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On public blockchains, it's desirable for maximum transparency. On a privacy blockchain like midnight, total_supply of a token can disclose activity to others that might be an undesirable side-effect. For example, on bitcoin, everyone is constantly watching whale activity because it might indicate a large selloff and the market usually reacts to it in anticipation.
On midnight, we should optionally be able to keep total_supply as a private field so that mint/burn amounts are not disclosed.
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