Solana
Solana ZK compression: a cryptographic revolution!
3:45 p.m. ▪ 3 min reading ▪ by Fénelon L.
Solana takes the next step in blockchain innovation by launching Zero-Knowledge (ZK) Compression. This feature promises to significantly reduce costs and improve scalability for developers, marking a major turning point in the crypto ecosystem.
A major step forward for the Solana ecosystem
On June 21, Light Protocol and Helius Labs unveiled the ZK Compression on Solana. Indeed, this technology makes it possible to compress the on-chain state of tokens and accounts, significantly reducing storage costs while preserving the integrity and performance of the network.
Mert Mumtaz, CEO of Helius, highlights the scale of this innovation: “We are achieving improvements at 10,000 times scale by compressing the state of the chain. ” This advancement brings Solana closer to its goal of a rapidly synchronized global state machine.
Furthermore, Austin Federa, head of strategy at Solana, highlights the impact on adoption: “This compression resolves a major barrier for institutions and consumer dApps. » By reducing the costs of deploying and managing smart contracts, ZK Compression is paving the way for broader adoption of smart contracts. Solana Ecosystem.
A lively technical debate
The introduction of ZK Compression has sparked a debate among blockchain experts. Some, like Adam Cochran, see similarities with Layer 2 (L2) solutions: “Solana has effectively built an effective Layer 2. »
Anatoly Yakovenko, co-founder of Solana, qualifies this comparison: “It is a solution which is similar to an L2, but without the usual disadvantages such as bridges or external sequencers. This allows Solana validators to capture all transaction fees.
This innovation is part of Solana’s strategy of continuous improvement of its infrastructure. It follows the recent success of memecoins on blockchain and the launch of the Saga smartphone, which contributed to the growth of the ecosystem.
In short, Solana’s ZK Compression marks a crucial step in the evolution of next-generation blockchains. By optimizing costs and scalability, this technology could accelerate the mass adoption of dApps and position Solana as a leader in blockchain efficiency.
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Fenelon L.
Passionate about Bitcoin, I like to explore the intricacies of blockchain and cryptos and I share my discoveries with the community. My dream is to live in a world where privacy and financial freedom are guaranteed for everyone, and I firmly believe that Bitcoin is the tool that can make this possible.
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.