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Starknet Launches STRK20 Compliance and Privacy Framework
Svmuu News Ethereum ZK Layer 2 Starknet has officially launched STRK20, a compliant privacy framework that provides native privacy transaction capabilities for various types of digital assets on-chain.The framework operates based on a privacy pool mechanism. Once users’ assets are deposited into the privacy pool, all transactions are fully encrypted, and information such as transfer addresses and amounts remains invisible to the public. Developers can quickly integrate this privacy system using the accompanying SDK and wallet API to accommodate the private transfer needs of various ERC-20 assets.STRK20 incorporates a comprehensive compliance process: users must complete a preliminary review before entering the privacy pool; the platform will only disclose specific user information, corresponding time periods, or designated transaction records in response to legally valid formal inquiries and following an independent assessment, ensuring that the privacy data of unrelated users is not disclosed.
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