Solana developers aim to open new application areas in ecosystems with the Confidental Balanses Token extension they released on the main network. This extension is defined as a system that aims to work in compliance with corporate compliance standards by increasing the confidentiality in encrypted token balances and transfers.
SOLANA Privacy Layer
The new development includes three different tokens extensions and encrypted balance and transfer procedures include total supply and interrupted fee transactions in mint/burn operations. Developers stated that this feature can maintain data confidentiality by maintaining the transaction approval rate.
Solana developers: “Confidental Balances is the first ZK -supported encrypted token standard developed for corporate harmony.”
Recent fluctuations and disruptions in some products have led to the reconstruction of the ecosystem. Pumpfun, which became one of the important elements of Solana ecosystem, undermined the liquidity in the market and caused the network to be protested.
Confidental Balances extension
Confidental Balances Token extension is also an important skill that can be used in encrypted payment systems, B2B transfers, privacy -oriented crypto wallets and consumer applications for institutional environments. This comprehensive solution stands out in terms of offering alternative security measures for institutional levels.
These developments in the ecosystem show that Solana has taken steps to strengthen web3 innovations and technological infrastructure. It is seen that developers support technological infrastructure with various integration options and usage areas in the system.
Considering the application areas and technological innovations, Solana’s Token extension aims to meet expectations for data confidentiality in crypto operations of ecosystem. These developments allow users to access safer infrastructures in different services. In the long run, we can see the increasing corporate adoption when the nightmare is finished. Examples of use for institutions are interesting.
Solana’s new token extension can contribute to the improvement of the ecosystem by providing diversity in technological infrastructure. In the light of market conditions and technological developments, applicability for different usage areas continues.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
