DUSK is of utmost importance in the functionality of Dusk Network, as it is a privacy-based blockchain tailored for compliant finance solutions.As the utility token within its ecosystem,$DUSK facilitates payment of transaction fees and smart contract executions within its network.On top of that, it is also instrumental in its consensus algorithm since validators are required to stake $DUSK in order to secure its network.
In addition to reaching a consensus, the DUSK system provides governance functionality to the ecosystem.Additionally, users of the DUSK system can make decisions concerning the protocol itself.This is particularly effective in ensuring the interests of users and developers are aligned with those of validators.Additionally, the DUSK system is also essential in the privacy-focused finance primitives of the network.
On the whole, “DUSK is the economic backbone of the Dusk Network.” It balances “security, usability and governance to support privacy-centric, regulation-friendly decentralized finance.”
