🎉Good news! Solana ecosystem developers Light Protocol and Helius Labs announced a new way to expand capacity - "ZK Compression" technology, which brings greater convenience and cost-effectiveness to Solana chain applications. 🚀
ZK compression works through the process of state compression, allowing developers to use Solana's cheaper ledger space to store certain types of data. This means that developers can store 100 compressed token accounts at about 1/400,000 of the price, a 5,000-fold reduction in price! 💰
In addition, Mert Mumtaz, CEO of Solana ecosystem development platform Helius, said that the team is introducing ZK compression to Solana, which will be done directly on L1 without L2. This will greatly improve the scalability of the Solana network, and developers can build and expand anything directly on the chain without leaving the chain. 🔧
The most exciting thing is that ZK compression can also significantly reduce costs. For example, the current airdrop to 1 million users is expected to cost more than $260,000, and after the introduction of ZK compression, the fee can be reduced to $50, a 5,200-fold reduction. This is undoubtedly a huge breakthrough, and it is undoubtedly a great boon to the development of the Solana ecosystem! 🎈