- Solana ZK Compression slashes developer costs by 1000x, enhancing blockchain scalability
- Zero-knowledge proof tech optimizes on-chain storage and transaction efficiency
- Verified by OtterSec and Neodyme, Solana reinforces security with this major update
In particular, the update comes at a time when the blockchain has reached a new milestone, with monthly active addresses hitting an all-time high (ATH) of over 75 million.
Solana ZK Compression is live
The latest update on the Solana network introduces ZK Compression to reduce developer costs.
According to the announcement, the update brings “cost savings of up to 1000x for Solana developers.” Meanwhile, the new technology compresses data using zero-knowledge proofs, lowering the costs of on-chain storage and transactions.
The announcement has sparked market interest, highlighting improved scalability.
Specifically, ZK Compression addresses the ongoing challenges related to state growth, making the SOL blockchain more scalable and efficient. Additionally, the new technology goes beyond cost reduction, laying the groundwork for future zero-knowledge processing applications on the Solana network.
Further details show that OtterSec and Neodyme have verified ZK Compression, underscoring Solana’s commitment to security. The ongoing bug bounty program with Immunefi aims to ensure solid user protection.
Conclusion
In conclusion, Solana’s ZK Compression is a game-changer for developers, slashing costs and boosting scalability. With top security audits from OtterSec and Neodyme, Solana is setting the stage for more efficient and secure blockchain innovations.
Exciting times ahead for the SOL ecosystem!ç
