🤩 @tenprotocol What they are doing addresses my long-standing questions about stablecoins and on-chain privacy. The stablecoins we currently use are actually quite fragmented; each project issues its own set, which are not interchangeable, leading to a super disjointed experience. What's worse is that as soon as you use stablecoins for transactions, the records are public, and others can even see how much you spent and who you sent it to. Who can tolerate that? In reality, if you give someone a $20 bill, no one tracks you, but on-chain, your privacy is laid bare for the whole world to see. This is so against the spirit of Web3. Ten Protocol aims to solve this problem. They have built an L2 on Ethereum using a cryptographic technology called TEE (Trusted Execution Environment). Simply put, the operations you perform on-chain are encrypted in the privacy layer, making them invisible to others, even the nodes can't read them. I think this is crucial; otherwise, no matter how many features there are, privacy feels like being exposed. They have not only made stablecoins programmable and privacy-friendly tools, but they also allow you to decide which transactions should be public and which should be confidential, just like in real life when you choose to pay by card or cash. Having this freedom is what true "financial autonomy" is about. I also saw that they are recently collaborating with pudgypenguins to expand into more application scenarios. TEE can be used not just in finance but also in AI, iGaming, and other areas that have particularly high privacy requirements, so the potential scenarios are vast. Ultimately, what can truly drive the evolution of Web3 is not the superficial hype but the underlying technology that can simultaneously address experience, privacy, and performance. Ten Protocol seems to be moving in this direction, and if you're also interested in the future of cryptocurrency, this project is worth your time to learn about. You can also keep an eye on projects on @arbitrum!