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Solana has introduced 'Confidential Balances,' a zero-knowledge tech upgrade to boost on-chain privacy for token transactions and balances.
What’s the Scoop?
- Zero-Knowledge Tech Unveiled: Solana developers have launched 'Confidential Balances,' token extensions leveraging zero-knowledge encryption to shield token balances, transfers, and asset minting.
- Privacy Enhancements: These tools build on Solana's Token2022 features, reinforcing the network's focus on privacy-preserving functionality.
- Boosting Adoption: The Confidential Balances feature aligns with growing demand for private transactions in the crypto space, aiming to attract users concerned with on-chain transparency issues.
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