BenFen Mainnet Upgrade Brings Native Privacy Payments with Full Encryption

BenPay v1.6.6 mini program now enables encrypted stablecoin transactions with Move VM, MPC, and TSS on the BenFen privacy chain, enhancing cross-chain DeFi and confidentiality.

USDT

USDC

98d ago

Summary

BenPay released version 1.6.6 of its mini program, adding native privacy payment capabilities built on the BenFen privacy chain. The update encrypts account, balance, and transaction path data while using Move VM, MPC, and TSS for secure distributed signing. It also supports stablecoin conversion for private transactions. The platform’s DeFi Earn function offers multi-chain blue-chip aggregation along with USDT and USDC transfers, expanding cross-chain DeFi functionality alongside privacy-focused payments.

Terms & Concepts

Move VM: A virtual machine designed for executing smart contracts (self-executing blockchain code) with a focus on safety and resource control.
MPC (Multi-Party Computation): A cryptographic method allowing multiple parties to jointly compute a function over their inputs while keeping those inputs private.
TSS (Threshold Signature Scheme): A cryptographic protocol where a signature is generated collaboratively by several parties, with only a subset required to produce the signature.