Helius launches Solana Privacy Rings on mainnet for encrypted transfers

The new shielded pools encrypt token amounts and balances on Solana while keeping sender and recipient addresses visible Helius has switched on Solana Privacy Rings on mainnet. The feature brings encrypted balances and private token transfers directly to the Solana blockchain. At the core are what Helius calls programmable shielded pools. The default Ring is permissionless, so anyone can use it. It encrypts the assets being moved and the amounts involved. It does not hide everything, though. Sender and recipient addresses stay visible on-chain. The technical engine is zero-knowledge proofs. These let one party prove a statement is true without revealing the data behind it. Applied here, the network can confirm a transfer is valid, with no double-spending and no conjuring tokens out of thin air, without learning the amount.