According to Cointelegraph, Aptos has launched the privacy token Confidential APT on mainnet, pegged 1:1 to APT, using zero-knowledge proofs to conceal balances and transfer amounts while preserving wallet address visibility and transaction verifiability. Sherry Xiao, founding engineer at Aptos Labs, stated that the token aims to resolve the tension between blockchain privacy and regulatory transparency, protecting sensitive on-chain information such as salaries. Activation of the audit key requires approval via on-chain governance voting and was launched following near-unanimous support for the governance proposal. Xiao expects individual users to adopt it faster than enterprises.
Aptos Launches Privacy Token Confidential APT on Mainnet
AiCoinShare
Summary
Aptos has launched Confidential APT on its mainnet, a privacy token pegged 1:1 to APT. The token employs zero-knowledge proofs to obscure balances and transaction amounts while keeping addresses visible. A founding engineer at Aptos Labs stated that the token resolves the tension between privacy and regulatory requirements. The token launch followed a governance proposal with near-unanimous support. This on-chain development marks a new token listing on the network.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.