The XELIS project has introduced Balance Proofs and Ownership Proofs as part of its network upgrade, adding a system for securely disclosing wallet balances in a selective, verifiable manner.
Background: XELIS Before Balance Proofs
Prior to the introduction of Balance and Ownership Proofs, XELIS prioritized strict privacy measures that ensured all transactional data was fully encrypted and inaccessible.
Balance Proofs in XELIS
Balance Proofs enable users to create a one-time proof of their balance. The system employs Pedersen Commitments and Commitment Equality Proofs to verify balances without revealing transaction details.
Ownership Proofs in XELIS
Ownership Proofs allow users to prove the possession of a minimum amount of assets without disclosing the full balance, applying cryptographic principles similar to those of Balance Proofs.
With the introduction of Balance and Ownership Proofs, XELIS combines transparency with privacy, aiding compliance with regulatory requirements.
