StarkNet to integrate privacy system 'Nightfall' co-developed with EY

Source
JH Kim

Summary

  • StarkWare said it will integrate Nightfall, co-developed by Ernst & Young (EY) and the Polygon team, into StarkNet.
  • Through the integration, institutions will be able to use public blockchain infrastructure without disclosing sensitive transaction information.
  • StarkWare said the move will expand StarkNet into infrastructure capable of meeting institutional privacy demand.

StarkWare said it will integrate 'Nightfall,' a zero-knowledge proof-based data privacy system co-developed by Ernst & Young (EY) and the Polygon team, into StarkNet.

According to crypto-focused media outlet The Block on the 17th (local time), the integration will allow institutions to use public blockchain infrastructure without disclosing sensitive transaction information.

This will enable private B2B payments, treasury management, and decentralized finance (DeFi) transactions, it said.

Nightfall is designed to protect information such as transaction counterparties and amounts using zero-knowledge proof technology, while still allowing verification on the blockchain. It has previously operated on the Polygon network.

StarkWare said the move will expand StarkNet into infrastructure capable of meeting institutional demand for privacy.

Photo = Shutterstock
Photo = Shutterstock
publisher img

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
hot_people_entry_banner in news detail bottom articles
hot_people_entry_banner in news detail mobile bottom articles
What did you think of the article you just read?




PiCK News

Trending News