> For the complete documentation index, see [llms.txt](https://whitepaper.lacunalabs.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.lacunalabs.io/the-lacuna-wallet/shielded-balances.md).

# Shielded Balances & Notes

A shielded balance isn't a number sitting in an account — it's a set of private **notes** that only you can spend.

## How Notes Work

When you shield funds, Lacuna creates a note: a cryptographic commitment representing an amount that belongs to your secret key. The note is recorded in the shielded pool, but the amount and owner stay hidden inside the commitment.

When you spend — transfer, swap, or unshield — your wallet proves with a zero-knowledge proof that you own a valid note worth enough to cover the action, and creates new notes for the outputs. The old note is marked spent via a nullifier so it can't be double-spent, without revealing which note it was.

## What This Gives You

* Your total shielded balance is private.
* Individual transfers aren't linkable to your deposits.
* Double-spends are cryptographically impossible.

See [Shielded Pools & The Anonymity Set](/how-lacuna-works/shielded-pools.md) for the pool-level view.


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