bitcoinist.com (nprofile…le2g)
✍️ Helius Labs and Solana Labs have introduced 'Confidential Balances', a suite of token extensions for private token transfers without sacrificing institutional compliance.
👉 Confidential Balances enables private token transfers without sacrificing institutional compliance
👉 Developers can obscure token transfer amounts, shield fee deductions, and conceal mint and burn operations
👉 The technology relies on cryptographic primitives and zero-knowledge proofs to safeguard information
👉 Sub-second finality is retained
👉 Partial confidentiality allows projects to determine which token amounts to obscure
#technology
quotingbitcoinist.com (nprofile…le2g)
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Helius Labs and Solana Labs have introduced “Confidential Balances,”a suite of cryptographically powered token extensions designed to enable private token transfers without sacrificing institutional compliance. Announced by the Solana Developers account on X on April 8 as “the first ZK-powered encrypted token standard built for institutional compliance without sacrificing sub-second finality,” this new feature set […]
https://bitcoinist.com/solana-confidential-balances-private-transfers/