Solana Labs has developed technology to reduce fees on on-chain operations

11.04.2023

The KZ007.org exchange office team is always up to date with financial news to share the most interesting ones with its users.
solana labs has developed technology to reduce fees

A significant development in the NFT space

Developers of the Solana platform have presented a tool that will reduce costs when issuing NFTs. The new technology is called state compression and allows for the quick verification of the contents of large data sets. This development is also applicable during the launch of non-fungible tokens. Additionally, this data structure is ideal for professionals working on the Solana platform. It not only allows them to store a small amount of data on the network, but also reduces costs without compromising decentralization or security. The SOL token of the Solana blockchain is available for exchange on the KZ007.org service. Other popular cryptocurrencies, such as Ethereum (ETH), Dogecoin (DOGE), Polkadot (DOT), and many others, are also available for conversion.
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