Helius Labs CEO Mert Mumtaz recently set crypto Twitter ablaze with a series of tweets about Solana's new ZK compression technology.
Helius Labs CEO Mert Mumtaz has taken to Twitter to voice his concerns about Solana's new ZK compression technology. In a series of tweets, Mumtaz has joked that the technology is nuking his entire net worth and that it should never have been created.
"thanks a lot for nuking my entire net-worth, zk compression
disgusting evil technology that should have never been created"
ZK Compression is a new scaling solution that could make Solana transactions much cheaper. Mumtaz had earlier stated that it might reduce the cost of sending tokens to a million users from $260,000 to just $50.
However, Mumtaz's tweets suggest that he is not entirely happy with the technology. In one tweet, he refers to "zk depression," and in another, he states that "the markets are down only due to zk compression and nothing else."
It is unclear whether Mumtaz is joking or serious in his tweets. However, his comments have sparked a lot of discussion on crypto Twitter, with many people weighing in on the pros and cons of ZK compression.
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