Starknet Introduces STRK20 for Private ERC-20 Transactions
- Starknet has introduced STRK20, a new token standard for private transactions on the network.
- STRK20 allows any ERC-20 token to have private balances and transfers by default.
- The system uses the Starknet Privacy Pool, enabling private transactions verified with zero-knowledge proofs.
- STRK20 supports anonymous swaps and staking, with initial integration on the decentralized exchange Ekubo.
- A compliance mechanism allows encrypted viewing keys to be decrypted by auditors if required legally.
Starknet’s introduction of STRK20 enhances privacy for ERC-20 tokens, enabling anonymous interactions within the DeFi ecosystem while maintaining regulatory compliance through encrypted viewing keys.
Source (3.2)https://cryptobriefing.com/strk20-privacy-token-standard/?rand=59535
