Solana Foundation proposes customized privacy approach over single solution

The Solana Foundation has released a report arguing that a flexible privacy system is necessary to expand corporate adoption of cryptocurrency, CoinDesk reported. According to the foundation, the next phase of crypto adoption hinges on empowering businesses to control what information they disclose and to whom, rather than on transparency alone. It added that Solana's high transaction speeds can support regulatory compliance while simultaneously enabling advanced privacy technologies like zero-knowledge proofs. Instead of a one-size-fits-all solution, the foundation is proposing a new, customizable approach that offers four distinct modes: pseudonymity, confidentiality, anonymity, and a fully private system.