NEAR Launches Near.com super app, touting AI capabilities and confidential transactions
Summary
A leading company is poised to capitalize on the next major trend in cryptocurrency, anticipating a powerful convergence with artificial intelligence. This strategic move highlights the growing intersection of these two transformative technologies.
Key Insights
What are confidential transactions on NEAR?
Confidential transactions on NEAR enable private transfers where the sender, receiver, and amount are hidden from public view, using the UTXO model and cryptographic techniques like Merkle roots and proofs of knowledge, while still allowing ledger validation.
Sources:
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How do confidential transactions maintain privacy while ensuring validity?
They use zero-knowledge proofs and encrypted UTXOs so transaction details are not revealed on-chain, but cryptographic commitments and proofs allow the network to verify no double-spending occurs without exposing participant information or amounts.