Helius launches permissionless privacy protocol Solana Privacy Rings on Solana mainnet

Odaily Planet Daily News: Solana infrastructure company Helius has launched the permissionless privacy protocol Solana Privacy Rings on the Solana mainnet today. Developers can add privacy features to new and existing Solana applications via API, laying the foundation for private payments, private DeFi, and enterprise compliance privacy. The protocol uses programmable shielded pools, storing assets and amounts in encrypted form on-chain while keeping wallet addresses visible; users can decrypt balances using view keys. The protocol supports SOL, SPL tokens, and Token-2022 tokens, with ZK proof verification taking only hundreds of milliseconds.