Starknet introduces STRK20 private tokens to enable anonymous transfers
Starknet launched the STRK20 token standard to bring native, private balances and transfers to ERC-20 assets on its network.Summary
Starknet has introduced STRK20, a new token standard designed to integrate native privacy for ERC-20 assets, addressing the transparency limitations of public blockchains that deter institutional adoption. STRK20 allows tokens to operate with private balances and transfers by default through the Starknet Privacy Pool, where users deposit assets to conduct shielded transactions verified by zero-knowledge proofs. This architecture preserves composability, enabling features like anonymous swaps and staking, with initial integration planned for the Ekubo decentralized exchange. Furthermore, the system includes a compliance mechanism where users register an encrypted viewing key that designated auditors can use if legally mandated, ensuring traceability without compromising the privacy of other users.
(Source：Crypto Briefing)