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Starknet launches STRK20 privacy framework supporting private transfers of ERC20 assets

MarsBitNews
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Mars Finance News, according to The Block, Starknet has launched a zero-knowledge privacy framework STRK20, which provides balance masking and private transfer capabilities for any ERC20 assets on the network, and has been first implemented on strkBTC. The framework allows developers to introduce privacy features for scenarios such as transfers, exchanges, lending, staking, payments, and donations without building separate privacy systems. STRK20 embeds a "shielded" mode within the asset path instead of using traditional mixer structures, and introduces a viewing key mechanism that selectively discloses specific wallet information only when receiving legally binding requests, balancing privacy protection and compliance needs. StarkWare CEO Eli Ben-Sasson believes that such ZK privacy solutions could enable more precise regulatory investigations and reduce the collateral impact on a large number of wallets.
STRK-2.36%
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