Türkçe
Español
Solana 
$160 developers aim to open new application areas within their ecosystem through the launch of the Confidential Balances token extension on the main network. This extension is defined as a system designed to enhance privacy in encrypted token balances and transfers while ensuring compliance with institutional standards.
Solana Privacy Layer
The new development includes three different token extensions, covering encrypted balances and transfers, confidential total supply in mint/burn operations, and intermittent fee transactions. Developers have stated that this feature could maintain transaction approval speed while ensuring data privacy.
Solana developers: “Confidential Balances is the first ZK-supported encrypted token standard developed for institutional compliance.”
Recent fluctuations and disruptions in some products have led to a repositioning of the ecosystem. One of the significant elements of the Solana ecosystem, PumpFun, has negatively impacted market liquidity, resulting in protests against the network.
Confidential Balances Extension
The Confidential Balances token extension also presents a vital capability for encrypted payment systems in corporate settings, B2B transfers, privacy-focused crypto wallets, and consumer applications. This comprehensive solution stands out by offering alternative security measures for enterprise-level applications.
These developments within the ecosystem indicate that Solana is making strides to bolster its Web3 innovations and technological infrastructure. It appears that developers are supporting the technological framework through various integration options and use cases.
Considering the application areas and technological innovations, Solana’s offered token extension aims to meet expectations for data privacy in crypto transactions within the ecosystem. These advancements enable users to access more secure infrastructures across different services. The long-term effects on prices could be observed with increasing institutional adoption once the ongoing turmoil subsides. Use cases for institutions are particularly intriguing.
Solana’s new token extension could contribute to the improvement of the ecosystem by providing diversity in technological infrastructure. Feasibility studies for different application areas continue in light of market conditions and technological advancements.
