PANews reported on June 24 that according to The Block, Light Protocol and Helius Labs jointly launched “ZK Compression” technology to further expand applications on the Solana network. The technology significantly reduces storage costs by storing data in Solana's low-cost ledger space instead of more expensive account space through state compression. For example, reducing the storage fee for an account with 100 compressed tokens from 0.2 SOL to 0.000004 SOL. Solana co-founder Anatoly Yakovenko said that this solution does not require governance tokens or external serializers, and is a Layer 2 model that does not require a security committee.
