NEAR introduces cross-chain transaction privacy execution feature Confidential Intents, bringing a privacy execution layer to cross-chain transactions

Foresight News reports that NEAR has launched the Confidential Intents feature, a cross-chain transaction privacy execution function built into NEAR Intents. It aims to address the long-standing transparency issues in DeFi transactions. Confidential Intents creates a restricted visibility execution environment using NEAR's private sharding, making transaction details invisible to outsiders during settlement.

Users can freely switch between their main account and confidential account in the near.com app, enabling privacy mode for transfers, deposits, withdrawals, and other operations. The privacy feature for currency swaps is also upcoming. This functionality is targeted at institutional capital, enterprise users, and advanced DeFi users, providing a cross-chain position privacy layer.