🔔 Solana has launched a new feature, ZK Compression, in collaboration with Light Protocol and Helius Labs. This innovation aims to reduce on-chain storage costs by 99% using zero-knowledge proofs. 🚀 The feature allows developers to store crucial data on Solana’s ledger space without compromising on security or performance. The cost of storing 100 compressed token accounts could be reduced to 0.0004 SOL from 0.2 SOL. For large-scale operations, costs could drop from $260,000 to just $50. However, some critics argue that ZK Compression is essentially a Layer 2 network. What are your thoughts? 💭