32 minutes ago
2
Key Takeaways
- Payments to unprepared recipients become public withdrawals.
- Viewing keys can be shared without spending rights.
- Sender and recipient addresses stay visible onchain.
- Institutional Custom Rings are targeted for Q4 2026.
Helius’s November 10 announcement describes the permissionless default Ring as a shielded pool whose encrypted balances live on Solana’s own ledger and whose transfers settle in ordinary Solana transactions, verified by zero-knowledge proofs. Three products are already using it: Decrypt for confidential transfers in its money account, the Ore mining and staking app, and Aurora Intents, which delivers assets from other chains straight into a confidential balance.
Nothing changes for a wallet that doesn’t opt in. An existing Solana address keeps its public history; privacy begins only when funds are moved into a private balance, and even then only for the fields the Ring is designed to encrypt. Which fields those are, and w...
English (US)