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Helius CEO: Introducing ZK compression into Solana to significantly increase network capacity and reduce costs

2024-06-23 02:28
Odaily News Mert Mumtaz, CEO of Solana ecological development platform Helius, said in a post on X that the team is introducing ZK compression into Solana, which will be done directly on L1 without L2. This move will greatly improve the scalability of the Solana network, and developers can build and expand anything directly on the chain without leaving the chain; in addition, it 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 cost can be reduced to $50, a 5,200-fold reduction.