In summary, Dusk Network (DUSK) is a layer-1 blockchain designed to provide privacy in financial applications, particularly for the tokenization of regulated real-world assets (RWA). DUSK, its utility token, is used for transactions and staking within the network.
Dusk Project and Technology
This project is developed by Dusk Network BV, a company based in Amsterdam, Netherlands. Here are some of its key technologies and features:
Privacy and compliance: Dusk uses Zero-Knowledge Proofs (ZKP) technology to enable confidential transactions, bridging the gap between traditional finance and transparent decentralized finance. This technology allows for the verification of information without revealing its details.
Confidential smart contracts: Dusk is one of the first blockchains to offer confidential smart contracts (Confidential Security Contract/XSC) natively, providing high levels of privacy and security for enterprise financial applications.
SBA consensus mechanism: The Dusk network uses a unique consensus mechanism called Segregated Byzantine Agreement (SBA), which is an enhancement of the Proof-of-Stake (PoS) protocol. SBA ensures the decentralization and security of the network.
Scalability and finality: The Dusk network is designed to be scalable and can process thousands of transactions per second (TPS), with near-instant transaction finality.
Asset tokenization (RWA): A key feature of Dusk is its ability to support asset tokenization, enabling the creation and management of digital representations of regulated real-world assets.
