Helius Launches Permissionless Privacy Rings Protocol on Solana Mainnet

Cointime update: Solana infrastructure firm Helius on November 10 launched Solana Privacy Rings, a permissionless privacy protocol, on the Solana mainnet. Developers can use its API to add privacy features to new and existing Solana applications, supporting private payments, private DeFi and enterprise-compliant privacy. The protocol uses programmable shielded pools that encrypt assets and amounts on-chain while wallet addresses remain visible; users decrypt balances with a viewing key, and ZK proof verification takes only hundreds of milliseconds.