[Digital Today reporter Chi-gyu Hwang (황치규)] The Block reported on Monday that Starknet is introducing the STRK20 framework to enhance privacy and support teams issuing shielded stablecoins and other assets under regulatory compliance.
The framework, which will be applied to Starknet later this year, provides token-level privacy for assets issued on the Ethereum layer-2 network. It keeps transactions and balances private while ensuring compatibility with decentralised finance (DeFi) applications. Starknet said it is designed to enable the feature for ERC-20 tokens as well, supporting private DeFi.
STRK20 embeds privacy features directly at the token level rather than in external infrastructure, allowing it to operate without additional structures. Transaction speed is set at within 5 seconds, and costs are set at below $0.20.
The company stressed that STRK20 does not rely on external tools such as mixers for privacy. It hides the sender, recipient, token type and transfer amount by default while maintaining compatibility with the DeFi environment.
Starknet plans to use this as a basis to secure practicality in financial applications as well.
Chi-gyu Hwang
delight@d-today.co.kr