Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Solana Forum => Topic started by: pmbug on June 30, 2024, 12:22:33 PM
-
Solana developed a few interesting things recently:
the big news is here
today we're introducing ZK compression to Solana, directly on the L1 — without requiring L2s
this changes everything you thought you knew about Solana and scaling L1s
TL;DR — we compress onchain state to get 10,000x scale improvements and get 1 step closer to building The Financial Computer — an unstoppable, global, atomic state machine syncing at the speed of light
for non-technical folks
developers can now build and scale literally anything they want directly on Solana without needing to leave it
example cost difference
take an airdrop to 1,000,000 users
this today would cost over $260,000 for state alone
now, it's $50 — 5,200x cheaper
but a token account is just one example of this — *everything* on Solana is an account, meaning everything can be scaled
for technical folks
there are two costs on Solana — compute and state
Solana already has cheap compute — but state is expensive
allocating accounts, paying rent, and scaling with users have all been shown to be a massive roadblock for Solana devs
this is now fixed
...
https://x.com/0xMert_/status/1804244166584516865
and
Solana Actions are specification-compliant APIs that return transactions on the Solana blockchain to be previewed, signed, and sent across a number of various contexts, including QR codes, buttons + widgets, and websites across the internet. Actions make it simple for developers to integrate the things you can do throughout the Solana ecosystem right into your environment, allowing you to perform blockchain transactions without needing to navigate away to a different app or webpage.
Blockchain links – or blinks – turn any Solana Action into a shareable, metadata-rich link. Blinks allow Action-aware clients (browser extension wallets, bots) to display additional capabilities for the user. On a website, a blink might immediately trigger a transaction preview in a wallet without going to a decentralized app; in Discord, a bot might expand the blink into an interactive set of buttons. This pushes the ability to interact on-chain to any web surface capable of displaying a URL.
...
https://solana.com/docs/advanced/actions
-
A glimpse of my understanding from the explanation and video you shared, Solana action blinks is almost similar to the existing project in Solana now, namely PIP but the PIP project does not yet support payment via links as Solana action blinks offers.