Let's continue discussing the privacy track, still with our old friend, @0xPolygon Miden from the ecosystem! From the resurgence of Zcash in 2025 to the major public chains now addressing the privacy gap, it's clear that the wind has changed—privacy is no longer exclusive to hackers; it has become a necessity for the masses. Recently, I also carefully read Miden's @0xMiden insights on industry trends for 2026, and there are three points that are very clear, which I believe are the core logic everyone must understand when looking at projects this year: 1: Saying goodbye to "absolute anonymity" and moving towards "controllable transparency" In the past, people thought privacy meant completely hiding transactions, but that doesn't work commercially. The future direction is definitely to return the choice to the users. For small purchases like buying a cup of coffee, you can choose to be anonymous. But for large asset swaps or institutional transfers, there must be auditability. Privacy is not about "hiding dirt"; it's about making data disclosure "programmable." 2: Compliance is not a compromise; it's the ticket to the table. Many geeks dislike compliance, but the reality is: if you want to bring in massive traditional funds and institutions, compliance is the road that must be paved. Privacy solutions that can accommodate regulatory requirements are the ones that truly have the capability for large-scale implementation. This is not bowing to centralization; it's a hurdle that must be crossed to make Web3 mainstream infrastructure. 3: No matter how flashy the technology, if it's not user-friendly, it's useless. In previous years, the privacy track was filled with obscure cryptographic papers, making it extremely difficult for users to engage, with high Gas fees. By 2026, the core of competition has shifted from "technological flashiness" to "user experience." Whoever can provide users with privacy protection without them even noticing will be the winner. No matter how advanced the technology, if it's just a toy for a few, it has no ecological value. I am optimistic about Miden because they haven't stubbornly pursued those "absolutist" concepts but have taken a "pragmatic" approach. Their current positioning is very smart, perfectly hitting the three biggest common denominators of "compliance + usability + controllability." In the high-threshold ZK track, being able to turn technology into usable products is the ultimate test of skill....