Light

Solana

Saga

Sphere

<p>Solana takes a new step in blockchain innovation by launching Zero-Knowledge (ZK) Compression. This feature promises to drastically reduce costs and improve scalability for developers, marking a major turning point in the crypto ecosystem.</p> 
<h2 id="h-a-major-breakthrough-for-the-solana-ecosystem">A major breakthrough for the Solana ecosystem</h2> 
<p>On June 21, Light Protocol and Helius Labs unveiled the <a href="https://www.cointribune.com/en/crypto-solana-takes-drastic-measures/" target="_blank" rel="noreferrer noopener">ZK compression on Solana</a>. Indeed, this technology allows compressing the on-chain state of tokens and accounts, significantly reducing storage costs while maintaining the integrity and performance of the network.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>Mert Mumtaz, CEO of Helius, highlights the magnitude of this innovation: “<em>We are achieving 10,000x scale improvements by compressing the chain state.</em>” This <a href="https://coinpaprika.com/news/solana-introduces-zk-compression/" target="_blank" rel="noreferrer noopener">advancement</a> brings Solana closer to its goal of a rapidly synchronized global state machine.</p> 
<p>Furthermore, Austin Federa, Head of Strategy at Solana, emphasizes the impact on adoption: “<em>This compression solves a major obstacle for institutions and mainstream dApps</em>.” By reducing deployment and management costs of smart contracts, ZK Compression thus paves the way for broader adoption of the <a href="https://www.cointribune.com/en/crypto-solana-explodes-past-1-million-active-wallets-in-24-hours/" target="_blank" rel="noreferrer noopener">Solana ecosystem</a>.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noreferrer noopener">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<h2 id="h-a-lively-technical-debate">A lively technical debate</h2> 
<p>The introduction of ZK Compression has triggered a debate among blockchain experts. Some, like Adam Cochran, see similarities with Layer 2 (L2) solutions: “<em>Solana has effectively built an efficient L2.</em>“</p> 
<p>Anatoly Yakovenko, co-founder of Solana, nuances this comparison: “<em>It is a solution akin to an L2, but without the usual drawbacks like bridges or external sequencers. It thus allows Solana validators to capture all transaction fees</em>.”</p> 
<p>This innovation is part of Solana’s continuous improvement strategy of its infrastructure. It follows the recent success of <a href="https://www.cointribune.com/en/crypto-the-surprising-impact-of-memecoins-on-solanas-growth/" target="_blank" rel="noreferrer noopener">memecoins</a> on the blockchain and the launch of the Saga smartphone, which have contributed to the ecosystem’s growth.</p> 
<p>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 <a href="https://www.cointribune.com/en/crypto-pantera-capital-sees-solana-as-a-serious-future-rival-to-ethereum/" target="_blank" rel="noreferrer noopener">leader in blockchain efficiency</a>.</p>

ZK Compression on Solana: The Game-Changer That is Igniting the Crypto Sphere

Table of Contents

Cointribune EN

Other articles published on Jun 24, 2024

Hermetic Labs Launches Blockchain Consulting Services (24 Jun)

MoonBag, Pepe Coin, and Arweave: The Ultimate Crypto Showdown – Discover Why MoonBag Reigns Supreme

Expanding Bitcoin’s DeFi Capabilities With Burak’s Brollups

Bitcoin Crash: What To Do As Mt. Gox BTC Payments Threaten Crash To $46,000

Riot requisitions special meeting of Bitfarms, withdraws $950m acquisition proposal

Exploring Future Wealth: How to Maximize Cryptocurrency Profits with KK Miner

Join our free newsletter for daily crypto updates!