As the transparency of on-chain data continues to increase, users' demand for privacy protection is shifting from awareness to an actual necessity. Whether it is daily wallet transfers, cross-chain asset allocation, or payment behaviors in specific vertical scenarios, more and more users are becoming cautious about the traceability of transaction trails and the public exposure of personal assets. Meanwhile, global attention on projects like Tornado Cash due to regulatory events has made "the compliance of privacy tools" a focal point of industry controversy.
In this context, Web3 is presenting new requirements for infrastructure, not only to ensure the availability and controllability of user assets but also to provide sufficient transaction anonymity under the premise of legality and compliance. The new generation of privacy technology represented by ZKP is reaching a turning point for implementation—this is the field that FCM Wallet, under FAST COIN MIXER, aims to intervene in and reshape.
In this interview, FCM's technical advisor for China, Pig Zhu, focuses on how FCM breaks through the limitations of traditional mixers by adopting zero-knowledge proofs and an automatic shuffling and reorganization mechanism to ensure transaction anonymity and asset anti-tracking. He also shares insights into new models for C-end participation in liquidity building, as well as strategic considerations in legal compliance and global market implementation.
It is worth mentioning that FCM Wallet is currently still in the internal testing phase and is expected to launch on the Apple App Store in the coming weeks, providing a high-performance, high-privacy cross-chain wallet tool for global users. As its ecological planning further materializes, FCM Wallet not only represents the latest frontier of mixing technology but also signifies the broad application prospects of privacy payments in vertical scenarios such as film and television and cross-border transactions.
Innovation in Privacy Wallet Products
BlockBeats: FCM Wallet has just launched and will also be an important part of your ecosystem in the future. Could you please introduce the features and innovations of this product?
FCM: The upcoming FCM Wallet will bring users a brand new experience. Unlike common wallet tools on the market, FCM Wallet adds our innovative capabilities in on-chain privacy protection on top of basic functions. For example, in terms of blocking tracking of on-chain information and protecting asset privacy, we are striving to create a truly future-oriented privacy wallet through a series of technical means. We hope this tool can become a benchmark product in the film and television payment track, continuously creating unique value for users.
FCM Wallet held a global strategic launch conference in Hong Kong
BlockBeats: Compared to traditional centralized mixers, FCM adopts a decentralized and non-custodial architecture. What advantages does this design have in terms of security and legal risks?
FCM: FCM Wallet has made a series of technical breakthroughs in privacy protection. We have introduced zero-knowledge proof technology, making on-chain transactions no longer easily traceable, thus ensuring the anonymity and untraceability of user assets. Additionally, we have added many unprecedented features to enhance user experience, and we look forward to users gradually discovering these highlights in actual use.
BlockBeats: You just mentioned zero-knowledge proofs and privacy protection. Could you further explain how FCM achieves "cross-chain anonymous transactions"? Can you share some key technical details?
FCM: Traditional wallets often allow transaction paths and historical records to be easily tracked by on-chain tools during the transfer process, linking multiple addresses both upstream and downstream, thereby exposing the flow of user funds. In FCM's mixing mechanism, each transfer is automatically shuffled and recombined, hiding the transaction path through a mixing pool, making on-chain information untraceable to its original source. This is our core technical advantage in achieving on-chain anonymity and cross-chain privacy transactions.
BlockBeats: How does FCM attract its first batch of core users? Especially in this relatively niche track, what is your user growth strategy?
FCM: The mixing service track that FCM is in is indeed quite niche, especially with low awareness among C-end users. One of our biggest innovations is that we are the first to allow individual users to participate in market-making in such products, bringing traffic in through a Dapp approach, allowing users not only to use the tool but also to share the wealth opportunities generated in liquidity building. This "use while participating" design significantly enhances user stickiness and virality, helping us reach users globally in a short period.
Exploring the Boundaries Between Privacy and Compliance
BlockBeats: Privacy products often face compliance pressures. How does FCM balance user privacy while ensuring legal compliance?
FCM: We always adhere to the principle of compliant operations. In the process of expanding our global business, we will reasonably adjust our operational strategies according to the laws and regulations of different regions to ensure that we promote product implementation legally and compliantly in local areas. We believe that only within a compliant framework can projects achieve sustainable development.
BlockBeats: What are your thoughts on the recent discussions surrounding the arrest of Tornado Cash developers?
FCM: From my personal understanding, this incident may be more about the developers' individual actions violating certain local laws. From a technical perspective, most jurisdictions do not directly convict the "product itself" but rather examine specific individual behaviors. Therefore, I believe it is important to distinguish the legal boundaries between development tools and usage behaviors.
FCM's Future Outlook
BlockBeats: Regarding on-chain privacy payments, what do you think are the key breakthrough points in the industry right now? What is the biggest challenge you currently face?
FCM: The biggest breakthrough point is that we are the first to open mixing services to C-end users, making privacy payments no longer exclusive to niche developers or institutions. This paradigm shift is strategically significant. Secondly, through zero-knowledge proof technology and rapid on-chain transaction mechanisms, we enable users to achieve efficient and low-cost privacy transactions on mainstream chains, enhancing actual usability.
As for challenges, the biggest difficulty lies in the current high homogeneity of products in the blockchain industry and intense competition. In this context, how we can continuously win users' trust and support through product strength, technical capabilities, and operational abilities is a long-term issue we need to face.
BlockBeats: Currently, which countries or regions are FCM's key market distributions? Are there regional differences?
FCM: As of now, FCM's users are spread across more than twenty countries worldwide. Key markets include China, South Korea, Japan, the United States, Australia, the Philippines, and some African countries like Côte d'Ivoire. Users in these regions are highly active, providing important support for our upcoming operational strategies.
BlockBeats: What do you think will be the most explosive scenarios for crypto payments in the next three years? What role will FCM Wallet play in this?
FCM: We believe that privacy payments will first achieve explosive growth in specific vertical fields, especially in scenarios such as film and television entertainment and cross-border payments, where there is a strong demand for transaction anonymity. FCM Wallet, with its characteristics of anonymous transactions, high-efficiency exchanges, and low-threshold participation, is very well-suited to meet the application needs of these scenarios.
We are committed to making FCM a core infrastructure in the privacy track and also plan to launch the ecological token TOP to continuously improve the overall architecture. We believe that niche tracks often hide the greatest explosive potential and value gaps, and the next three years will be a critical window for privacy finance to move towards mainstream adoption.
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