Light Protocol and Helius Labs have unveiled a groundbreaking new feature designed to enable developers to create applications on Solana (SOL) on a large scale. Mert Mumtaz, the CEO of Helius, a service that optimizes Solana developers, explained that the new ZK compression feature will significantly reduce costs at the project’s layer-1 without the need for layer-2s.
In simpler terms, this means that developers can now build and scale anything they want directly on Solana without having to go elsewhere. This feature has the potential to make a significant impact, as it drastically reduces costs for on-chain state, making it 10,000x cheaper to airdrop to 1,000,000 users, for example. This is just one example of how this feature can be utilized, as everything on Solana is considered an account and can therefore be scaled.
The Light Protocol has stated that this feature will maintain the security, performance, and composability of the Solana L1, and they have confirmed that the ZK compression testnet is currently live.
At the time of writing, SOL is trading at $131.52. The cryptocurrency, which is ranked fifth by market cap, has seen a nearly 3% increase in the past 24 hours, but has experienced a drop of over 2.5% in the past seven days.
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