Overview
- VerifiedX, which announced Prism on Thursday, says the layer brings shielded balances and confidential transfers to native Bitcoin via vBTC and to its VFX token.
- Features include encrypted balances, shielded addresses, shielded-to-shielded transfers, and the ability to switch between private and public states.
- Viewing keys let users share specific transaction details with auditors or partners to prove compliance without exposing their full history.
- The company says Prism runs on PLONK-based zero-knowledge proofs with performance-critical code written in Rust to validate transactions without revealing amounts or counterparties.
- Coverage places the launch in a broader push for institutional privacy on public blockchains, though independent adoption and regulatory responses have not been established.