✨ Reasons Why Privacy is Gaining Attention These Days 1. The reason privacy is gaining interest these days is that it can play a significant role in the popularization of Web3. 2. Currently, there are over 590 million virtual asset holders worldwide in Web3, with the number of registered users in Korean exchanges surpassing 16 million, and Bitcoin and Ethereum ETFs are being approved. 3. However, it is difficult to say that Web3 has been popularized based on this alone. True popularization requires large-scale institutional funds from banks, hedge funds, and countries to enter on-chain. 4. The biggest obstacle to this is "privacy." 5. The issues that blockchain faces in the popularization of Web3 can be summarized into three main points. 6. First, regulatory and security issues due to excessive transparency. Since all transactions are public on-chain, if institutions manage customer funds, customer information, asset size, positions, and strategies can be fully exposed. 7. Second, if you try to hide it, regulatory risks arise. Using privacy coins or mixers can lead to delisting or sanctions due to money laundering issues. 8. Third, if on-chain positions are exposed, the risk of attacks increases. If large positions are visible, they can be subject to market attacks like liquidation attacks. Traditional finance has mechanisms to defend against such attacks, but blockchain is structurally open, making defense difficult. 9. Therefore, from the perspective of institutions,...