Wu learned that Ethereum developer @Arvolear proposed the concept of Confidential Wrapped Ethereum (cWETH), aimed at enhancing privacy protection for Ethereum users through application layer technology. This solution utilizes the EC Twisted ElGamal commitment scheme combined with zk-SNARKs to encrypt balances and transaction amounts, supporting anonymous peer-to-peer (P2P) payments, donations, and transactions without relying on centralized entities. The cWETH plan is set to evolve into an official EIP standard in the future, with a draft publicly available for community feedback.