The biggest misconception in the RWA (Real World Assets) track is that everyone is focused on the action of "asset on-chain" while ignoring the adaptability of the on-chain container. Although the general ERC-20 standard has good liquidity, it fundamentally cannot meet the complex full lifecycle management needs of securities-type assets. In this dimension, the XSC (Confidential Security Contract) standard proposed by @Dusk is actually trying to define the underlying paradigm of compliant digital assets in the future.

When I was pondering the technical logic of XSC, I found that its core breakthrough lies in the fact that compliance rules are directly "hard-coded" into the token standard, rather than being hung on the outer DApp logic. This means that regardless of how assets circulate in the secondary market, compliance checks based on zero-knowledge proofs will automatically execute at the underlying level. For institutions, this kind of certainty of "protocol is compliance" is much more critical than simply having low Gas fees. #Dusk's approach to privacy is very pragmatic; it is not aimed at pursuing geek-style absolute anonymity, but rather at constructing "audit-level privacy" to meet regulatory requirements such as the Markets in Financial Instruments Directive (MiFID II).

Additionally, Dusk's consensus mechanism, Succinct Attestation, is clearly a specific optimization designed to accommodate the high computational demands of privacy transactions. If Layer 1 cannot maintain instant settlement while handling heavy ZK verification, then institutional-level applications would be mere talk. The future competition among financial public chains will not simply be a linear comparison of throughput (TPS), but rather about who can perfectly replicate the privacy levels and compliance granularity that traditional finance must possess on this decentralized ledger. #dusk $DUSK