Author: Elena R
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Jun 22, 2024 18:44
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Solana blockchain welcomes a crucial upgrade for its scaling and performance metrics as it adopts ZK Compression. The CEO of Helius, a Solana infrastructure application expects the advancement to bring ‘10,000x scale improvements’ to Solana’s L1 design. In terms of cost-efficiency, ZK Compression results in over 5,200x cheaper transactions. Technically, the upgrade compresses the size of Solana’s blockchain state. The activation of the compression mechanism will radically reduce hardware costs and overall blockchain performance. The Solana founder Anatoly Yakavenko expects ZK Compression to ‘reshape the fabric of society’.