Solana Rolls Out Confidential Balances For Private Token Transfers

Quick Summary:

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.

In line with those compliance considerations, Solana’s announcement explains that users can utilize “Auditor Keys” to ensure oversight if needed, giving institutions the confidence to explore private transactions without running afoul of legal standards.

The blog post further describes how these features rely on cryptographic primitives, including ElGamal encryption and ZK proofs, to safeguard information while retaining the sub-second finality Solana is known for.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: Hungary

Topics: Solana news Solana SOL SOL news SOL price Solana price Solana

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 21:00:32 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 544 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 27763597

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