All about Solana’s fall below $83 as market weakness overshadows new privacy upgrade

Infrastructure provider Helius has announced the launch of Solana [SOL] Privacy Rings. It is a permissionless privacy protocol with execution and settlement on Solana that gives developers a way to add privacy features to new and existing applications through APIs. Privacy as the final scaling frontier According to Solana, this update will lay the foundation for private payments, private DeFi, and compliant privacy for businesses. By default, balances, counterparties, and transactions are public. The Privacy Rings are aimed at making the network private, making privacy programmable and scalable, without deteriorating the user experience. The protocol uses programmable shielded pools. Native Solana execution is used with encrypted on-chain balances. CEO of Helius, Mert Mumtaz, said, The final scaling frontier in crypto is privacy.

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