cryptonews.net
VerifiedX, a digital asset infrastructure company, launched its native privacy layer Prism, enabling confidential transactions for Bitcoin and its token VFX. The system introduces shielded balances and private transfers while maintaining on-chain verification.
The solution supports both vBTC, a native Bitcoin representation, and VFX, the network’s utility asset. VerifiedX — blockchain infrastructure developer focused on privacy tools — applies encryption across both assets, allowing them to operate within a unified confidential system.
The platform also integrates with applications such as Butterfly — consumer crypto interface provider — to expand use cases beyond institutional finance. Users can make private payments, interact with financial services, and execute automated transactions.
VerifiedX adds programmable features, including lending, liquidity provision, and algorithmic trading. These functions operate without revealing positions or transaction intent.
The system is based on zero-knowledge proofs using PLONK architecture. This allows validation of transactions without exposing underlying data.
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