Private Layer for Private Transaction Introduced by Solana

2023-10-09 11:03:46

For Private Transaction Solana Introduces Private Layer Validators on the Solana network have adopted version 1.16, which introduces a private layer for private transactions. With this, users of Solana network can hide the transaction amount and SPL token account amount on Solana network using zero-knowledge proof. At the same time, users can protect their token balance and transact privately on Solana. Let us tell you that before the phased introduction in Solana’s Feature Gates framework, the upgrade was thoroughly tested on Testnet and Canary Nodes. At the same time, activation of private transactions within Solana’s Feature Gates framework will also be done in a phased manner. Currently Solana’s native Cryptocurrency, SOL is ranked 8th based on market capitalization.

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