Solana

Foundation

The latest addition to the <a href="https://thecoinrise.com/solana-is-likely-the-ethereum-of-this-cycle-claims-raoul-pal/" rel="noopener noreferrer nofollow">Solana</a> ecosystem is the ZK Compression technology which is expected to improve scalability and reduce transaction cost. This will be achieved by a decrease in blockchain state size which would normally utilize a lot of resources. In the long run, the integration of this technology would translate to improved performance capabilities, according to Solana.&nbsp;
This is a significant milestone for Solana especially after <a href="https://thecoinrise.com/solana-blockchain-just-experienced-another-outage/" rel="noopener noreferrer nofollow">a season of multiple outages and crashes</a>.
<h2 id="b-solana-co-founder-addresses-criticism-on-zk-compression-technology-b">Solana Co-founder Addresses Criticism on ZK Compression Technology&nbsp;</h2>
Like with many novel introductions, the ZK Compression technology has received criticism from some observers. Most of these critics are concerned about the security implications of this new development. However, Anatoly Yakovenko, Solana’s co-founder, clarified their concerns citing that the Solana ZK Compression technology functions as a Layer-2 that requires no chain ID switches or security council multisig.
In addition, Yakovenko noted that it also does not require an external sequencer or a governance token. This does not interfere with transaction fees as it will all still be paid to Solana validators. The effect that this technology has on transaction costs is one of its most unique features. Noteworthy, it is the integration and improvement in efficiency that reduces expenses.
<h2 id="b-pantera-capital-praises-solana-s-latest-integration-b">Pantera Capital Praises Solana’s Latest Integration&nbsp;</h2>
The integration of ZK Compression technology will not alter Solana’s APIs even with the major architectural modification that it brings. As such, developers who leverage the platform are guaranteed of an experience with the most minimal amount of disruption.&nbsp;
Venture Capital firm Pantera Capital is proud of the move that Solana has made with the addition of the ZK Compression technology. Consequently, it released a report that took a comparison between Apple’s ground-breaking tactics and Solana’s creative approach. This comparison led the VC to refer to Solana as the ‘Mac OS’ of the Web3.0 world. For context, Pantera Capital acknowledged its simple interface, quick innovation, and improved security.
<h2 id="b-solana-foundation-removes-validator-operators-b-span-style-font-weight-400-span">Solana Foundation Removes Validator Operators&nbsp;</h2>
Meanwhile, the Solana Foundation recently took decisive action by <a href="https://thecoinrise.com/solana-removes-node-operators-from-delegation-program-heres-why/" rel="noopener noreferrer nofollow">removing several validator operators from its delegation program</a> due to their participation in sandwich attacks targeting Solana users. Solana says it aligns with the foundation’s stringent rules, which explicitly prohibit malicious activity within the network. This decision underscores commitment to maintaining a secure and trustworthy network.&nbsp;
Generally, Solana Foundation is trying to fix the blockchain’s scalability problem and this necessitates a substantial increase in transactions per second to meet demand.&nbsp;
The post <a href="https://thecoinrise.com/solana-integrates-zk-compression-technology-to-improve-scalability/" rel="noopener noreferrer nofollow">Solana Integrates ZK Compression Technology to Improve Scalability</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Solana Integrates ZK Compression Technology to Improve Scalability

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