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bitcoin
Bitcoin (BTC) $ 95,237.52
ethereum
Ethereum (ETH) $ 2,677.68
tether
Tether (USDT) $ 0.999849
bnb
BNB (BNB) $ 648.15
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.53
binance-usd
BUSD (BUSD) $ 0.988974
dogecoin
Dogecoin (DOGE) $ 0.250226
cardano
Cardano (ADA) $ 0.739901
solana
Solana (SOL) $ 164.80
matic-network
Polygon (MATIC) $ 0.299561
polkadot
Polkadot (DOT) $ 4.72
tron
TRON (TRX) $ 0.242103
More

    Solana reveals cost-cutting resolution for on-chain storage

    Latest News

    Layer-1 blockchain has launched a brand new resolution aiming to drastically cut back the price of on-chain storage. Known as state compression, the know-how guarantees to deliver down the price of minting 1 million nonfungible tokens (NFTs) on the community to just about $110.

    “After quite a few phases of improvement, adoption, and rollout, compressed NFTs are reside on Solana’s mainnet-beta and powering the subsequent wave of novel on-chain product experiences,” mentioned Solana Basis tech lead Jon Wong in a weblog submit on April 6. In accordance with Wong, compressed NFTs “are 2,400-24,000x cheaper than uncompressed” friends with an identical constructions.

    A breakdown of NFT prices with Solana compression. Supply: Solana Basis

    Proceed Studying on Coin Telegraph

    See also  ‘Ludicrous’ to assume Signature Financial institution’s collapse was related to crypto, says NYDFS head

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