Think about it—your income, investment accounts, and asset allocations in real life—will they be permanently made public? Certainly not. But on most public blockchains, the opposite is true—all transaction records and holding data are permanently accessible.

This isn't ideal for anyone. Especially when a wallet address is linked to a real identity, it’s like putting your financial situation inside a glass house that can never be shattered.

Many people ask: Isn't privacy in conflict with compliance? Not necessarily. The true solution should be like this: users' transaction data is completely private externally, but the system internally can generate verifiable, auditable proofs. When needed, these proofs can be submitted to regulatory authorities or auditing agencies, rather than exposing everything on the chain.

This is the real value of privacy technology—it protects users while also meeting regulatory requirements. It’s precisely because of this logic that the topic of privacy has begun to evolve from purely technical discussions into practical financial operations.