TechFlow reports that Light Protocol and Helius Labs in the Solana ecosystem have announced the launch of "ZK Compression" technology to help scale applications on Solana.
ZK Compression works through state compression, allowing developers to store certain types of data in Solana's inexpensive ledger space instead of costly account space. This technology significantly reduces storage costs, enabling developers to store large volumes of compressed token accounts at much lower prices.
Some members of the Ethereum community have criticized this new technology, arguing it should be classified as a Layer 2 (L2) network.
In response, Solana's co-founder stated that this technology is essentially an L2 network that does not require a security council multi-sig, user chain ID switching, governance tokens, or external sequencers.
