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Solana Exec Explains How ZK Compression Cuts On-chain Storage Cost By Over 99%

source-logo  coingape.com 22 June 2024 21:45, UTC

In a significant breakthrough for blockchain technology, Head of Strategy at Solana, Austin Federa, weighed in on a new feature called ZK Compression. This innovative development promises to drastically reduce the cost of on-chain account storage. Hence, it addresses one of the key challenges faced by institutions and mass-consumer applications.