></p></div><center><br> <p>Hey @bluerobo, here is a little bit of <code>BEER</code> from @isnochys for you. Enjoy it!</p> <p>Learn how to <a href='https://peakd.com/beer/@beerlover/what-is-proof-of-stake-with-beer'>earn <b>FREE BEER</b> each day </a> by staking your <code>BEER</code>.</p> </center><div></div>

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@finguru · May 21 '22

Haha I know right! It's the 'best' ETH L2 out there. That doesn't change the fact they need to get their shit together. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@finguru/re-bluerobo-6x3rd2)

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@invest4free · May 21 '22

In a centralized project that would make sense. In the decentralized world though, expansion is constantly going in all directions. 

The fact that there’s people working on this project, does not mean that reliability is neglected. 

Also, reliability is mostly due to the amount of nodes and their individual reliability. By introducing interesting new concepts, more investors come in and then more people are interested to start a node. Thereby increasing reliability.

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@finguru · May 21 '22

That's true. Polygon is trying to solve real-world problems with its solutions stack. I can only wish and hope that they will work on the 'reliability' part to make the UX even better.  

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@finguru/re-invest4free-6vcjc5)

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1 reply

@isnochys · May 21 '22

Thank you for your [witness vote](https://hivesigner.com/sign/account-witness-vote?witness=isnochys&approve=1)!
 Have a !BEER on me!
To Opt-Out of my witness beer program just comment !STOP below

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@isnochys · May 22 '22

Thank you for your [witness vote](https://hivesigner.com/sign/account-witness-vote?witness=isnochys&approve=1)!
 Have a !BEER on me!
To Opt-Out of my witness beer program just comment !STOP below

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@witnessbot · May 21 '22

Hello @bluerobo
This is my own !BEER
Have fun with it!:)

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@beerlover · May 21 '22

You need to stake more BEER (24 staked BEER allows you to call BEER one time per day)

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@curation-cartel · May 22 '22

![Don-1UP-Cheers-Cartel-250px.png](https://files.peakd.com/file/peakd-hive/curation-cartel/23wgDhXHXhDmLCUp4RXCi4QwSwg2eCBXYV3b8uBMLvQ7BDWDG4eFSyWTp58qTjfu5ULQD.png) |  <div class="phishy"><u><h4>You have received a __1UP__ from @thecuriousfool!</h4></u></div> The following @oneup-cartel family members will soon upvote your post:<br> __<code>@leo-curator, @ctp-curator, @vyb-curator, @pob-curator, @neoxag-curator</code>__  <br>_And they will bring !PIZZA 🍕_ 
-|-

<sup>[Learn more](https://peakd.com/hive-102223/@flauwy/the-curation-cartel-1up-trigger-smart-voting-mana-and-high-delegation-returns-for-14-different-tribes) about our delegation service to earn daily rewards. Join the family on [Discord](https://discord.gg/mvtAneE3Ca).</sup>

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@d-zero · May 21 '22

$0.04

While doing research I found this:

https://www.youtube.com/watch?v=7pWxCklcNsU

It's a good fast explanation of how tech works. Hope readers will find it educational :)
!PIZZA

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@d-zero/re-finguru-7pukwv)

👍 roleerob, finguru, thecuriousfool

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thecuriousfool	2,535,137,894	53%

@finguru · May 21 '22

$0.04

Thanks for sharing this video. It's amazing and simple to understand. 'Rollups' is a complex topic and one should definitely read more about them and see how they work. I will watch it again to brush up my knowledge. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@finguru/re-d-zero-e6ems)

👍 d-zero

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@d-zero · May 21 '22

That channel is full of short educational content on lots of crypto topics. As cherry o top it's beginner friendly. I can send people there to learn without worry 😄
!PIZZA

👍 roleerob

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1 reply

@thecuriousfool · May 22 '22

This video helped me a lot in understanding the article.
Thank you for sharing it. :)
!PIZZA

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@thecuriousfool/re-d-zero-5qdgtb)

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@finguru · May 22 '22

Watch more of his videos. Such fun and so much golden info. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@finguru/re-thecuriousfool-dsbas)

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@dwayne16 · May 23 '22

I think the only reason why I have not invest too much in polycub is because of security, what do you think about their security?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@dwayne16/re-finguru-5sjnu1)

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@howzat · May 21 '22

RE: What Is Polygon Nightfall & Why Does It Matter?

In future, we may see crypto projects looking at real use cases that they could offer which could really be awesome for the technology itself.

Posted using [LeoFinance Mobile](https://leofinance.io)

👍 finguru

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@finguru · May 22 '22

Looks like that future is quite near 🔥🔥

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@finguru/re-howzat-4jqqu6)

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@india-leo · May 21 '22

Indiaunited Curation 1653142081676

This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators. 

<sub>**Please contribute to the community by upvoting this comment and posts made by @indiaunited.**</sub>

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@jfang003 · May 21 '22

I am confused, are they making their own blockchain or are they using Polygon as their underlying blockchain? 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-finguru-3c5iht)

👍 finguru

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@finguru · May 22 '22

It's a different chain (new) for enterprises. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@finguru/re-jfang003-7vffov)

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@pizzabot · May 22 '22 (edited)

RE: What Is Polygon Nightfall & Why Does It Matter?

<center>PIZZA! PIZZA! PIZZA! PIZZA! 


PIZZA Holders sent <strong>$PIZZA</strong> tips in this post's comments:
@curation-cartel<sub>(13/20)</sub> tipped @finguru (x1)
thecuriousfool tipped d-zero (x1)
d-zero tipped finguru (x2)


<sub>You can now send $PIZZA tips in <a href="https://discord.gg/hivepizza">Discord</a> via tip.cc!</sub></center>

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@poshtoken · May 21 '22

https://twitter.com/finguru6/status/1528011498928230400
<sub> The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>

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@taskmaster4450le · May 21 '22

Very interesting.

Polygon's CEO?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-finguru-5dbxkr)

👍 finguru

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@finguru · May 21 '22

Sandeep Naliwal - https://twitter.com/sandeepnailwal

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@finguru/re-taskmaster4450le-34dsan)

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@thecuriousfool · May 22 '22

Interesting and informative. Thank you for letting us know. :)

!1UP

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@thecuriousfool/re-finguru-wacpq)

👍 finguru

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@finguru · May 22 '22

Thank you so much mate. My pleasure! Cheers. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@finguru/re-thecuriousfool-5hk7s6)

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@thecuriousfool · May 23 '22

I sure will. :)

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