Mir Protocol is used for Byzantine Fault Tolerance (BFT) consensus algorithms, enabling blockchain systems to confirm transactions faster while enhancing security and scalability. In simulations, their algorithm outperformed others tested with optimally configured timeout parameters by approximately 14%.
Project Introduction
Mir allows developers to build new types of decentralized applications and provides solutions to fundamental problems faced by blockchains: the lack of scalability and privacy.
Mir is a zero-knowledge proof-driven platform for decentralized applications. The goal of Mir is straightforward: enable developers to build scalable and private decentralized applications.
Mir supports existing decentralized applications while also providing privacy and reducing the size of validators state by 1,000 times. Mir scales horizontally, increasing throughput with each node added to the network without sacrificing security, availability, or decentralization.
This makes Mir a new kind of blockchain. As applications gain popularity, more nodes will be incentivized to join Mir, enabling greater scale. Developers can build internet-scale (and private!) applications without competing for block space.