Dusk Network is a Layer-1 public, privacy-focused blockchain designed for compliant, institutional-grade finance, enabling confidential trading of real-world assets (RWAs) using zero-knowledge technology. The DUSK coin is the native token used for staking, transaction fees, and securing the network. The Dusk Foundation oversees development.
Key Details About Dusk Network
Functionality: It provides a platform for regulated markets, supporting smart contracts that allow for confidential transactions while remaining compliant with EU regulations like MiFID II and MiCA.
Technology: Uses a unique, privacy-preserving consensus mechanism called "Proof-of-Blind Bid".
Use Cases: Primarily targets the tokenization of securities,, enabling institutions to trade digital assets with high security and privacy.
The Foundation: The Dusk Foundation is responsible for the development and coordination of the Dusk ecosystem, founded by Emanuele Francioni, Fulvio Venturelli, Jelle Pol, and others.
Purpose: It aims to bridge traditional finance with decentralized finance (DeFi) by offering a "compliance-first" approach, allowing for on-chain finance that is both private and transparent to regulators.