Solana’s v1.16 update introduces “Confidential Transfers,” enhancing user privacy with encrypted SPL token transactions.
Layer 1 proof-of-stake blockchain Solana’s somewhat under-the-radar version 1.16 update introduced “Confidential Transfers,” enhancing user privacy with encrypted SPL token transactions.
“Solana just shipped a native privacy option for SPL tokens, not quite getting the attention it deserves yet,” pseudonymous Delegate founder and CEO Foobar posted on X . “These are big improvements — I don't think enough people are aware,” Helius co-founder and CEO Mert Mumtaz added. The introduction of native privacy features may have implications for exchange listings as regulations in certain jurisdictions have forced privacy coins to be delisted. For instance, Binance delisted privacy coins in Belgium, France, Italy, Poland and Spain due to local laws.The v1.16 update also improves Solana's zero-knowledge support, introducing a feature to generate proofs more efficiently.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana Foundation says nearly a third of stake running through Jito Labs clientMore than '31% of stake running through the Jito Labs client,' Solana Foundation said in its latest validator health report.
Read more »
Solana-based Convergence RFQ raises token round at $30M valuationConvergence RFQ, a Solana-based trading platform under development, has raised $2.5 million in a pre-seed funding round.
Read more »
Cryptocurrencies Price Prediction: Solana, Altcoins & Ethereum – American Wrap 04 OctoberSolana price performance YTD eclipses BTC, ETH; emerges as the largest decentralized PoS network Solana price has managed to surprise investors with a
Read more »
Solana price performance YTD eclipses BTC, ETH; emerges as the largest decentralized PoS networkSolana price has managed to surprise investors with a stellar performance in the past nine months. The altcoin has not only surpassed every other majo
Read more »
Carolyn Hax: Is every conversation this couple has automatically confidential?Discussions about a career change expose a couple’s differing views on the privacy of their conversations.
Read more »
Solana witnesses liquid staking boom with staking rate at 71% amid SBF trialSolana (SOL) is experiencing a shift in sentiment with a staking ratio that has grown to 71.3%, which denotes a high level of community participation.
Read more »