XRP Ledger integrates zero-knowledge proofs for privacy

XRP Ledger has integrated Boundless, a zero-knowledge (ZK) proving network, to enable private transactions. This enhancement allows for native verification of ZK proofs on the public blockchain, addressing the 'transparency tax' that has deterred institutional adoption. Financial institutions can now conduct transactions without revealing sensitive details like amounts or counterparties, while still adhering to regulatory requirements. The move aims to boost institutional confidence and participation in public blockchain networks by offering enhanced privacy and compliance.