TechFlow news, July 14, according to official information, Starknet announced the official launch of STRK20, positioned as a privacy framework applicable to any asset within the Starknet ecosystem. The solution supports users transferring assets into the privacy pool with one click, and developers can also integrate privacy features at a lower development cost through software development kits and wallet application programming interfaces.
According to the official introduction, users will undergo screening before entering the STRK20 privacy pool, and on-chain activities will remain encrypted after entry. Unless a valid legal request is received and evaluated by the independent audit firm Financial Privacy Inc, relevant information will not be disclosed. Even if disclosure is triggered, it is limited to the specific users, transfers, or time windows involved in the request.
In terms of security and governance, the master key used for information disclosure is stored by Financial Privacy Inc in a dual-security enclave trusted execution environment, and is jointly safeguarded by a 3/4 multi-signature mechanism and a 7/12 backup mechanism. Starknet stated that this compliance layer aims to balance practical usage needs such as privacy, auditability, and proof of source of funds.
