In a groundbreaking development, Austin Federa, Head of Strategy at Solana, has shared insights on a revolutionary feature called ZK Compression. This cutting-edge advancement has the potential to slash the on-chain storage cost by more than 99%, marking a major milestone for blockchain technology. With this breakthrough, Solana aims to overcome a critical hurdle faced by institutions and mass-consumer applications, making on-chain account storage significantly more affordable and accessible.
Latest
Solana Exec Explains How ZK Compression Cuts On-chain Storage Cost By Over 99%
By
Eleanor Ashworth — Editor-in-Chief
About the author · Editor-in-Chief
Eleanor Ashworth
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.