Solana Introduces Confidential Balances: Privacy-Focused Token Standard

In a move towards enhanced privacy in the crypto space, Solana has launched Confidential Balances. This new token standard utilizes zero-knowledge (ZK) technology to encrypt balances and transactions, while maintaining Solana’s renowned speed. Issuers can now selectively control how much of their token data is public, offering options ranging from fully transparent to completely private transfers.