Regarding the topic of privacy coins, many people tend to evaluate new projects and older projects like Monero on the same level, which actually reflects a lag in understanding technological iteration.

The design approach of traditional privacy coins is quite straightforward—hide transaction amounts, and that's it. In the early stages of Web3, this functionality was sufficient, but essentially it just moved anonymous electronic cash onto the chain, unable to support more complex business needs. Want to run applications involving multi-party protocols or complex interactions on top? That’s not possible.

Dusk’s approach is completely different—it aims to solve the problem of "programmable privacy." This is not just about encrypting transaction data, but enabling developers to write smart contracts with inherent privacy features. In other words, you can hide not only information like "transfer amounts," but also "transaction trigger conditions," "contract execution logic," and even internal details of the entire business process.

This capability is highly significant for financial institutions. Take the options market as an example: if your strike price is monitored in real-time across the network, there’s essentially no privacy. Only platforms that can run smart contracts in a privacy-preserving environment while ensuring on-chain verifiability can become the infrastructure for large-scale derivatives trading. That’s what a truly usable computing platform should look like.