Recently, the discussion around the privacy track has been heating up, and there's a phenomenon worth considering: the current transparency of on-chain transactions is indeed a double-edged sword. On one hand, information disclosure enhances security; on the other hand, the complete exposure of personal financial data also brings privacy risks. Especially at the stage where RWA (Real-World Asset on Chain) is about to be widely implemented, how to ensure privacy while meeting compliance requirements has become a core challenge for technical teams to solve.

One project has an interesting approach—it is not simply creating a "privacy coin," but is specifically targeting compliant financial scenarios. In other words, this design can protect transaction privacy at the technical level while allowing regulatory frameworks to operate effectively. The implementation of this concept will be crucial for future institutional-level asset onboarding.

Regarding the technical core of this project, there is a virtual machine architecture called Piecrust. Currently, most ZK solutions on the market face performance bottlenecks, but this engine has undergone significant optimizations—processing speed is noticeably faster. This means that in the future, on-chain trading of securities and handling complex contracts can achieve both privacy protection and transaction efficiency simultaneously.

From the current progress of the project, it has entered a quite critical stage, with the team actively iterating on technology and community interest rising again. For investors looking to find targets in the privacy + compliance track, projects that deeply focus on ZK proofs and aim to solve practical financial problems are indeed worth keeping an eye on.