Odaily Planet Daily News Solana’s v1.16 update introduces “Confidential Transfers”, which enhances user privacy through encrypted SPL token transactions.
After ten months of development and an audit by blockchain security firm Halborn, the v1.16 update of the Solana Layer 1 proof-of-stake blockchain has recently achieved more than half validation, according to a blog post from Solana infrastructure provider Helius Labs. adoption of the device. The v1.16 version has been running on the test network since June.
One of the most anticipated updates is the introduction of “Confidential Transfers”, a new token program introduced by Token2022 that aims to enhance Solana’s current token functionality. This allows people to conduct blockchain transactions without revealing key details of the transaction, such as the transaction amount. (The Block)