#美国就业数据表现强劲超出预期 On-chain transparency vs. privacy protection, this contradiction has been exposed

Recently, industry leaders have been discussing a serious issue: on-chain transfers are now too transparent. Every transaction, your fund flow, and historical records are all exposed. In the short term, hiding behind centralized exchanges might be okay, but this is clearly not a long-term solution.

As soon as this topic emerged, privacy technology solutions instantly became the focus. Railgun, Zcash, ZK stablecoins, UTXO chains… various solutions are promoting their ability to hide transactions at low cost. It sounds very appealing.

The problem is, ordinary users simply cannot accept the current situation. Imagine using cryptocurrency to buy a coffee on-chain, and instantly everyone knows how much money is in your wallet—that’s unbearable. Not to mention the real threats like address tracking and kidnapping risks. On-chain transparency and everyday payment needs are completely at odds, and the contradiction is becoming more acute.

No wonder more and more teams are betting on privacy-focused public chains. Zcash has persisted so strongly because it addresses this core issue—it has captured users’ real pain points. Privacy is not just a technical issue; it is becoming an unavoidable problem for everyone. The future may very well be heading in this direction.