On public blockchains, transaction details are like a transparent glass house; all on-chain activities are recorded and verifiable. This is indeed a concern for users who prioritize data privacy.

Is there a way to complete transactions while hiding transaction amounts and participant information? Dusk Network's solution is to utilize the Phoenix protocol and zero-knowledge proof technology to achieve selective privacy—your transaction data can be completely concealed, but when disclosure is needed to tax authorities or regulators, proof materials can also be generated. It's like wearing sunglasses while shopping—protecting privacy, yet able to present identity when necessary.

This mechanism is particularly suitable for institutional-level financial scenarios. Smart contracts can also execute in a privacy-preserving environment, keeping transaction logic confidential while allowing result verification. Against the backdrop of increasingly strict European MiCA regulations, this privacy-compliant and compliant technology approach is worth paying attention to.

As data breaches become more frequent, future financial infrastructure indeed needs such a privacy layer. What are your thoughts on on-chain privacy?