Money
Helius Snaps Up Light Protocol in Major Solana Privacy Play
— Ai Summary —
Helius has completed its acquisition of Light Protocol to bolster Solana's privacy capabilities. The deal reunites Light Protocol with its privacy-focused origins and aims to deliver zero-knowledge privacy for payments and DeFi on Solana. Light Protocol previously pivoted to ZK Compression, a framework unveiled in 2024 to reduce on-chain storage costs.
Led by founder Mert Mumtaz, Helius will merge Light Protocol's cryptography with its infrastructure and developer ecosystem. The two firms are developing a ZK-powered privacy protocol for Solana-based apps, still unnamed, with a flexible, fully programmable design. The collaboration aims to support private payments and confidential DeFi for enterprise and consumer users.
AI-generated summary • Source: Blockonomi • Read the full article for complete information.
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