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20 lines
998 B
TeX
20 lines
998 B
TeX
\section{Introduction}
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Public blockchains expose all transaction data on-chain, creating privacy challenges for:
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\begin{itemize}[leftmargin=1.1em]
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\item \textbf{Individuals}: Wallet balances and transaction history publicly visible
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\item \textbf{Enterprises}: Business logic and trading strategies exposed
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\item \textbf{Institutions}: Regulatory compliance requires selective disclosure, not full transparency
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\end{itemize}
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\paragraph{Prior Work.} Existing privacy solutions have limitations:
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\begin{itemize}[leftmargin=1.1em]
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\item \textbf{Zcash}: Privacy only for native token, no smart contracts
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\item \textbf{Monero}: Ring signatures have limited anonymity set
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\item \textbf{Aztec}: zk-Rollup has 30+ second proof generation
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\item \textbf{Tornado Cash}: Mixer contracts sanctioned by OFAC
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\end{itemize}
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\paragraph{Our Solution.} Lux Z-Chain provides \textbf{programmable privacy} via zk-EVM, enabling private smart contracts with DeFi composability and regulatory compliance.
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