@Dusk network is a privacy-focused Layer 1 blockchain, and it’s designed for finance use-cases only and in no way for general-purpose use. In fact, most blockchains are designed in such a way as to make all transactional information visible.
The heart of Dusk Network lies in the standard called the Confidential Security Contract (XSC), which allows the creation and management of security tokens on the blockchain. These contracts allow for the use of confidential smart contracts. Thus, sensitive financial information like ownership and transactions can be concealed but still be verifiable. This makes Dusk Network ideally suited for regulated tokens and institutional applications.
This privacy setup has been made possible through the ‘transactional system named Phoenix’ offered by Dusk, which has brought anonymity and privacy to transactions and smart contracts. Based on what Phoenix has offered, Dusk has created a privacy model named ‘Zedger’ to provide privacy preservation specifically in the case of ‘security tokens’.
The $DUSK token secures the network by staking and provisioning. With a scalable public infrastructure that clears and settles in a seamless manner, the ultimate aim of Dusk is to bring the whole financial system on chain, ranging from real-world assets to digital money.
With Dusk Network, it is now possible for an individual to invest and verify, and for an institution to provide compliant and affordable financial instruments, which is redefining the way in which privacy-enabled financial markets function in the realm of Web3. #Dusk
