Helius CEO Mert Mumtaz announced on X platform that they are introducing ZK compression to Solana's development platform. ZK compression will be directly implemented on L1 without the need for L2, which will greatly improve Solana's network scalability and take a step towards building a financial computer - an unstoppable, global, and light-speed synchronized atomic state machine.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Helius CEO: Introducing ZK compression into Solana will greatly improve network scalability
-
Wechat scan to share
Recommended for you
-
Norway’s Wealth Fund Watchdog to Review Cryptocurrencies by 2025
According to market news reported by , the supervisory authority of Norway's wealth fund will conduct reviews on shoe manufacturers, cryptocurrency, and gambling companies in 2025, which may lead to divestment. -
OpenAI responds to Musk's lawsuit: The application is repeated and still unfounded
recently Musk requested a US court to block OpenAI, an artificial intelligence research center, from illegally transforming into a for-profit enterprise. A spokesperson for OpenAI said that Musk's application is repetitive and still baseless. -
Musk says SpaceX could be worth more than $1 trillion
a netizen posted on social media platform X claiming that there are 9 companies in the world with a market value exceeding one trillion US dollars, of which 8 are American companies. In response, Musk replied that SpaceX may one day become one of them. -
South Korea postpones cryptocurrency tax again until 2027
at today's press conference, Park Chan-dae, the leader of the largest opposition party in South Korea, the Democratic Party of Korea, announced that they will abandon their plan to implement a cryptocurrency capital gains tax in 2025 and agree to postpone it for another two years until 2027. The proposal to "delay the cryptocurrency capital gains tax" was put forward by the South Korean government and the ruling party, the People Power Party. The Democratic Party of Korea previously stated that delaying taxation was a political trick of the ruling party. -
Japan's Financial Services Agency proposes relaxing reserve requirements for trust banks to issue stablecoins and implementing travel rules
the Japanese Financial Services Agency (FSA) recently presented some ideas regarding cryptocurrencies and stablecoins to the Financial System Committee's Payment Services Working Group. It was mentioned that the FSA is unwilling to allow banks outside of trust banks to issue stablecoins. As for stablecoins issued by trust banks, the FSA hopes to relax the reserve requirements that currently mandate all assets be held in the form of bank deposits. However, the FSA also hopes to implement travel rules that require KYC for transfers of stablecoins issued by trust banks. -
Japan’s Financial Services Agency proposes lightweight legislation for non-exchange crypto intermediaries
Japan is considering new lightweight legislation for cryptocurrency intermediaries that are not cryptocurrency exchanges. Recently, the Japanese Financial Services Agency (FSA) presented its own ideas to the Payment Service Working Group of the Financial System Committee. -
EU report recognizes potential of permissionless blockchain in traditional finance
the EU recently released a report exploring the potential of permissionless blockchains in traditional finance (TradFi). The report suggests that permissionless blockchains should at least be considered as an option for traditional finance and financial market infrastructure, but should be used with caution. -
Former Coinbase CTO: Visa and Mastercard and other tech giants have received threats of "censorship" due to their relationship with Libra
the impact of Operation Chokepoint 2.0 has expanded from the cryptocurrency industry to technology giants such as Visa and Mastercard. Balaji Srinivasan, former CTO of Coinbase, shared a screenshot of a letter sent by US legislators to Visa, Mastercard, and Stripe urging them to withdraw their support for the Libra project backed by Meta. -
Why is Solana's Dogwifhat (WIF) memecoin crashing?
WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.
-
Solana Edge Data Intelligent Network 375ai Completes $5 Million Seed Round of Financing, Led by 6MV
Solana's edge data intelligent network 375ai announced the completion of a $5 million seed round of financing on X platform, with 6MV as the lead investor and participation from Arca, Escap Velocity, Primal Capital, and Auros. Specific valuation information has not been disclosed. 375ai provides decentralized edge data intelligent network nodes and mobile applications based on blockchain for real-time data collection. Users can participate in the network by deploying nodes, using applications, or staking tokens, while also receiving rewards.
Daily Must-Read
-
Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
-
Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022
-
Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion
-
$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
-
Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
-
Why is Solana's Dogwifhat (WIF) memecoin crashing?
All Comments