Press briefing by Chairman of PAVRA, Bilal Bin Saqib:
“We are entering a new era where technology is reshaping not only how we live, but how financial systems operate. Just as the internet transformed communication, blockchain and cryptocurrency are redefining the future of finance.
Crypto is more than an investment tool. It represents financial inclusion, transparency, and access to global opportunities. In countries like Pakistan, where young people are actively involved in freelancing, remote work, and digital entrepreneurship, crypto offers real solutions for cross-border payments, savings protection, and participation in the global economy.
Binance plays a vital role in this transformation. It is not just an exchange, but a complete digital ecosystem focused on innovation, education, and responsible adoption. Platforms like Binance Academy emphasize the importance of learning, helping users make informed and sustainable decisions.
It is important to understand that crypto is not a shortcut or a gamble. It requires education, discipline, and proper risk management. Responsible participation is the foundation of a secure and long-term digital financial future.
Crypto is not replacing the financial system; it is upgrading it. It is not eliminating jobs, but creating new skills, new industries, and new opportunities.
The future is digital. The future is blockchain. And the journey begins today.”
@Dusk isn’t chasing hype; it’s aiming at a problem most chains still treat like a trade-off: letting financial activity stay confidential while keeping it verifiable when the real world demands it. On the base layer, DuskDS is built for settlement with deterministic finality using its proof-of-stake, committee-based consensus called Succinct Attestation, designed to behave predictably under market pressure rather than relying on “maybe-confirmed” probabilities. Privacy comes from how value can move through different transaction models on the same chain—public when transparency is required, and shielded when sensitive balances and flows shouldn’t be exposed—so disclosure becomes something you control, not something you surrender by default. And when people mention “Lightspeed,” it’s not the L1 consensus; it’s positioned as an EVM-compatible layer that can settle back to Dusk’s base layer, which matters because institutions care about familiar execution environments but still want compliant settlement underneath. The “glass-walled vault” metaphor fits better when you describe it this way: confidentiality inside the system, with the ability to prove what happened to the parties who are allowed to know.
Dusk Network’s PLONK-Powered Stack: Verifiable Privacy on Poseidon, BLS12-381, JubJub, and Schnorr
@Dusk There’s a particular kind of anxiety you only notice once you’ve watched real value move on-chain while real people are waiting on the other side. Not traders refreshing a chart, but teams reconciling end-of-day books, operators trying to explain a failed settlement to a client, compliance staff who don’t get to say “the network was congested” as an acceptable reason. In that world, cryptography isn’t a flex. It’s the quiet language that lets strangers share a single story without exposing more than they have to. Dusk’s stack sits right in that tension, and the reason it works is not one magic trick, but a deliberate relationship between proof systems, curves, hash functions, and signatures that are designed to behave like infrastructure when the mood turns ugly. If you’ve lived inside Dusk long enough, you stop thinking of “privacy” as hiding. You start thinking of it as reducing unnecessary surface area. Most failures in financial systems don’t begin with malice. They begin with ambiguity: two databases disagree, two counterparties remember the same event differently, a timestamp is interpreted in the wrong timezone, a customer support agent screenshares the wrong thing, a competitor learns something they never should have seen. Dusk’s approach makes a simple promise: you can prove you behaved correctly without turning your entire internal reality into public entertainment. That promise is only believable if the underlying math can take pressure without improvising. The proving layer matters because it defines what “truth” feels like to the network. Dusk’s PLONK work is not just a name people repeat; it’s the discipline of making statements verifiable even when the statement itself contains sensitive structure. In practice, this is what turns “trust me” into “verify me,” without demanding that every observer also become a confidant. The Dusk team maintains a pure Rust implementation of PLONK over BLS12-381, and they’re unusually blunt about the seriousness of this surface: they point to an external audit, but still frame the library as something that deserves continued scrutiny and testing, which is the tone you want around cryptographic foundations. BLS12-381 is where the mood shifts from “can we do this” to “can we do this reliably at scale.” On Dusk, it isn’t there to impress anyone with pairings; it’s there because certain forms of aggregation and verification become practical only when your curve choice is built for that kind of job. When people talk about institutional comfort, they often mean policy and process, but the deeper comfort is simpler: fewer moving parts in the verification story, fewer opportunities for “almost right” to slip through. BLS12-381 is part of Dusk’s answer to that, a backbone that makes the proof layer feel like something you can operationalize, not just admire. Then comes Poseidon, which is easy to underestimate if you haven’t built circuits yourself. The thing that changes your perspective is realizing how often systems fail because they can’t efficiently commit to messy data. People assume the hard part is “proving,” but the quiet grind is hashing, committing, structuring, and re-structuring information so it can be referenced later without argument. Poseidon exists in Dusk’s stack because it’s designed for the constraints of zero-knowledge work, where the wrong hash choice turns elegant ideas into expensive, fragile implementations. In human terms, it’s part of what makes privacy feel routine instead of brittle. It helps turn “we can do it in theory” into “we can do it every day without drama.” JubJub and Schnorr are where the system becomes more personal, because signatures are the seam between a human decision and a machine-enforced outcome. When a user signs, they aren’t thinking about elliptic curves. They’re thinking about responsibility. “Did I approve this?” “Can someone forge this?” “Will this signature still mean what I think it means next week, when there’s a dispute?” Dusk has put real engineering weight behind Schnorr over JubJub, including dedicated Rust implementations that explicitly tie the signature scheme to Poseidon as the hashing component. That isn’t random pairing of tools; it’s an opinionated design about consistency and circuit-friendliness, so that the same cryptographic language can be used across proof generation, verification, and authorization without turning the system into a patchwork of incompatible assumptions. What’s easy to miss from the outside is how much of this is about preventing social failure. Privacy systems often die not because the math breaks, but because the human experience breaks. Someone can’t explain what happened. A regulator can’t get the specific evidence they need. A builder can’t reproduce a bug because the data needed to debug it is either completely hidden or completely exposed. Dusk’s stack is built around the idea that disclosure should be intentional and bounded, and that verifiability has to survive imperfect communication. That’s the real value of a well-integrated ZK-friendly hash, curve, and signature system: it reduces the number of moments where people end up arguing about reality. The “recent updates” story inside Dusk is also telling, because it’s less about new promises and more about tightening the operational contract.The mainnet wasn’t treated like one big launch day. It rolled out in careful steps—activation, getting genesis ready, opening deposits, then the first permanent block on January 7, 2025. That step-by-step pace builds confidence.It signals that the team understands migrations and edge cases are where trust is either earned or lost. Since then, you can see the same posture reflected in the node software cadence. In December 2025, the Rusk releases focused on things that don’t trend but decide whether real integrators feel safe: more explicit ways to query finalized events, more structured reporting around account status, and additional endpoints that make it easier to understand what the chain believes without guessing. Even the way “blob” style transaction data appears in the release notes reads like a preparation for handling richer payloads without turning the network into an interpretive art project. It’s the kind of work that makes cryptographic systems feel less like research and more like rails. The token is not separate from this story; it’s the incentive layer that decides whether the people running the system have a reason to stay honest when attention fades. DUSK’s documented supply structure is simple on paper but serious in consequence: an initial 500,000,000 tokens, plus up to 500,000,000 emitted over 36 years, for a maximum of 1,000,000,000. Emissions follow a geometric decay that steps down every four years, which is another way of saying the system tries to be generous early without committing to permanent inflation. In practice, this matters because long-lived infrastructure needs long-lived operators, and operators need a reward model that doesn’t depend on hype cycles to justify the electricity bill. Staking details also reveal the design philosophy. Dusk sets a minimum staking amount and a defined maturity period measured in epochs, but the more human meaning is this: participation is meant to be accessible enough to grow a real validator community, while still requiring enough commitment that actors can’t cheaply flip between identities the moment incentives shift. When markets get volatile, short-term thinking becomes contagious. A staking system is one of the few tools a protocol has to slow that contagion down and keep the network’s security posture from turning into a mood ring. All of these primitives—Poseidon, BLS12-381, JubJub, Schnorr—start to feel less like a checklist and more like a shared grammar. And grammar is what you need when the real world is messy. When two institutions disagree about what was authorized, you need signatures that are unambiguous. When a sensitive transfer must be proven compliant without leaking counterparties, you need proofs that verify cleanly. When you need to commit to a complex state transition without hauling the raw data into public view, you need hashes that work inside the proving constraints. When you want the system to be operable by engineers who have to ship and maintain software, you need an implementation culture that treats audits, release notes, and explicit interfaces as part of the security model, not as marketing. The way I measure a cryptographic stack is not by how beautiful it looks in isolation, but by how it behaves when humans make normal mistakes. Someone uploads the wrong file. Someone signs from the wrong account. Someone builds a client that assumes an endpoint behaves one way and learns the hard way that it doesn’t. Someone tries to reconcile a history where “pending” and “final” were treated as synonyms. Dusk’s recent software updates, its preference for explicitness in node interfaces, and its choice of ZK-friendly primitives all point in the same direction: reduce ambiguity, make verification cheaper than arguing, and keep sensitive context private unless there’s a reason to expose it. And that’s where the conclusion lands for me, not in excitement but in responsibility. Dusk’s PLONK-powered stack is ultimately a commitment to invisible correctness: the kind that doesn’t ask to be admired, only relied upon. The mainnet rollout dates are already behind us, the release notes keep marching, and the token emissions are structured to outlast attention spans. That combination tells you what Dusk is trying to become: infrastructure that can carry real consequences without flinching. In the long run, reliability matters more than attention because attention leaves the moment something else feels shinier. Reliability stays, quietly, doing the work that lets people sleep.