Solana announced a new privacy -enhancing feature called Hidden Balances for the block chain.
. update In accordance with legal and regulatory obligations, it equipped developers, users and institutions with better tools to maintain the confidentiality of coin operations.
Solana develops privacy in public block chains with its hidden balances feature
A very important moment for the new launch SolanaAs the demand for confidentiality increases in DeFI, it rapidly reiterates its technology. Simultaneously, it aims to maintain a collaborative stance with network organizers and large institutions.
In addition to careful design, with the innovative use of state -of -the -art encryption, Solana expands the definition of privacy in a public block chain.
This hidden balance feature, Hidden Transfers. Initially introduced as part of Solana’s Token2022 program, the feature made users send and receive markers that the amount sent is not open to the public.
Solana has now increased these features, allowing the transaction amounts to mask the printed or burned coins and processing fee payments. Sensitive information will be hidden from the marker movements.
This is very important. Most of the traditional blockchain systems, such as Bitcoin and Ethereum, keep the details of each process and offer them to everyone. This degree of transparency is perfect for some use, but it is expensive or conciliatory for businesses and users who appreciate privacy.
Solana’s method has hidden sensitive financial information but keeps locked on the chain. Public book is safe, but does not reveal special data.
Developers are already trying these tools in Solana’s pass programming environment. This allows wallet providers to process encryption and rehearsal production at the back end.
No local support for mainstream wallets Secret balancesThis probably does not change Javascript -based vehicles.
Auditor switches provide controlled access to hidden transactions to institutions
It focuses on privacy, but also provides compatibility. For this reason, secret balances were sent with supervisor keys. These special tools allow approved organizations or people such as financial institutions, regulators or tax agencies to see the process details without explaining the process details.
If the project using Solana chooses to use them, the auditor switches can be shared with reliable parties. This allows financial inspections, money laundering prevention controls or tax reports to be met without explaining sensitive data to the public in general.
The important thing is that this information is not explained to the public. The upper limit of harmonics used to calculate the restructuring shall be questioned by the sampling store when necessary. The authorized party, the owner of the key to the auditors, can only see the data. Others are processed in a special process.
This enables the companies in Solana to comply with financial regulations such as anti -money laundering (AML), anti -terrorist financing (CTF) or tax reporting without sacrificing the confidentiality of users.
This flexible system means that projects can choose transparency levels. For example, while a defi protocol may remain special, arranged fintech companies can apply auditor switches for periodic reporting.
This dual – user privacy and corporate transparency – is part of what makes Solana’s new model so exciting.
JavaScript upgrades will add privacy to mobile wallets
Until now, one of the hidden balances features, except for the features of solea, has been created using Solana’s Pust -based vehicle chain. This is good for rear end systems and developers, but excludes the ordinary user using mobile applications and browser wallets.
This is about to change. Solana’s developer ecosystem is preparing to publish Javascript -based libraries with zero -supported support. Without heavy server infrastructure, these libraries allow mobile and web wallets to create and verify locally on the user’s device.
This is an important step. Solana, cryptographic functions on users’ phones or laptops will make special operations simple and user -friendly. To protect your financial information, you will not have to be a coder or technology buzz.
As these vehicles are published, more wallets and applications apply hidden balances. Wallets can also provide general/special processing settings by user and allow users to create evidence for records or compatibility.
This may be the turning point for making advanced privacy functions into a daily phenomenon for blockchain. Users with advanced confidentiality support will not have to create special structures to protect their belongings and activities as they need to do today.
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