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Solana Foundation Launches New Developer Tooling To Promote Mainstream Adoption

Altszn.com by Altszn.com
June 25, 2024
in Blockchain, Crypto, DeFi, Web3
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Solana Foundation Launches New Developer Tooling To Promote Mainstream Adoption
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Solana’s new “actions” and “blockchain links” features allow developers to embed web3 transactions into websites, social media, and QR codes.

The Solana Foundation has introduced two new tools designed to facilitate web3 embeds in mainstream settings.

On June 25, the Solana Foundation launched “Actions” and “blockchain links” (Blinks), two tools allowing developers to integrate blockchain activities into websites, social media, and physical QR codes.

Actions allow users to perform web3-native transactions, such as asset transfers, NFT interactions, voting, staking, and sending tips to content creators. Blinks enable developers to format any Action into a shareable link, turning websites and social media into straightforward entry points for blockchain interactions.

“Actions and Blinks open blockchain protocols to more websites and applications,” said Jon Wong, head of ecosystem engineering at the Solana Foundation. “These tools lower barriers to entry and promote broader adoption of blockchain.”

New tooling for the Solana ecosystem

The launch of Actions and Blinks comes as the broader Solana ecosystem is striving to provide new tooling and services for developers. And users

On June 21, Light Protocol and Helius Labs launched a testnet for ZK Compression — a technique designed to reduce the cost of Solana transactions by leveraging zero-knowledge proofs and calldata. By minimizing the amount of data stored on-chain, ZK Compression claims to allow significant fee savings by reducing the computational demand associated with Solana transactions.

“Only the state roots are stored on-chain, and small zero-knowledge proofs confirm their validity on the Solana ledger,” Light Protocol explained. “The protocol uses small zero-knowledge proofs to ensure the validity of state that’s stored as calldata on the Solana ledger.”

Mert Mumtaz, the CEO of Helius Labs, estimated that ZK Compression reduces the cost of airdropping tokens to one million users on Solana from $260,000 to $50. “We’re introducing ZK compression to Solana, directly on the L1 — without requiring L2s,” he added.

However, critics from within the Ethereum community argue that ZK Compression contradicts anti-Layer 2 ethos, claiming that ZK Compression essentially functions as a Layer 2 (L2) solution.

“No matter how loudly Mert shouts… compression is an L2,”tweeted Adam Cochran, vice president of operations at SBT Partners. “One day the Solana crowd will realize what they’ve built is a good L2 feature/validity-based rollup and not a monolith chain.”

Anatoly Yakovenko, Solana’s co-founder and the CEO of Solana Labs, responded, claiming that ZK Compression overcomes several of the issues he identifies in typical Ethereum-based Layer 2 solutions.

“It’s like an L2 without all the things that people complain about L2s,” Yakovenko said. “It’s an L2 that doesn’t need a security council multisig, users don’t need to switch chain IDs, doesn’t need a governance token, doesn’t need an external sequencer, Solana validators still get all the transaction fees.”

Firedancer and beyond

Solana is also gearing up to ship its long-awaited Firedancer upgrade, which will introduce a second network client developed by Jump Crypto.

Jump has been working on Firedancer since August 2022 and claims the upgrade will “drastically increas[e] Solana’s networking throughput, resiliency, and efficiency.”

“Folks can stop calling it beta after Firedancer ships,” Yakovenko said at the Solana Crossroads 2024 conference in May. “You want different people to work on the same component so the probability of a bug being in both [clients] is virtually zero.”

In the past 24 hours, the price of SOL was up 7%, according to The Defiant’s crypto price feeds.

Related: PayPal Brings PYUSD Stablecoin to Solana



Read More: thedefiant.io

Tags: AdoptionDeFideveloperFoundationLaunchesMainstreamPromoteSolanatooling
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