StarkWare integrates privacy technology developed by Ernst & Young into Starknet.

BlockBeats News, February 17 — According to The Block, StarkWare is integrating Nightfall (an open-source zero-knowledge privacy layer developed by one of the Big Four accounting firms, Ernst & Young) into its Starknet for confidential institutional transactions on public blockchain infrastructure.

This move allows institutions to conduct private B2B payments, fund operations, and tokenized asset transfers on public blockchains without exposing sensitive transaction details. StarkWare states that Nightfall defaults to transaction privacy while supporting selective disclosure and compliance requirements, such as customer identity verification (KYC), enabling the system to meet the needs of institutional users.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race

Pudgy Penguins disrupts the $31.7B licensed toy market by using a "Negative CAC" model, achieving over 2M unit sales in 10,000 retail locations. It has gained cultural significance through partnerships and aims for $120M revenue in 2026 ahead of a possible IPO.

CoinDesk4m ago

The Futarchy of Privacy: Umbra's Fit in a Private Crypto World

The essay discusses the need for "Verifiable Privacy" in professional trading, highlighting Umbra's unique technical approach and performance-based tokenomics. It notes the privacy sector’s strong growth and upcoming catalysts for Umbra’s expansion.

CoinDesk19m ago

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Connect European Financial Institutions to Global Blockchain Economy

Bitpanda launches Vision Chain, aimed at addressing European financial infrastructure bottlenecks and connecting regulated finance with on-chain economy. The blockchain is based on Optimism technology, providing a compliant environment for institutions, facilitating tokenized asset issuance, supporting decentralized finance development, and enhancing user investment opportunities.

BlockBeatNews22m ago

Gitcoin Reminder: Funds on PGN Must Be Withdrawn Before April 20

Gitcoin reminds users to withdraw funds from Public Goods Network (PGN) before 21:00 on April 20. Unclaimed funds will be transferred to the Gitcoin Foundation. PGN ceased operations in October 2024 and launched the BalanceClaimer contract to support users in withdrawing assets.

GateNews37m ago

MilkyWay announces closure of L1 mainnet, all assets returned to native chain

MilkyWay has officially announced that it has initiated the L1 mainnet shutdown process, completed on-chain upgrades, and safely migrated user assets back to the native chain. Users can view their relevant assets on the original network, and if they are not visible, they can contact the official team for assistance.

BlockBeatNews38m ago

Pump.Fun Fees Fixed, But Meme Coin 95% Loss Issue Remains Unresolved

Pump.Fun co-founder Alon announced restrictions on token creator fee allocation changes, allowing only a single modification to enhance trading transparency. However, over 95% of users still recorded losses due to unresolved structural issues including token supply oversupply, early participant advantages, and rapid liquidity withdrawal. This update did not fundamentally change market conditions.

MarketWhisper45m ago
Comment
0/400
No comments