Transparency on public blockchains is a double-edged sword. Think about it—every operation by fund managers is visible to everyone, which obviously isn't conducive to protecting investment strategies. There are also teams that pay employees with stablecoins; once the wages are on-chain, they become public information, making privacy difficult to maintain. Plus, those institutions that want to prove they have sufficient reserves but are reluctant to fully disclose their accounts are in a tough spot.

That's why deploying privacy protocols on Ethereum is so crucial—it addresses not just technical issues but also real-world business needs. With privacy solutions, everyone can enjoy the transparency benefits of blockchain without revealing all their cards. I feel this direction will become increasingly important, especially as institutional-grade applications grow.

What do you think? What is the application prospect of such privacy protocols in real-world scenarios? #大户持仓动态 $ZK