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The key difference in the privacy coin track is often overlooked.
Judging whether a privacy protocol is truly competitive is not just about whether it has privacy features. The real dividing line is whether users are protected in a default privacy environment or need to actively choose to enable privacy mode.
Projects like Zcash fundamentally differ in this regard. Default privacy versus optional privacy may seem like a small word difference on the surface, but it actually determines user experience, transaction habits, and even the development direction of the entire ecosystem. Once users need to manually enable privacy features, the usage rate will drop significantly—human nature is like that.
This is also why some privacy coin projects have never broken through the ceiling. No matter how advanced the technology is, if privacy cannot be the default state, it will ultimately become a niche tool.