The L2 conversation is shifting. As @Ethereum increases throughput and fees stabilise, scaling alone is no longer a sufficient reason for a Layer 2 to exist. The next phase is about capabilities that Ethereum L1 intentionally does not provide. This is where @zksync Prividium fits. Prividium is not positioned as another generic scaling chain. It is a permissioned ZKsync chain built with the ZK Stack, designed for institutional execution environments. Transactions and state remain entirely private inside infrastructure controlled by the institution. What gets published to Ethereum is only the proof layer ⤵️ • State roots and zero knowledge proofs anchor every batch to Ethereum, preserving its security and finality • Execution remains private, keeping balances, counterparties, and transaction inputs off-chain • Interoperability remains native, through the Elastic Network connecting private and public ZKsync chains This architecture aligns with the emerging thesis that L2s should extend Ethereum with specialised capabilities rather than replicate its blockspace. Privacy becomes a structural feature, not an afterthought. And interoperability is not cosmetic bridging. Assets and data move across chains that all ultimately inherit settlement from Ethereum. That is why Prividium can be described as part of The Bank Stack of Ethereum. Private execution environments for regulated institutions, anchored to Ethereum for settlement and credibility, while still connected to the broader liquidity and application layer. Not a competing chain. An extension of Ethereum’s trust model into institutional infrastructure.