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ZK Compression adopted by 50% of Solana dApps by mid-2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official Solana ecosystem reports and developer surveys
Story
Solana Introduces ZK Compression to Slash Costs by 99% and Scale by 10,000x
Jun 21, 2024, 10:41 PM
Solana has introduced a groundbreaking technology called ZK Compression, developed in collaboration with LightProtocol and Helius Labs. This innovation promises to significantly reduce the cost of creating tokens and accounts by up to 99%, while also enhancing privacy through zero-knowledge proofs. ZK Compression aims to scale Solana's on-chain state by 10,000 times without requiring Layer 2 solutions, making it a pioneering advancement in blockchain scaling. The technology is expected to unlock new potential use cases for developers, enabling more efficient and cost-effective blockchain applications. Despite some skepticism from community members about the marketing terminology, ZK Compression is poised to transform the Solana ecosystem, potentially increasing its daily transaction volume from billions to trillions. Additionally, the new system includes 1,305 cNFT roots and is part of a broader roadmap that includes the Firedancer project and SVM infra.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
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Yes • 50%
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Less than 50% • 25%
50-75% • 25%
76-90% • 25%
More than 90% • 25%
Adopted by 1-2 projects • 33%
Adopted by 3-4 projects • 33%
Adopted by 5 or more projects • 33%
0-25 projects • 25%
26-50 projects • 25%
51-75 projects • 25%
76+ projects • 25%
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Ethereum • 25%
Binance Smart Chain • 25%
Polygon • 25%
Other • 25%