機密餘額：升級Solana的隱私

自索拉納（Solana）透露機密餘額以來已經一個月了，這是一系列擴展，為資產所有者和代幣發行人增加了新的機密性。

It’s been a month since Solana revealed Confidential Balances, a set of extensions that add new layers of confidentiality for asset owners and token issuers. The move encloses an effort to enhance privacy features without sacrificing necessary compliance.

自索拉納（Solana）透露機密餘額以來已經一個月了，這是一系列擴展，為資產所有者和代幣發行人增加了新的機密性。此舉封閉了提高隱私功能而不犧牲必要合規性的努力。

BeInCrypto consulted Pat Zhang, head of research at WOO X, to analyze how these latest developments might influence user adoption and the broader Solana ecosystem.

Beincrypto諮詢了Woo X研究主管Pat Zhang，分析了這些最新發展如何影響用戶採用和更廣泛的Solana生態系統。

Confidential Balances: Upgrading Privacy on Solana

機密餘額：升級Solana的隱私

In April, Solana expanded the specialized extensions originally developed under its Token2022 program.

4月，Solana擴大了最初根據其Token2022計劃開發的專業擴展。

This latest development, renamed Confidential Balances, upgrades the level of confidentiality users can access. It builds on the earlier Confidential Transfers function and uses zero-knowledge proofs together with homomorphic encryption to keep transaction details hidden from public view while still allowing verification on-chain. Confidential Balances allows transaction amounts to be hidden while wallet addresses remain visible. It also supports concealing transaction fees using the same encryption methods and enables token minting and burning without revealing changes in supply.

這一最新開發（重命名的機密餘額）升級了用戶可以訪問的機密性水平。它建立在較早的機密傳輸功能上，並使用零知識證明以及同構加密，以使交易詳細信息遠離公眾視圖，同時仍允許在鏈上進行驗證。機密餘額允許隱藏交易金額，而錢包地址仍然可見。它還支持使用相同的加密方法隱藏交易費用，並在不揭示供應變化的情況下實現令牌鑄造和燃燒。

These features enhance on-chain transaction privacy. They are also compatible with regulatory requirements. The upgrade provides token issuers with a new set of functionalities. An optional feature called the auditor key lets designated entities, such as regulators or compliance teams, decrypt transaction data when necessary. Token issuers can configure different privacy levels, from fully public to fully confidential, allowing for flexible use across a range of applications.

這些功能增強了鏈接交易隱私。它們還與監管要求兼容。升級為令牌發行人提供了一套新的功能。可選功能稱為審核鍵，允許指定的實體（例如監管機構或合規團隊）在必要時解密交易數據。令牌發行人可以配置不同的隱私級別，從完全公開到完全機密，從而可以在一系列應用程序中靈活使用。

Can Solana Outpace Competitors in Privacy Adoption?

Solana能否超越採用隱私的競爭對手？

While competitors like Ethereum have already used zero-knowledge proofs to enhance user privacy, Zhang believes Solana’s inherent strengths will allow it to achieve greater adoption through Confidential Balances.

儘管像以太坊這樣的競爭對手已經使用了零知識證明來增強用戶隱私，但張認為索拉納的固有優勢將使它通過機密餘額獲得更大的採用。

Solana’s low fees, high throughput, and configurable privacy levels provide distinct advantages in both developer and retail markets. For retail users, the impact could be significant. Solana’s low fees, often under $0.01, and fast transaction speeds make privacy features more accessible compared to Ethereum’s costlier zkRollups.

Solana的低費用，高吞吐量和可配置的隱私水平在開發人員和零售市場中都具有明顯的優勢。對於零售用戶，影響可能會很大。 Solana的低費用通常低於0.01美元，而快速交易速度使與以太坊的ZKrollups相比，隱私功能更容易獲得。

For institutional investors, Solana’s low transaction fees, around $0.00025, and high performance, with a theoretical throughput of 710,000 transactions per second, allow institutions to process large volumes efficiently while reducing operational costs.

對於機構投資者來說，Solana的低交易費用約為0.00025美元，並且高性能每秒710,000筆交易的理論吞吐量，允許機構有效地處理大量款項，同時降低運營成本。

These features also benefit institutions in managing liquidity and executing large trades without price impact. Institutions managing high-net-worth clients can execute large trades through confidential transfers without triggering market manipulation or front-running. The auditor key functionality also provides compliance support by enabling designated regulators or compliance teams to decrypt transaction data when necessary, ensuring adherence to anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.

這些功能還受益於機構管理流動性和執行大型交易而不會產生價格影響的機構。管理高淨值客戶的機構可以通過機密轉讓執行大型交易，而無需觸發市場操縱或前線運行。審核員密鑰功能還通過使指定的監管機構或合規團隊在必要時解密交易數據，從而提供合規性支持，從而確保遵守反洗錢（AML）和反恐融資（CTF）法規。

Is Solana’s Approach Alienating Privacy-Focused Users?

Solana的方法是否疏遠了以隱私為中心的用戶？

While regulations are essential to protect users and maintain market integrity, the crypto industry’s outsized focus on confidentiality may place compliance as a secondary concern. As a result, Solana’s newest privacy features may drive away users who prioritize privacy over compliance.

雖然法規對於保護用戶和維持市場誠信至關重要，但加密行業對機密性的專注可能將遵守構成次要關注。結果，Solana的最新隱私功能可能會驅逐優先考慮隱私而不是合規性的用戶。

The emphasis on compliance, especially with features like auditor keys, could deter entities that prioritize full anonymity or minimal regulatory oversight. Since Confidential Balances aims to balance privacy with compliance, it may not align with the preferences of these privacy-focused institutions or entities.

強調合規性，尤其是在審計鑰匙之類的功能上，可以阻止優先級匿名或最少監管監督的實體。由於機密餘額旨在平衡隱私與合規性，因此它可能與這些以隱私為中心的機構或實體的偏好不符。

Early Impact and Future Potential

早期影響和未來潛力

Given that Confidential Balances has only been available for a month, it’s difficult at this stage to gauge just how much it has contributed to greater Solana adoption. In the absence of this information, tracking key indicators will be crucial in measuring the performance of this newest feature.

鑑於機密餘額僅可用一個月，因此在此階段很難衡量它為更大的索拉納采用貢獻了多少。在沒有此信息的情況下，跟踪關鍵指標對於衡量此最新功能的性能至關重要。

Zhang suggests tracking several benchmarks to assess the impact of Confidential Balances on the Solana ecosystem. These metrics include changes in token issuance volume, minting activity, on-chain transaction patterns, and activity levels within institutional wallets.

張建議跟踪幾個基準測試，以評估機密餘額對Solana生態系統的影響。這些指標包括令牌發行量的變化，鑄造活動，鏈交易模式和機構錢包內的活動水平。

However, Zhang remains cautiously optimistic over its eventual success. Confidential Balances appears to be an important step in Solana’s efforts to attract institutional adoption. By addressing concerns around privacy and compliance, it could enhance Solana’s position in the DeFi, DePIN, and enterprise markets. Over time, this upgrade may contribute to the growth of Solana’s market share and ecosystem.

但是，張對最終成功仍然謹慎樂觀。機密平衡似乎是Solana努力吸引機構採用的重要一步。通過解決對隱私和合規性的擔憂，它可以提高Solana在Defi，Depin和Enterprise Markets中的地位。隨著時間的流逝，此升級可能會促進Solana市場份額和生態系統的增長。