According to a blog post from Solana infrastructure provider Helius Labs, after ten months of development and an audit by blockchain security firm Halborn, the Solana v1.16 update has recently gained adoption by more than half of the validators. The Solana v1.16 update introduces the Confidential Transfers feature, which enhances user privacy through encrypted SPL token transactions without revealing key details of the transaction, such as the transaction amount. The v1.16 version has been running on the test network since June. (The Block) #binancepizza
