What Is Dusk?
Dusk is the Privacy Blockchain for Financial Applications. A new standard for compliance, control and collaboration. The mission is to enable any size enterprise to collaborate at scale, meet compliance requirements and ensure that personal and transaction data remains confidential. Companies use the Network blockchain to issue tokens, trade and collaborate via smart contracts.
Dusk Storage Key Points
|Circulating Supply||370,663,705.88 DUSK|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
How does it work?
Dusk Coin through the use of a transactional model called Phoenix, Dusk Network focuses on bringing privacy and anonymity to both transactions and smart-contracts. Additionally, tokens deployed on Dusk Network can build on top of Zedger, a hybrid privacy-preserving model based on Phoenix, specifically modeled for security tokens.
The ‘Segregated Byzantine Agreement’ (SBA) consensus mechanism secures the network. According to the team from Dusk Network, SBA is an improvement over the underlying Proof-of-Stake (PoS) mechanism as it combines existing ideas like cryptographic sortition (lottery), stealth time-locked transactions (private stake amounts) and a reputation module to increase the chances of selecting honest nodes and further promote decentralization.
Fast & Confidential Transaction
Strict on-chain data privacy via Zero-Knowledge proofs
A distributed Dusk Financial Market Infrastructure (dFMI) should provide clear and final settlement of transactions. Moreover, the settlement of transactions should be instant or near-instant (<15s). The popular Proof-of-Work consensus mechanism used by Bitcoin and Ethereum does not address these requirements.
Therefore, they designed a more performant consensus called Proof of Blind Bid to preserve privacy in the network, and directly settle transactions within 15 seconds. Powered by Zero-Knowledge technology, organizations use to issue tokens that are governed by privacy preserving smart contracts. Harnessing the power of DLT while respecting confidentiality agreements, and data protection legislation.
DLT For Global Collaboration
Encouraging collaboration at scale
Dusk Banking on the benefits of public and open source DLT, participation is affordable and cost-efficient. Any business can access privacy-preserving blockchain infrastructure for global collaboration at scale. Users are incentivized to connect their computers to the network, run a blockchain node and participate in the network upkeep.
Blockchain Compliance By Design
Protect privacy, and comply with regulation
Network is designed for safety and compliance with global regulation and local legislation. By utilizing zero-knowledge cryptography and advanced encryption methods, they empower businesses to comply with the GDPR and financial market directives. Enabling them to safely engage in global alternative finance.
Never wait for block confirmations again. Transactions are fast, taking mere seconds to complete and achieve immediate on-chain finality.
Dusk Coin Proof of Blind Bid consensus is designed for high-throughput, supporting the needs of businesses of all sizes.
Zero-Knowledge cryptography is our bread and butter. They make privacy programmable on a public ledger.
The novel Proof of Blind Bid consensus is unforkable. Providing you with a trusted and reliable network
Dusk Companies tap into the power of blockchain to streamline operations, and unlock new business models. Explore the use cases and see how your company benefits from privacy-protecting blockchain technology.
Tailored For Business Adoption
Blockchain technology’s popularity is on the rise, with the completion of hundreds of Proof-of-Concepts the institutional world is paving the way towards real-world adoption. In recent years, an increasing number of companies have turned to blockchain to realize economies of scale by increasing industry collaboration, cost reduction through efficiencies and to unlock new value chains and entirely new business models. the solutions are tailored for businesses, and are designed to comply with strict regulatory requirements and financial market principles.