According to Odaily, Composability Labs is in the process of creating a Central Limit Order Book (CLOB) on Polygon Miden using a state minimization approach. The company is also developing Spark, a high-speed on-chain decentralized order book, which will be deployed on Polygon Miden using a state minimization design.
The state minimization method is a technique that aims to reduce the complexity of the system, making it more efficient and easier to manage. By applying this approach, Composability Labs is aiming to enhance the performance and speed of the order book.
The development of Spark and the CLOB on Polygon Miden signifies a significant step in the field of decentralized finance. It showcases the potential of blockchain technology in creating efficient and transparent financial systems. The deployment of these systems on Polygon Miden further highlights the platform's capabilities in supporting advanced financial applications.