"Enclave Markets: A Fully Encrypted Exchange Merging CEX and DEX" CEX inevitably falls into a trilemma, where efficiency relies on centralization, security depends on human nature, and freedom is contingent upon regulatory leniency; while DEX breaks the custodial risks of CEX through 'self-custody of assets', it gives rise to more obscure chains of economic exploitation; Enclave Markets creates a secure enclave using Intel SGX, a hardware-level TEE. In the secure enclave, all transaction data (such as order books, user balances, transaction details) is encrypted; Private Key Sharding, where user fund private keys are split into 9 Shamir secret sharing shards, will consist of independent node operators, audit agency nodes, and community governance nodes within the validators network. Read more: