Citadel, created by the Dusk Foundation, is like a built in ID system for the Dusk Protocol. It lets you stay compliant and keep your info private at the same time.
Think of it as a way to prove you're who you say you are and that you have the right credentials, like passing a KYC check or having the correct regulatory approvals. The cool part is you don't need to show all your personal or financial info. This comes in handy for banks and other institutions. They have to follow rules like anti money laundering laws but they also need to keep sensitive data safe.
The Dusk Foundation made Citadel to fit right into the way the Dusk Protocol works. Whether you're settling a trade or running a smart contract, Citadel makes sure everyone is playing by the rules. Token creators, financial firms, and anyone else using the chain can automatically check if everyone is allowed to be there. This means fewer checks need to happen behind the scenes and things run smoother.
Citadel works with both confidential smart contracts and private transactions. Folks can prove they're allowed to do something without showing all the details to everyone. This keeps things both compliant and under wraps. With Citadel, the Dusk Foundation is setting up a blockchain space where finance can be regulated but still secure, speedy, and private. This gives institutions what they need to get into tokenized assets and DeFi without worry.
