Solana
Solana (SOL) welcomes the most crucial upgrade in years
Vladislav Sopov
Thanks to the all-new ZK compression mechanism, Solana (SOL) scales to L1 by up to 10,000 times in performance.
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The high-performance Solana (SOL) L1 blockchain enables ZK compression technology in the mainnet. This development is expected to change the way Solana (SOL) dApps scale and will significantly reduce compute costs, says a veteran developer.
Solana (SOL) implements the ZK compression mechanism
The Solana (SOL) blockchain is adopting ZK Compression, a crucial upgrade for its scaling and performance metrics. Mert Mumtaz, co-founder and CEO of Helius, an infrastructure application of Solana, expects these advancements to bring “10,000-scale improvements” to Solana’s L1 design.
In terms of profitability, ZK Compression results in transactions more than 5,200 times cheaper, as Mumtaz’s calculations reveal.
Technically, the upgrade compresses the state size of Solana’s blockchain. Since state is the most resource-intensive element of the Solana (SOL) blockchain, enabling the compression mechanism results in a radical reduction in hardware costs and overall blockchain performance.
Earlier, Solana (SOL) founder Anatoly Yakovenko touted the upgrade as “the most egalitarian thing he’s ever seen.” According to him, ZK Compression should “reshape the social fabric”.
Additionally, new versions include compressed account indexing via photon, an open source indexer that can be run locally.
Pantera Capital names Solana (SOL) the “Mac OS of blockchains”
Although this is a radical reconsideration of the design of Solana (SOL), after ZK Compression, the APIs will be almost identical to the existing ones, Mumtaz concluded.
Earlier this week, Pantera Capital, a leading venture capitalist in the blockchain segment, published an ultra-bullish report on Solana (SOL). Analysts compared with The achievements of Solana (SOL) with those of Apple:
Solana has gained significant share over the past year. The shift is reminiscent of Microsoft’s dominance in the early desktop market, until Apple broke through with its vertically integrated approach. Solana is now a major contender for the future of blockchain development. Solana’s monolithic architecture has a product roadmap focused on optimizing each component of its own blockchain, similar to Apple’s approach with its vertically integrated hardware and software stack in macOS.
With the combination of seamless UX, rapid innovation and strong security, Solana (SOL) will become the “Mac OS” of the Web3 sphere, says Pantera Capital in its latest Newsflash, Crypto Owners Vote letter .
About the Author
Vladislav Sopov
Blockchain analyst and writer with a scientific background. 6+ years in computer analysis, 3+ years in blockchain.
Worked in independent analyzes as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)