“Solana network will improve scalability by 10,000 times”
“Network processing costs are reduced by approximately 5,200 times.”
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On the 23rd, CEO Mumtaz explained through his
He said, "This is a significant event that will lead to changes in the blockchain industry. By introducing zero-knowledge compression function to the Solana layer 1 network, the scalability of the Solana network will be significantly different from the existing concept." He added, "Expanding on the zero-knowledge compression experiment. “The performance has improved about 10,000 times,” he said.
Zero-knowledge compression is an algorithm that reduces the processing capacity of the network by proving the validity of blocks without disclosing the entire transaction data within the blockchain network.
CEO Mumtaz emphasized that the zero-knowledge compression upgrade will reduce the cost of Solana network operations by approximately 5,200 times. “If airdropping tokens to about a million people previously cost $260,000, now this cost can drop to $50,” he explained.
Solana (SOL) has skyrocketed since October of last year and has been steadily declining since recording about 307,000 won in March of this year. Solana is trading at approximately 170,000 won as of 10 am on Upbit on the 24th.
Reporter Seungwon Kwon ksw@
