According to TechFlow, Solana ecosystem Light Protocol and Helius Labs announced the launch of "ZK Compression" technology to help expand applications on Solana.
ZK Compression works by compressing states, allowing developers to store certain types of data in Solana's cheap ledger space instead of expensive account space. This technology can significantly reduce storage costs, allowing developers to store large numbers of compressed token accounts at a lower price.
Some members of the Ethereum community have been critical of the new technology, arguing that it should be classified as an L2 network.
Solana’s co-founder responded that the technology is actually an L2 network that does not require security committee multi-signatures, users do not need to switch chain IDs, does not require governance tokens, and does not require external sequencers.
