Light Protocol is a cutting-edge blockchain technology on the Solana network that focuses on reducing costs and enhancing privacy. It recently introduced "ZK Compression," which uses zero-knowledge proofs (ZKPs) to reduce the cost of creating tokens and accounts by up to 99%, while maintaining security and performance.

Their latest development, Light v3, enables private program execution through Private Solana Programs (PSPs), which allows developers to build applications with built-in privacy features, such as private payments and encrypted order books. This technology supports full zkSNARK verification in a single transaction, improving transaction efficiency and privacy.

Light Protocol is open-source, encouraging community involvement in its development and expansion