The future of privacy-focused blockchains like Miden is certain—they will inevitably occupy an important position in the ecosystem. However, there is a practical issue: a completely transparent blockchain is like turning all the rooms in a bank building into glass rooms. On the surface, it seems comprehensive, but very few people will actually use it.

Frankly, whether for daily transfers or long-term asset planning, financial privacy is not an option but a fundamental bottom line for freedom and security. Without privacy as a safeguard, user confidence cannot be established. This is also why more and more developers and institutions are beginning to focus on the design of privacy layers—not to evade, but to make true financial freedom possible.