Solana

Evolution

DeFi

Cosmos

<h4><strong>Solana is set to revolutionize blockchain scalability by introducing ZK compression directly on its Layer 1 (L1). </strong></h4> 
<p>This will eliminate the need for Layer 2 (L2) solutions. Let’s explore more about this important news for Solana’s ZK.</p> 
<h5><strong>Solana’s ZK Compression: A Milestone in Blockchain Evolution</strong></h5> 
<p>Traditionally, blockchain networks like <a href="https://www.altcoinbuzz.io/?s=ethereum" target="_blank" rel="noopener">Ethereum</a> and Cosmos have grappled with scalability issues and high transaction costs due to their modular design. In contrast, Solana’s innovative approach now allows for compressing on-chain state data, leading to a staggering 10,000-fold improvement in scalability. This breakthrough brings Solana one step closer to realizing the vision of “The Financial Computer”. It aims to be a globally unstoppable atomic state machine that synchronizes at the speed of light.</p> 
<p>This means developers can now build and scale virtually any application directly on <a href="https://www.altcoinbuzz.io/?s=solana" target="_blank" rel="noopener">Solana</a> without needing additional layers. Consider the example of conducting an airdrop to 1,000,000 users. Previously, the cost solely for storing the state data would exceed $260,000. With Solana’s new compression capabilities, this cost has plummeted to just $50 — making it 5,200 times cheaper. This drastic reduction in costs is not limited to token accounts alone; it applies to every aspect of Solana’s ecosystem, as every entity on Solana is treated as an account, ensuring universal scalability.</p> 
<p><img decoding="async" class="wp-image-143753 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfdggdfgfdfgd-169x300.png" alt="" width="431" height="765" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfdggdfgfdfgd-169x300.png 169w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfdggdfgfdfgd-236x420.png 236w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxfdggdfgfdfgd.png 298w" sizes="(max-width: 431px) 100vw, 431px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/0xmert_/status/1804244166584516865?s=43" target="_blank" rel="noopener">X</a></strong></h6> 
<h5><strong>More About Solana’s ZK Compression</strong></h5> 
<p>This advancement is a game-changer for <a href="https://www.altcoinbuzz.io/?s=solana+dapps" target="_blank" rel="noopener">decentralized applications (dApps)</a> and DeFi projects hosted on Solana. It empowers developers to innovate without being constrained by scalability concerns or exorbitant costs, thereby fostering a more inclusive and efficient blockchain ecosystem.</p> 
<p><img decoding="async" class="wp-image-143754 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/GQn2gU0X0AA2R9e-208x300.jpg" alt="" width="417" height="601" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/GQn2gU0X0AA2R9e-208x300.jpg 208w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/GQn2gU0X0AA2R9e-291x420.jpg 291w" sizes="(max-width: 417px) 100vw, 417px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/0xmert_/status/1804244166584516865?s=43" target="_blank" rel="noopener">X</a></strong></h6> 
<p>Furthermore, Solana’s decision to implement <a href="https://www.altcoinbuzz.io/cryptocurrency-news/lens-adopts-zksync-technology-for-enhanced-social-network/" target="_blank" rel="noopener">ZK compression</a> directly on L1 underscores its commitment to pushing the boundaries of blockchain technology. By enabling such transformative improvements in scalability and cost-efficiency, Solana is poised to attract even more developers and enterprises looking to leverage blockchain for a wide array of applications beyond finance.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/solanas-zk-compression-redefining-blockchain-scaling-at-l1/">Solana’s ZK Compression: Redefining Blockchain Scaling at L1</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Solana’s ZK Compression: Redefining Blockchain Scaling at L1

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