State Compression protocol
Overview
State Compression is a method deployed on the Solana blockchain that leverages Merkle trees and on-chain proofs to store substantial data volumes at lower cost. Its main applications include the minting of compressed NFTs (cNFTs) and the administration of high-volume token accounts, achieving reduced storage expenses. The technique preserves security and verifiability while significantly decreasing the rent and transaction fees typically incurred by on-chain data storage.
Within The Counterparty graph, State Compression connects to 1 tracked entity, most strongly to Solana.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Solana | 90% |
Frequently asked questions
What is State Compression?
State Compression is a scaling tracked in The Counterparty knowledge graph. It is connected to 1 other tracked entity, most strongly to Solana.
What type of entity is State Compression?
State Compression is classified as a scaling (protocol) in The Counterparty knowledge graph.
What is State Compression connected to?
In The Counterparty knowledge graph, State Compression is linked to 1 other tracked entity, most strongly to Solana.