Recently, I want to discuss the technical architecture of a privacy public chain and see how it manages assets on-chain.

The underlying logic of this chain is actually zero-knowledge proofs, but the interesting part is— it fully embeds these cryptographic tools into the protocol layer and smart contracts, enabling a default, programmable privacy. In other words, privacy is not an option but a built-in infrastructure.

The true gatekeeper role is carried out by the Confidential Security Token Standard. This standard is the core threshold for on-chain asset issuance. Unlike other public token standards, it directly incorporates privacy protection and compliance rules into the token itself.

For example, it becomes clear. Suppose you want to issue a bond token on-chain; you can preset compliance restrictions during creation using this technology. Afterwards, all transactions will automatically undergo compliance verification—if a transaction violates the rules, the system simply cannot generate a valid zero-knowledge proof, and the non-compliant operation is mathematically completely blocked. This is not something that can be bypassed by program logic but is an inevitable result of cryptography.

It seems that by 2026, privacy public chain projects with real technical support are still worth paying attention to.