As on-chain data transparency continues to improve, users' demand for privacy protection is transitioning from a conscious awakening to a practical necessity. Whether it's daily wallet transfers, cross-chain asset allocation, or payment behavior in specific vertical scenarios, more and more users are becoming wary of the traceability of transactions and the visibility of personal assets. Meanwhile, projects like Tornado Cash have attracted global attention due to regulatory events, making "privacy tool compliance" a focal point of industry debate.

In this context, Web3 has put forward 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 legal compliance. The new generation of privacy technologies, represented by ZKPs, is reaching a turning point—the very field that FCM Wallet under FAST COIN MIXER aims to intervene in and reshape.

In this exclusive interview, Pig Zhu, the Technical Advisor of FCM China, focuses on how FCM is breaking through the limitations of traditional mixers by utilizing zero-knowledge proofs and an automatic coin shuffling mechanism to ensure transaction anonymity and asset privacy protection. He also delves into a new model for retail liquidity provision and strategic considerations in legal compliance and global market implementation.

It is worth mentioning that FCM Wallet is currently in the alpha 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 ecosystem development progresses, FCM Wallet not only represents the latest frontier of mixing technology but also signals broad prospects for the application of privacy payments in vertical scenarios such as entertainment and cross-border transactions.

Product Innovation of Privacy Wallets

BlockBeats: FCM Wallet has just launched, and it will also be an important part of your ecosystem in the future. Could you first introduce the features and innovations of this product?

FCM: The upcoming FCM Wallet will bring users a completely new usage experience. Unlike common wallet tools on the market, FCM Wallet, in addition to its basic functions, integrates our innovative capabilities in on-chain privacy protection. For example, in blocking on-chain information tracking, asset privacy protection, and other aspects, we are striving to create a truly future-oriented privacy wallet through a series of technical means. We hope this tool will become a benchmark product in the entertainment payment track, continuously creating unique value for users.

FCM Wallet Hosts Global Strategic Launch Event 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 risk?

FCM: FCM Wallet has made a series of technological 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 also incorporated many unprecedented features in user experience, and we look forward to users gradually discovering these highlights in practical use.

BlockBeats: You just mentioned zero-knowledge proofs and privacy protection. Could you further explain how FCM achieves "cross-chain anonymous transactions"? Especially in terms of technical implementation, could you share some key details?

FCM: In the traditional wallet, during the transfer process, the transaction path and history are often easily traceable by on-chain tools, linking to multiple addresses both upwards and downwards, thereby exposing the flow of user funds. In FCM's mixing mechanism, however, each transfer is automatically broken down and recombined, hiding the transaction path through the mixing pool, making on-chain information untraceable to the original source. This is the core technological advantage of our achieving on-chain anonymity and cross-chain privacy transactions.

BlockBeats: How did FCM attract the first group of core users? Especially in this relatively niche track, what was your user growth strategy?

FCM: The mixing track where FCM is located is indeed relatively niche, especially with low awareness among C-end users. One of our greatest innovations is to open individual user participation in liquidity provision for the first time in such a product, drawing traffic through Dapp and allowing users not only to use the tool but also to share the wealth opportunities generated in liquidity building. This "participate while using" design significantly enhances user stickiness and virality, helping us reach a global user base in a short period of time.

Exploring the Boundary Between Privacy and Compliance

BlockBeats: Privacy-oriented products often face compliance pressures. How does FCM emphasize user privacy while also considering legal compliance?

FCM: We always adhere to the principle of compliant operations. During the global business expansion process, we will adjust our operational strategies reasonably based on the laws and regulations of different regions to ensure the legal and compliant promotion of our products in the local market. We believe that only within a compliant framework can projects achieve sustainable development.

BlockBeats: Regarding the recent discussion surrounding the arrest of the Tornado Cash developers, what is your perspective?

FCM: From my personal understanding, this event may be more due to the individual actions of the developers violating specific legal provisions in a certain region. From a technical standpoint, most jurisdictions do not directly convict the "product itself" but rather examine specific individual behaviors. Therefore, I believe there should be a distinction between the legal boundaries of development tools and usage behaviors.

FCM's Future Outlook

BlockBeats: Regarding on-chain privacy payments, what do you think is the key breakthrough point for the industry at present? And what is the biggest challenge you are currently facing?

FCM: The biggest breakthrough lies in our initiative to open mixnet services to C-end users, making privacy payments no longer exclusive to niche developers or institutions. This paradigm shift is strategically significant. Furthermore, through zero-knowledge proof technology and an on-chain fast transaction mechanism, we allow users to achieve efficient and low-cost privacy transactions on mainstream chains, enhancing practical usability.

The biggest challenge lies in the current homogenization of blockchain industry products and intense competition. In this context, how we can continuously win user trust and support based on product strength, technical capabilities, and operational abilities is a long-term issue that we need to address.

BlockBeats: In which countries or regions is FCM's key market currently located? Are there any regional differences?

FCM: As of now, FCM's users are spread across more than twenty countries globally. Key markets include China, South Korea, Japan, the United States, Australia, the Philippines, as well as some African countries such as the Ivory Coast. Users in these regions show high activity levels, providing vital support for our upcoming operational strategies.

BlockBeats: In the next three years, what do you think is the most likely scenario for the explosion of cryptocurrency payments? What role will the FCM Wallet play in it?

FCM: We believe that privacy payments will experience explosive growth in specific verticals, especially in scenarios such as entertainment, cross-border payments, where transaction privacy is highly demanded. FCM Wallet combines features of anonymous transactions, efficient exchanges, and low-barrier participation, making it very suitable for the application needs of these scenarios.

We are committed to establishing FCM as the core infrastructure of the privacy track and also plan to launch the ecosystem token TOP to continuously improve the overall architecture. We believe that niche tracks often harbor the greatest explosive power and value oasis, and the next three years will be a key window for privacy finance to move towards mainstream adoption.

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