Key Takeaways:
- Starknet has unveiled a new framework named Shieldnet, which aims to provide privacy in on-chain transactions by leveraging the new Starknet STRK20 standard.
- Running on top of STRK20, shielded balances and private asset transfers are possible even for ERC-20 assets, without sacrificing DeFi composability and compliance options.
- This marks Starknet as one of the first major Layer-2, Ethereum scaling solutions to embed privacy into the protocol itself, as opposed to standalone applications.
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