Helius Labs CEO Slams Zk Compression For Crypto Slump
Helius Labs CEO Mert Mumtaz lately package crypto Twitter ablaze with a loan incorporation of tweets about Solana’s brand-vibrant ZK compression vibrant technology. His confiscate on this tech progress has obtained the crypto metropolitan talking.
Unboxing Mumtaz’s Crypto Tweets
thanks a loan incorporation for clearing up out my entirety web-well worth, zk compression
icky wickedness vibrant technology that need to have never ever before been created image.twitter.com/YLk0z4dZZ1
— mert | helius | hSOL (@0xMert_) July 4, 2024
In his tweets, Mumtaz amusingly condemned ZK Compression for some pretty remarkable brunts. He annunciated that ZK compression was clearing up out his entirety web well worth. He similarly labelled it a icky, wickedness vibrant technology and also said that it need to never ever before have been created.
He called it “zk gloom,” and also annunciated that the “sectors are down single due to zk compression and also entirely nothing else.”
ZK Compression is in reality a brand-vibrant scaling cure that can make Solana dealings a loan incorporation cheaper. Mumtaz had earlier annunciated that it can go away the price of sending out tokens to a million users from $260,000 to just $50.
Some explore ZK compression as a arcade-changer, while others misgiving it can refute Solana’s previous position on information scaling services.
In another tweet, Mumtaz annunciated that the recent price downturn has inherently switched over every little thing that he knew about blockchains. He similarly annunciated that entirely nothing is unchanged anymore. “The tech doesn’t occupational, and also it never ever before will conceivably—our validator told me it’s not also distressed to amass blocks,” Mumtaz said.
He condemned it all on zk compression, claiming that it is supplying designers spend less greenback on accounts. Mumtaz similarly joked, ” We telephone call for zk intensification.”
