My years of experience in the crypto space have made me increasingly aware of a deep contradiction: blockchain champions decentralization and freedom, yet uses almost absolute transparency to undermine privacy. Every transaction, every holding leaves an eternal mark on the chain, like being under a spotlight with nowhere to hide. For financial participants, especially those with significant assets, this is almost unacceptable—no one wants competitors or regulators to see all their strategies at a glance.

Because of this dilemma, I have re-evaluated the Dusk project. From the early days of Dusk Network to its current simple one-word name, this evolution is quite interesting—no riding the trend, no creating buzzwords, just focusing on diving deep into privacy technology. This restrained and focused attitude is worth paying attention to.

What truly attracts me is Dusk’s core mission: to put institutional-grade assets into anyone’s wallet while protecting privacy. At first glance, it sounds ambitious, but the logic actually holds up. Behind the current prosperity of the DeFi ecosystem, how many participants suddenly become alert late at night—my on-chain footprint is completely transparent, what if regulators suddenly intervene, or competitors analyze data to figure out my true positions? What would be the consequences? This is not alarmism, but a real risk. For DeFi to truly attract institutional participation, privacy protection is an unavoidable hurdle. This also explains why the privacy track has always existed and is becoming increasingly important—not because someone wants to do bad, but because privacy is a fundamental need in finance.