Solana launched private transfers and hidden balances.
Helios launched the Private Rings protocol on the main Solana network, which allows to hide transfer amounts and wallet balances. However, the addresses remain public.
The protocol supports SOL and other Solana tokens. Transactions are made directly on the network using ZK proofs, while maintaining access to existing DeFi liquidity.
Developers will be able to use the technology for private exchanges, loans, holdings and payments.
Custom rings for companies with support for KYC, auditing and selective data disclosure are expected to launch in the coming weeks.
Jupiter, Backpack, DFlow, Squads and other projects have already joined or are preparing to join.
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