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Solana integrates ZK compression on L1, achieving a 10,000x scalability boost for onchain state. Developers are empowered to build efficiently on Solana with reduced costs, marking a significant advancement in blockchain technology. The introduction of ZK compression signals Solana’s stride towards becoming a global financial computer, enhancing speed and cost-effectiveness. Solana is introducing zero-knowledge (ZK) compression directly on its Layer 1 blockchain, aiming to increase scalability by up to 10,000 times and reduce the cost of on-chain operations. This innovative approach promises scale improvements of up to 10,000 times by compressing the on-chain state, tackling one of the most significant challenges in blockchain development today. the big news is here today we’re introducing ZK compression to Solana, directly on the L1 — without requiring L2s this changes everything you thought you knew about Solana and scaling L1s TL;DR — we compress onchain state to get 10,000x scale improvements and get 1 step closer… pic.twitter.com/7FtyLA3Jdp — mert | helius | hSOL (@0xMert_) June 21, 2024 The traditional limitations of on-chain state management have often hindered blockchain platforms like Solana from achieving optimal scalability. High costs associated with maintaining and expanding on-chain state have posed obstacles for developers seeking to scale applications seamlessly. However, Solana’s adoption of ZK compression directly on L1 promises to alleviate these challenges, offering developers a robust framework to build and scale applications without the need for external scaling solutions. Moreover, the implications extend beyond efficiency gains. By compressing the on-chain state, Solana paves the way for broader adoption and innovation across its ecosystem. Developers can now explore a myriad of possibilities, leveraging Solana’s enhanced scalability to build complex applications at reduced costs. The addition of ZK compression is a significant stride for Solana in addressing scalability issues in blockchain technology. It tackles the problems of cost and efficiency…

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Filed under: News - @ June 24, 2024 5:28 pm