The Solana (SOL) high-performance L1 blockchain enables ZK compression technology on the mainnet. This development is expected to change the way Solana (SOL) dApps scale and dramatically reduce computational prices, says an experienced developer.
The Solana (SOL) high-performance L1 blockchain enables ZK compression technology on the mainnet. This development is expected to change the way Solana (SOL) dApps scale and dramatically reduce computational prices, says an experienced developer.
Solana (SOL) implements ZK compression mechanism
The Solana (SOL) blockchain adopts ZK compression, a crucial upgrade for its scaling and performance metrics. Mert Mumtaz, co-founder and CEO of Helius, a Solana infrastructure application, hopes the breakthrough will bring “10,000x scaling improvements” to Solana’s L1 design.
In terms of profitability, ZK Compression results in transactions more than 5,200 times cheaper, as revealed by Mumtaz’s calculations.
Technically, the update compresses the size of the Solana blockchain state. As state is the most resource-expensive element of the Solana (SOL) blockchain, enabling the compression mechanism brings a radical reduction in hardware costs and overall blockchain performance.
Previously, Solana (SOL) founder Anatoly Yakovenko presented the upgrade as “the most egalitarian thing I have ever seen.” In his opinion, ZK Compression is expected to “reshape the structure of society.”
Additionally, the new releases include compressed account indexing through Photon, an open source indexer that can run locally.
Pantera Capital names Solana (SOL) the “Mac OS of blockchains”
Despite being a radical reconsideration of the Solana (SOL) design, after ZK compression, the APIs will be almost identical to the existing ones, Mumtaz concluded.
Earlier this week, Pantera Capital, a heavyweight venture capital in the blockchain segment, published a super bullish report on Solana (SOL). Analysts compared Solana (SOL)’s achievements with those of Apple:
Solana has gained significant share over the past year. The change is reminiscent of Microsoft’s dominance in the desktop computer market, until Apple broke with its vertical integration 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.
Thanks to the combination of a seamless user experience, rapid innovation and improved security, Solana (SOL) will become the “Mac OS” of the Web3 sphere, Pantera Capital says in its latest report. Breaking news, cryptocurrency owners vote letter.
