【Uncle's In-Depth Reading】After discussing property rights in the long article, let's delve into the details: can the code really be converted back to physical form?
Hello, dear readers, I am Uncle.
In the long article, I just mentioned that the core competitiveness of @Dusk lies in "two-way redemption." Now let's directly cut to the most critical technical action: when you want to exit, how does the token in your hand turn back into "real property rights"?
If assets can only go in but not out, then this is just a closed digital game. The truly hardcore aspect of Dusk is that it creates a dual closed loop of "physical redemption" in law and technology:
1. Legal lock-in of the XSC protocol:
Assets issued on Dusk must comply with the XSC (Privacy Security Contract) standard. When you initiate a redemption, the system will execute the "burn" instruction. This does not merely delete the digital asset in legal terms but formally triggers your right to request "physical delivery" as a legal beneficiary.
2. Redemption Agent takes over:
This step is the most critical. Dusk acts as an intermediary through regulated partners (such as the NPEX exchange). Once the on-chain destruction is confirmed, the system will simultaneously send the instructions that have passed Citadel's privacy verification to the real-world redemption agent.
3. Physical transfer of property rights:
The agent will transfer the asset ownership back to your name from the issuing party's SPV at the central securities depository (CSD) or relevant registration authority in the real world. Whether it is stock shares or physical certificates, this is a process of "code disappearing, rights emerging."
Uncle's Perspective:
Only with this kind of hard path of "digital to physical" can the price of assets avoid becoming a shadow. The road built by Dusk is the only reason professional funds dare to enter the market.
$DUSK #dusk #RWA #MiCA #fintech #ZKP
