Starknet launches the STRK20 privacy framework, supporting one-click privacy for assets and a compliance disclosure mechanism

Deep Tide TechFlow message: On July 14, according to official information, Starknet announced the official launch of STRK20, positioning it as a privacy framework for any assets in the Starknet ecosystem. The solution enables users to move assets into a privacy pool with a single click, and developers can integrate privacy functionality through a Software Development Kit and a Wallet Application Programming Interface with lower development costs.

According to the official description, users will undergo screening before entering the STRK20 privacy pool, and on-chain activity will remain encrypted after entry. Relevant information will not be disclosed unless it receives a valid lawful request and is assessed by the independent audit institution Financial Privacy Inc. Even if disclosure is triggered, it will be limited to the specific users, transfers, or time windows involved in the request.

In terms of security and governance, the master key used for information disclosure is stored by Financial Privacy Inc in double-secure air-gapped trusted execution environments, and is jointly secured by a 3/4 multisignature mechanism and a 7/12 backup mechanism. Starknet said that this compliance layer is designed to balance real-world needs such as privacy, auditability, and proof of funds provenance.