Most people talk about privacy in blockchains as if it’s an on or off switch. In practice, real systems need choice.
Dusk approaches this through two transaction models at the core layer. Moonlight is transparent and account-based, making balances and flows visible when openness is required. Phoenix uses a shielded, note-based design powered by zero-knowledge proofs, keeping amounts and participants private unless disclosure is needed.
This lets applications decide, transaction by transaction, whether visibility or privacy matters more. That flexibility is rare, and it’s what makes Dusk practical for real financial use.