Inco Network and Circle Research introduced the Confidential ERC-20 Framework, an innovative solution aiming to bring compliant privacy to public blockchains
The whitepaper of the new framework, published on Oct. 28, transforms standard ERC-20 tokens into confidential, encrypted versions that shield transaction amounts and balances from public view, meeting regulatory demands for privacy without compromising security.
Importance of privacy
The framework, outlined in a co-authored whitepaper, uses Fully Homomorphic Encryption (FHE) to conceal transaction data on Ethereum-based public blockchains while maintaining compliance with regulations.
This encryption approach allows users to perform transactions securely without exposing sensitive information. It also permits the framework to execute operations on encrypted data directly within the Ethereum Virtual Machine (EVM), ensuring both privacy and security remain intact.
Circle CEO Jeremy Allaire emphasized the importance of regulated fin
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