The Dusk Foundation is the organization responsible for developing and maintaining the Dusk Network, a Layer-1 blockchain designed for privacy-preserving and compliant financial applications. Unlike many blockchains that focus only on transparency, Dusk aims to balance user privacy with regulatory requirements, making it suitable for real-world financial use cases.
The Dusk Network uses advanced cryptographic techniques such as zero-knowledge proofs to allow transactions and data to remain confidential while still being verifiable when required. This approach is especially important for institutions dealing with sensitive financial information, such as banks and asset issuers.
The native cryptocurrency of the network is $DUSK, which is listed on major exchanges like Binance. The $DUSK token is used for transaction fees, staking, validator rewards, governance, and deploying smart contracts. In simple terms, $DUSK powers the entire ecosystem and incentivizes participants to keep the network secure and decentralized.
