17.04.2026 09:48

VerifiedX has unveiled Prism, a privacy‑enhancing layer built directly into its network that lets users move Bitcoin without exposing transaction details. The system introduces two assets: vBTC, a token that is fully backed by Bitcoin on a one‑to‑one basis, and VFX, the network’s native currency. By wrapping Bitcoin in vBTC, VerifiedX claims this is the first occasion where the flagship cryptocurrency can operate inside a confidential, programmable environment.

Prism’s core functionality revolves around shielded transactions. Users receive private addresses, encrypted balances and the ability to send funds from one shielded address to another. They can also toggle between transparent and private modes, choosing when to reveal information. A selective‑disclosure mechanism, powered by viewing keys, permits parties to share specific transaction data—such as for regulatory compliance—while keeping the rest of the activity hidden. According to VerifiedX, the layer conceals counterparties, amounts and behavioral patterns, yet still allows anyone to verify the validity of a transaction on‑chain.

Underpinning Prism is a zero‑knowledge proof architecture based on the PLONK protocol. The performance‑critical components are written in Rust and sit atop native execution layers, enabling the network to confirm that a transaction is correct without revealing the underlying data. This design supports efficient proof generation across multiple asset types and abstracts the cryptographic complexity away from end‑users, who interact only with familiar wallet interfaces. VerifiedX stresses that the balance between privacy and on‑chain verifiability distinguishes Prism from earlier privacy‑focused solutions.

In related market commentary, Arthur Hayes warned that Bitcoin could encounter downward pressure as trading activity narrows into a no‑trade zone, though his remarks remain separate from the technical rollout of Prism.