Helius launches Solana Privacy Rings with confidential balances and transfers
- Severity
- Low
- Sources
- 1
What happened
Helius launched Solana Privacy Rings on mainnet on November 10 as programmable pools for confidential balances and transfers. In the default ring, assets, amounts and optional memos are encrypted, but wallet addresses and transaction hashes stay public, and entering from a public balance exposes the deposit's asset, amount and addresses. Developers can integrate via APIs to build private escrows, with confidential swaps, staking and yield applications planned. Audits of core programmes and proof circuits were carried out by Certora, OtterSec and ZK Security, formal verification is ongoing, and the Solana Foundation expects the Custom Rings enterprise version within weeks.
For experienced traders · Written by AI from 1 source · Wrong?
What to do
- Check exactly which transaction details, such as addresses and deposit amounts, remain visible before relying on a private balance.
- Watch for the Solana Foundation's enterprise Custom Rings release, which it says is expected in the coming weeks.
Written by AI from the sources, checked against them
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