RippleX Proposes Private Transfers on XRP Ledger – Blockonomi
TLDR RippleX has published a whitepaper introducing confidential transfers for multipurpose tokens on the XRP Ledger. The proposed standard encrypts account balances and transaction amounts while keeping wallet identities public. The system uses EC ElGamal encryption and zero-knowledge proofs to validate transactions. Validators can confirm sufficient funds without viewing the actual transfer amounts. The protocol…