Solana’s confidential balances go live on mainnet

Solana’s developers have announced the launch of confidential sales on Mainnet, introducing a new token standard that allows encrypted transfers and balances.

Confidential scales The token extensions are live on the Solana (GROUND) Mainnet, shortly after the developers of the Blockchain network introduced “token extensions”. Now with Mainnet Support, users can use zero knowledge of knowledge to benefit from transactions and tools focused on confidentiality.

Quicknode, who announcement The deployment on Solana, noted that this step causes tokens transfers supplied by ZK and hidden balances, among others.

“With the launch of confidential sales on Solana, developers can now activate encrypted token and transfer amounts. While retaining Solana’s performance benefits,” published the platform on X.

The community of developers can now create merchant payment solutions focused on confidentiality, payroll systems, institutional transfer tools and consumption applications, taking advantage of Solana speed.

Quicknode said Stablecoin Agora project is the first project whose token is drawn from confidential transfers. Real use cases focused on the Agora dollar are live on Solana, which brings its discreet payroll institutional quality to users.

Unlike traditional blockchains, confidential sales give users control of their financial information on the channel. Technology encrypts balances and tokens transfers, which makes them private. This means that if user accounts and transactions remain visible, the balances of these accounts or the value of the assets transferred are encrypted.

As underlined in a blog article, Confidential Balances draws from two key features – confidential transfer and confidential transfer costs.

The first obscures the tokens movements while the second allows the confidentiality of the costs. Solana’s developers are considering another “confidential mintburn” characteristic which will allow creations and private token burns.

Ilan Gitter, principal engineer for payments and trade in the Solana Foundation commented via X:

“Confidential sales can not only bring confidentiality to Solana, but also open the doors to the active flows where the confidentiality of balance is essential (institutional payments, etc.). The Devex is still a little harsh, but if there is one thing that Solana knows how to do is chewing glass and spitting sculptures”, “