<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/circle-launches-new-privacy-framework-for-erc-20" data-wpel-link="internal" rel="noopener noreferrer nofollow">Circle Launches New Privacy Framework for ERC-20</a><br></p>
<p style="text-align: justify">Circle has taken a bold step in the cryptocurrency sector by announcing a new framework designed to enhance transaction privacy. This innovative approach caters to the increasing demand for discretion in financial dealings. What are the specific features of this new framework?</p>
<h2 style="text-align: justify" id="what-is-the-confidential-erc-20-framework">What is the Confidential ERC-20 Framework?</h2>
<p style="text-align: justify">In a recent blog update, Circle, in partnership with Inco Network, introduced the Confidential ERC-20 Framework. Unlike traditional ERC-20 tokens, this framework allows the concealment of both balances and transaction amounts. As blockchain technology is inherently transparent, the need for privacy features is becoming more urgent.</p>
<h2 style="text-align: justify" id="how-does-this-balance-transparency-and-privacy">How Does This Balance Transparency and Privacy?</h2>
<p style="text-align: justify">While blockchain’s transparency aids in tracking transactions, it also raises significant privacy concerns for users. A baseline level of privacy is crucial for the financial system’s integrity, helping to mitigate risks of fraud and other serious issues.</p>
<ul style="text-align: justify">
 <li>The new framework encrypts user balances, making them accessible only to authorized parties.</li>
 <li>Transaction amounts can be hidden, maintaining confidentiality for users.</li>
 <li>Regulatory entities can still access necessary information, ensuring compliance without sacrificing privacy.</li>
 <li>Smart contracts can embed compliance measures to address issues like money laundering.</li>
</ul>
<p style="text-align: justify">The introduction of the Confidential ERC-20 standard offers substantial benefits, boosting both functionality and security within financial applications. It integrates confidential data seamlessly while adhering to regulatory standards, marking a significant advancement in privacy-focused decentralized finance and financial services.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/circle-launches-new-privacy-framework-for-erc-20" data-wpel-link="internal" rel="noopener noreferrer nofollow">Circle Launches New Privacy Framework for ERC-20</a></h5>

Circle Launches New Privacy Framework for ERC-20

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