The Light Protocol team has achieved a significant milestone by launching Light V3, the first-ever zero-knowledge Layer (zkLayer) on the Solana blockchain platform. This cutting-edge solution, known as PSP (Private Solana Programs), empowers developers to leverage the full potential of the Solana blockchain for various applications, including faster and more secure private payments, encrypted booking orders, and engaging public on-chain games with private state.
Breaking Ground: Light V3 Goes Live
After months of meticulous development, the Light Protocol team proudly unveils the next generation of Light Protocol, Light V3. This groundbreaking release paves the way for private program execution directly on the Solana blockchain. By harnessing zero-knowledge proofs, Light V3 introduces PSP, which stands for Private Solana Programs.
Light Protocol: Unveiling the Power of Light V3
Light V3 leverages full zkSNARK verification, ensuring swift processing with transaction speeds as fast as 400ms per atomic transaction. This advancement enables direct settlements on Solana without requiring rollups. Light V3 ensures accurate state transactions under client computation while maintaining the utmost privacy by never revealing any transaction details.
How to Leverage Light Protocol
Utilizing Light Protocol has never been easier, thanks to the comprehensive tutorials and documentation available on their website. Developers can access valuable resources and engage in discussions on Discord. Email support is also available to provide further assistance.
Accessible Through GitHub
To foster collaboration and security, Light Protocol provides access to its GitHub repository, implementing a robust security policy under the GPL-3.0 license. As the Next-Gen zkLayer for Solana continues to evolve, developers can anticipate the launch of the testnet in the coming months, followed by the highly anticipated Solana Mainnet. Meanwhile, users can start building their own PSP projects at any time, benefitting from customizable features.
Recent Milestones: Light Protocol’s Progress
In March, Light Protocol made headlines by updating $1.52 million worth of Solana (SOL) shielded for private transactions during the completion of Light V1, which involved a staggering two million transactions. The announcement of Light V2 garnered immense excitement within the crypto community on Twitter.
As Light Protocol ushers in a new era of privacy and innovation on the Solana blockchain, developers and users alike can look forward to unparalleled possibilities and groundbreaking applications with Light V3 and the remarkable PSP framework.
What is Light V3?
Light V3 is the first zero-knowledge Layer (zkLayer) on the Solana blockchain platform, introducing Private Solana Programs (PSP) for faster and more secure private transactions and applications.
How does Light V3 ensure privacy?
Light V3 utilizes zero-knowledge proofs to maintain privacy by never revealing any transaction details while ensuring accurate state transactions.
Where can developers find resources for utilizing Light Protocol?
Developers can find comprehensive tutorials, documentation, and engage in discussions on Discord. Email support is also available.
Is Light Protocol open-source?
Yes, Light Protocol provides access to its GitHub repository under the GPL-3.0 license to foster collaboration and security.
What milestones has Light Protocol achieved?
Light Protocol completed the shielding of $1.52 million worth of Solana (SOL) for private transactions during Light V1 and garnered excitement with the announcement of Light V2 on Twitter.
For more articles visit : Cryptotechnews24
Ethereum: Is A Push To $2,000 On The Horizon?
The world of cryptocurrency is constantly evolving, with new developments and price movements captivating traders and investors alike. Ethereum, the second-largest cryptocurrency by market cap, recently experienced a moderate price…
Aside From LDO, INJ And QNT Are The Two Other Massive Gainers In The Past Week.
Cryptocurrencies have experienced a relatively quiet period recently, with Bitcoin, the leading digital asset, trading in a tight range above $27,000. However, amidst this stability, some altcoins have managed to…
Bitcoin Miners: Navigating Volatility and Achieving Profitability
Bitcoin miners have displayed remarkable resilience in the face of challenging market conditions, as evidenced by their combined revenue of $24.1M from Block Subsidy and Transaction Fees. This outstanding figure…