Aptos said its new privacy coin could be used to enable businesses to transact onchain without competitors tracking treasury moves and trading strategies.
Aptos Labs founding engineer Sherry Xiao said Aptos’ newly introduced privacy coin could fix a long-standing trade-off between protecting user privacy and preserving transparency for compliance.
“Confidential APT” launched on the Aptos mainnet on Friday after a governance proposal to integrate the privacy feature passed in a near-unanimous vote. It uses zero-knowledge proofs to conceal token balances and transfer amounts while still enabling transactions to be verified.
Source: Aptos
