blockchains work because they give us a shared, verifiable state: everyone sees and checks the same ledger. that’s why apps can plug into each other, assets can move across protocols, and composability exists at all. before blockchains, no system offered a universal shared state. every institution and every app kept its own database. integrations were fragile, and you had to trust big intermediaries or custom apis to stitch things together. the breakthrough of blockchains was not just that the state was shared — but that it was public, verifiable, and tamper-resistant. coordination became possible at a global scale, but the cost was transparency: balances, transfers, interactions exposed permanently. the challenge has always been this: how do you combine the shared state that makes blockchains powerful with the privacy users need? today, private chains give up shared state entirely, but that kills composability. the breakthrough is encrypted execution on shared state: privacy without losing coordination. this is the inflection point: arcium brings encrypted execution to blockchains. the same composability blockchains unlocked, now extended by privacy. a foundation for new applications, and a path for the next wave of users to onboard. accelerate.