Today, Solana changes forever
Introducing Solana Privacy Rings - encryption at the speed of Solana
Rings are programmable, onchain environments for encrypting money, markets, and finance - without ever leaving Solana
Now live on mainnet.
Massive. We truly can build a different kind of app marketplace in a world where the barrier to build is lower than ever but the barrier to distribute is higher than ever.
Delighted we have our first two guardian partners in @Helius and @jito . More to come.
The exchanges, clearing houses, settlement systems and depositories behind every trade (financial market infrastructures, or FMIs) earn about $31.5bn a year.
Our new Solana Research Institute report works out how much of that survives when the same business runs on public blockchains. If regulation stops protecting the incumbents, we estimate they keep about $11.2bn, with the other $20.3bn going to users as lower costs or to new competitors.
We also found that new onchain services could come close to replacing that revenue, which raises the question of who wins them 🧵
Private payments are live on @solana mainnet, with built-in wallet screening.
Range supports the compliance flows for @Helius Privacy Rings, so apps can encrypt balances while still screening who they transact with.
Get in touch if you're launching private payments and need wallet screening from day one.
Solana Privacy Rings by @Helius are live on mainnet.
Aurora Intents now delivers into them from other chains.
Swap on the chain your assets are on, sign once, and the output is deposited into the recipient’s confidential balance on Solana.
Same Solana address. No extra shielding step.
Powered by @near_intents.
Privacy is essential to bringing more financial activity onchain.
Congrats to @Helius on the launch of Solana Privacy Rings! Proud to have contributed to its security 🫡
Decrypt has partnered with Solana infrastructure firm @Helius to add confidential transfers to the Decrypt Money Account, using its Solana Privacy Rings. https://t.co/w3fFYukMLs
I was existentially worried for the future of Solana for the past few years given its lack of privacy
so we took action, joined forces with the best ZK devs on Solana, and built the solution
importantly, execution is *on Solana*, not an L2 or secondary network
let's win
big day for solana
@mert and team are building foundational privacy infrastructure for the ecosystem. programmable, heavily audited and soon to be formally verified
this also means that onchain privacy is coming to both multisig and altitude very soon
Public by default, private by choice.
Solana Privacy Rings from @Helius are live on mainnet, with programmable privacy at Solana speed.
This lays the foundation for private payments, DeFi, and how businesses move money on Solana.
Learn more: https://t.co/Cn8idf5sCk