Dusk Network is a layer one blockchain focused on privacy, specifically designed for real-world financial markets. Its mission is to integrate institutional-grade assets such as securities, funds, and tokenized real assets into the blockchain, while maintaining privacy and regulatory compliance.
Dusk Network addresses the issue arising from traditional financial institutions' inability to widely adopt blockchain due to the conflict between the transparency of public blockchains and the need for financial institutions to protect commercial secrets, as well as the fact that fully anonymous private cryptocurrencies contradict enhanced global financial standards.
Dusk Network uses technologies such as Rusk (a virtual machine for programming smart contracts and setting compliance parameters), PLONK (for transaction privacy and security), and Microkelvin (for complex data structures in smart contracts) to provide a fast, scalable, confidential, and secure blockchain. The network aims to eliminate the traditional divide between 'crypto-users' and 'traditional finance users' by providing both access to the same financial infrastructure on the blockchain.
Dusk Network allows for confidential transactions, programmable compliance with requirements, instant and final settlements, as well as selective audits for regulators. This enables institutions to use blockchain technology for settlements, asset management, and financial automation without disclosing confidential information. Features such as confidential smart contracts and zero-knowledge proofs enable the network to ensure privacy and auditability.
Dusk Network is already collaborating with companies like 21X to create a market for tokenized securities that complies with European regulations. This reflects Dusk's approach to implementing blockchain in traditional finance: slowly, procedurally, and based on trust, focusing on regulated venues and relevant asset issuers.
