Techub News, citing CoinDesk, reported that Ethereum developers are exploring a new privacy-focused token standard known as pERC-20. The proposed standard is designed to allow users to hold and transfer tokens without publicly exposing their balances, the amounts involved in transactions, or the counterparties taking part in those transfers.
pERC-20 treats tokens as encrypted notes
The approach differs from the current ERC-20 standard. Under pERC-20, tokens are handled as encrypted “notes” rather than being represented through openly visible balances and transfer amounts. In this structure, only the total supply remains publicly visible, allowing the overall issuance and supply of the token to be verified.
The report also said pERC-20 includes a compliance mechanism that allows issuers to freeze specific notes. Starknet this week also introduced STRK20, a privacy token framework aimed at extending privacy protection to DeFi applications such as lending.