So the @Backpack team just shipped ZK Compression support; but... wtf is ZK Compression anyway?
ELI5 in 5 key points from the amazing docs of @heliuslabs & @LightProtocol
Here's how it works 👇
Zero-Knowledge (ZK) Compression is a super-efficient way to store information. Imagine you have a big box of toys (data), but your room (@solana) is getting crowded. ZK Compression shrinks those toys so they take up less space, but you can still play with them just like before.
1. Shrinking data:
Instead of storing all the details of your toys in the room, you create a special code (hash) that represents each toy. This code is much much smaller than the actual toy.
2. Proof of ownership:
You keep a magical note (zero-knowledge proof > ZK Proof) that proves you really own those toys, even though they're shrunk.
3. Using the toys:
When you want to play with a toy, you show your magical note, and the blockchain knows it's really yours. It then lets you use the toy as if it were full-sized.
4. Saving space and $SOL:
Because the shrunken toys take up less space, it costs much less to store them. This means you can have many more toys (or data) for the same price.
5. Works with everything else:
The best part is, these shrunken toys can still be used with all your other toys and games on Solana, just like normal.
This new way of storing data makes it much cheaper and easier for developers to create apps that can handle lots of users and information on Solana, without losing any of the benefits of the blockchain.
ELI5 in 5 key points from the amazing docs of @heliuslabs & @LightProtocol
Here's how it works 👇
Zero-Knowledge (ZK) Compression is a super-efficient way to store information. Imagine you have a big box of toys (data), but your room (@solana) is getting crowded. ZK Compression shrinks those toys so they take up less space, but you can still play with them just like before.
1. Shrinking data:
Instead of storing all the details of your toys in the room, you create a special code (hash) that represents each toy. This code is much much smaller than the actual toy.
2. Proof of ownership:
You keep a magical note (zero-knowledge proof > ZK Proof) that proves you really own those toys, even though they're shrunk.
3. Using the toys:
When you want to play with a toy, you show your magical note, and the blockchain knows it's really yours. It then lets you use the toy as if it were full-sized.
4. Saving space and $SOL:
Because the shrunken toys take up less space, it costs much less to store them. This means you can have many more toys (or data) for the same price.
5. Works with everything else:
The best part is, these shrunken toys can still be used with all your other toys and games on Solana, just like normal.
This new way of storing data makes it much cheaper and easier for developers to create apps that can handle lots of users and information on Solana, without losing any of the benefits of the blockchain.
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