In the world of cryptocurrency things can get really crazy. There are many loud voices telling us what to do. We often pay attention to the cryptocurrency tokens that everyone is talking about on Twitter. We like the projects that say we can make a lot of money quickly.. We enjoy the funny cryptocurrency memes.. While all of this is going on something big is happening behind the scenes with cryptocurrency. It is not flashy or trying to get our attention.. This change, in cryptocurrency might be the most important thing that has happened in the history of decentralized finance with cryptocurrency.
That revolution is Dusk.
To understand why Dusk is really important we have to face a fact about blockchain technology: everything being completely open and transparent is actually very bad for large companies, like Dusk. Dusk is a deal because big businesses do not like it when everyone can see what they are doing. This is why Dusk matters much.
The Transparency Trap
We really like the idea of a ledger. It is great that we can track a hackers wallet or see where the funds are moving.
It is not easy to explain this to a bank or a hedge fund or a government.
The idea of a ledger is something we love because we can see everything clearly.
Let us say you are a bank and you want to buy fifty million dollars worth of something. If you try to do this on a public blockchain like Ethereum or Solana everyone can see what you are doing with your money. The moment you start buying this thing, smart computers and other people who are also trying to make money will notice what you are doing. These people will then try to buy the thing before you can which makes the price go up before you can even finish buying it. This is called running a trade. It is a problem when you are trying to buy a lot of something on a public blockchain, like Ethereum or Solana.
In the style financial world a completely transparent blockchain is like playing poker with your cards facing up on the table. This is a bad idea. No serious player will ever want to join a game, like that because they will not be able to keep their plans secret. The traditional financial world and the transparent blockchain just do not go together.
The thing with Web3 is that it has a problem. This problem is called the "transparency trap". It is stopping a lot of money we are talking about trillions of dollars from getting involved with Web3. These institutions like how fast blockchain's but they also want to keep their things private like a bank vault keeps things private. They want the speed of blockchain. They need the privacy of a bank vault, for their Web3 dealings.
Enter Dusk: The "Dark Mode" for Money
Dusk is solving this paradox by building what I like to call the "Dark Mode" for finance. This "Dark Mode" for finance is really what Dusk is about. Dusk is trying to make things easier by creating this "Dark Mode" for finance that people can use. The "Dark Mode”, for finance that Dusk is building is going to be very helpful.
Dusk is different, from privacy coins that were made to hide bad things people do. Dusk is made for transactions that follow the rules. It uses a kind of cryptography called Zero-Knowledge Proofs to do something that seems really hard: Dusk lets you show that you are doing things the right way without actually showing what you are doing. Dusk uses Zero-Knowledge Proofs to make this work.
With Dusk an institution can prove that they have Dusk and that Dusk is something the institution has. The institution is showing that they have Dusk.
The institution has Dusk
This is how the institution proves they have Dusk
The institution is using Dusk to prove that Dusk is part of the institution. Dusk is important, to the institution. The institution wants to show that they have Dusk.
I have money to make this trade so I am good to go with the money I have, for this trade.
I am a company that has been checked and approved I have done all the necessary checks to make sure I am following the rules, about money and identity which is often called Know Your Customer and Anti Money Laundering so you can trust that I am a verified legal entity.
I have this asset. It belongs to me. The asset is mine.
This way people can do things without telling everyone who they're how much money they have or what they are doing with their money. It is a compromise. This gives the people in charge what they need to make sure everything is okay. It also gives companies the ability to keep their business private which is necessary for them to stay in business. The companies get to keep their trade secrets. That is important for them to survive.
Beyond the Hype: Real World Assets
We talk a lot about Real World Assets in this cycle. This is, about bringing things like stocks and bonds and real estate onto the blockchain.. You cannot just put a regulated stock on a blockchain that is not regulated. This is not. It is a big problem. Real World Assets are what we are talking about. We need to figure this out.
Dusk is one of the few layer-1 blockchains that is made to deal with things. The people at Dusk are not just writing code they are also getting licenses. The Dusk roadmap has plans to work directly with stock exchanges like the partnership Dusk has with NPEX, in the Netherlands. This will make it easy for traditional securities to become part of the crypto world. Dusk is making a pipeline for this to happen. Traditional securities can then flow easily into the Dusk crypto world.
This is what sets apart a project that wants to change the law and a project that wants to make the law work online. Dusk is making the rules that will let the stock market operate all day and all night with settlements happening away and it will do this without going against the law. The stock market will be able to run 24 hours a day 7 days a week thanks to Dusk. This is because Dusk is building the rails, for the stock market. The stock market will have settlement, which is a big deal and Dusk is making this happen.
Conclusion:
People are always thinking about what's going to happen right now.. Dusk is thinking about what is going to happen later on. They believe that one day everyone will need Dusk to keep their information private, not people who do not want the government to know what they are doing. Dusk thinks that privacy is going to be very important, for the world and that is what they are working towards.
Other projects are trying to get a piece of the money that regular people invest.. Dusk is doing something different. Dusk is building a system that will help big investors put their money in. This is a plan and it is what needs to happen. Some people call this the "Dark Mode" of money. When the old way of doing things stops working Dusk will be the one that is still going strong. Dusk will be like a light, in the dark when that happens.
