Ethereum Co-Founder Supports Hinkal’s Public Launch of Privacy Wallet

Hinkal, incubated at Stanford and Binance MVB, launches the Invisible Wallet for private DeFi transactions, with support from Ethereum’s Vitalik Buterin.

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Summary

Hinkal, a blockchain privacy-focused company incubated at Stanford and Binance MVB, has unveiled its Invisible Wallet, designed to enable fully private transactions on decentralized applications while remaining compatible with DeFi protocols. The wallet conceals user asset data, transaction history, and dApp interactions on public blockchains. Ethereum co-founder Vitalik Buterin has publicly supported the launch, which marks the platform’s move to expand privacy tools for all users.

Terms & Concepts
  • Privacy wallet: A type of cryptocurrency wallet designed to conceal user information, such as balances, transactions, and interactions, to enhance anonymity on blockchains.
  • DeFi: Decentralized Finance, a blockchain-based form of finance that operates without traditional central intermediaries such as banks.
  • dApp: A decentralized application that runs on a blockchain and operates without centralized control.