The new protocol makes it possible to hide balances and transfer amounts while keeping wallet addresses public. It supports SOL, SPL and Token-2022. All operations are carried out directly on the Solana network using ZK proofs.
Privacy Rings also lets developers integrate privacy into DeFi applications, including swaps, lending, staking and payments.
In the coming weeks, Helius plans to launch Custom Rings, a solution for institutional clients with additional privacy settings, KYC and auditor access.
Jupiter, Backpack, MoonPay, Squads, DFlow and others are already working on integrating Privacy Rings.
Helius is an infrastructure company that provides developers with tools and APIs for building applications on the Solana network.
Continue reading this article on source: solana.com