🚀 Solana (SOL) introduces a new "Confidential Transfers" feature to encrypt SPL tokens and improve performance! 💥

🔹 Version 1.16 of the update includes “Confidential Transfers”, enabling encrypted transactions with SPL tokens.

🔹 Developed by Solana Labs and verified by blockchain security company Halborn, the new feature has received support from most validators.

🔹 Confidential transfers allow users to conduct transactions without displaying specific details such as the amount.

🔹 The update also includes improvements to Zero-Knowledge Proof capabilities and reduced hardware requirements.

👉 What do you think about this update? Discuss in the comments!