BenFen public chain's native privacy payment function officially launched.

According to official news, BenFen, a stablecoin payment public chain, has completed its mainnet upgrade to v1.24.2, officially launching its native "privacy payment function," which is verifiable, leak-proof, and ready to use immediately. This function implements end-to-end encryption of accounts, balances, and transaction paths at the protocol layer, ensuring data security while maintaining on-chain verifiability, focusing on enhancing privacy and security in stablecoin payment scenarios.

This capability was developed under the leadership of the BenFen team and implemented in collaboration with State Labs. It adopts a combination of Move VM reinforcement + MPC + TSS (threshold signature sharding) scheme, and the signing and authorization process is completed in a distributed manner. The private key is not exposed in plaintext, and the second-level experience is maintained under high-performance consensus.

BenFen's native ecosystem application, BenPay, has deeply integrated the underlying privacy payment capabilities of the public blockchain. This feature is now fully open, focusing on meeting users' privacy needs in areas such as large transfers, bulk payments, and salary disbursements. It supports users in creating privacy wallets with a single click, converting stablecoins into privacy coins that can be used for payments and receipts; and completely hiding transaction amounts and identity information throughout consumption and transfer scenarios.