Sharing and Applications in DUSK Network Ecosystem.
Core Use Cases
A retained number of applications are damaging to DUSK Network ecosystem:
Box Privacy: Privacy and safe decentralized finance.
Confidential Asset Transfers Visualization and Stealth ownership.
DUSK Network is a blockchain project, and it was constructed in the long-run in mind. Rather than being desired as the focus, it tries to be brought up as the issues of privacy and trust. The trade in the blockchain society that still exists is quite open. The risks associated with transparency are that it exposes the users to risk. DUSK follows another path and gives significant consideration to privacy as one of the main points in its design.
Privacy-oriented DeFi is one of the largest applications of DeFi. The traditional DeFi reveals the ratio of the users and the background of their transactions, which may result in security and individual vulnerability. DUSK will enable the user to receive decentralized financial services and keep sensitive information about an insecure place. This renders DeFi to be more acceptable and safe.
The second application is the assets in confidence transfers. Assets transfer to be confirmed will be high and personal details will not be exposed. DUSK also grants true and transparent changes of ownership, and also maintains secret sensitive information. The balance enables the network to be implemented to the financial and institutional environment.
Strategic Collaborations
DUSK Network has made alliances in order to create greater technological engagement and market. These alliances bring a strong starting point on the creation of the ecosystem of DUSK.
The formation of DUSK has a lot of influence caused by alliances. They assume the role of bolstering the technology, applying it to more real life scenarios and gaining of trust. The right collaborations can transform a blockchain into a feasible ecosystem and DUSK seems to be aware of this fact.
Scandals and Dilemmas.
The issues that DUSK Network has are as follows:
Technical Handicap: vs. Performance Performance vs. personality and scalability.
Regulatory Risk: Hacking the multi-dimensional privacy-alpha crypto.
Competitive Pressure: Being a recognizable personality in an environment of blockchain projects, whose value is privacy.
These obstacles are the indicators of ambition and should not be considered its drawbacks. It is the struggle of privacy versus speed and the competition is high and still the laws regarding the privacy are being developed. This is also putting pressure and promoting innovation and improvement.
My view is that DUSK Network is setting up something massive at a slowing pace. It is not providing liberty as an option, but as an endeavor as it is emphasizing on privacy, it is where privacy will not be a luxury, but it will be needed.
