龙智 Long Zhi

Quando me sento para explicar o que o Dusk visa ser, imagino uma longa mesa em uma sala quente onde desenvolvedores, advogados, banqueiros e pessoas comuns se inclinam para conversar sobre dinheiro que respeita a privacidade sem sacrificar a confiança. O Dusk começou como uma ideia para reconciliar duas coisas que muitas vezes parecem em conflito: a necessidade de os sistemas financeiros serem auditáveis e conformes, e o direito igualmente importante de indivíduos e instituições manterem seus detalhes de transação em sigilo. Este roadmap não é uma lista estéril de marcos técnicos; é uma narrativa clara sobre como o protocolo cresce, os problemas que resolve a cada etapa e como o mundo pode se parecer à medida que a arquitetura modular do Dusk se desdobra em infraestrutura de nível institucional.

Existem projetos que parecem projetados como relógios, precisos, compartmentalizados, ticando sem parar, e depois existem projetos que parecem que alguém rearranjou silenciosamente os móveis da internet e convidou um grupo de estranhos para fazerem uma casa. Walrus pertence decididamente ao segundo grupo. Quando penso no protocolo Walrus e em seu token nativo, WAL, o que permanece não é um folheto técnico seco, mas a sensação de uma insistência prática e obstinada: e se pudéssemos armazenar arquivos grandes de uma forma que fosse barata, rápida, privada e, de fato, agradável de desenvolver? E se o armazenamento pudesse ser programável da mesma forma que o dinheiro é programável? Essas perguntas moldam o roadmap e a estrutura que tentarei desvendar para você aqui, contada na voz de alguém que viu o quebra-cabeça dos dois lados: desenvolvedor e usuário, idealista e pragmático.

Ainda me lembro da primeira manhã em que esbocei o Walrus em um guardanapo — não porque parecia bonito, mas porque a ideia tinha um calor e uma teimosia, como uma promessa que fazemos a nós mesmos e depois temos que cumprir. O Walrus (WAL) começou como uma resposta simples e teimosa a um problema muito prático: como dar às pessoas e instituições uma maneira de armazenar dados grandes e importantes sem confiar em nenhum provedor de nuvem único, ao mesmo tempo em que preservamos privacidade e controle? A partir desse guardanapo, o protocolo cresceu até se tornar uma entidade viva na Sui, usando codificação de eliminação e armazenamento de blobs para espalhar pedaços de arquivos por uma rede descentralizada. O roadmap que quero compartilhar aqui foi escrito como se você e eu estivéssemos sentados um frente ao outro, com chá nas mãos, traçando o caminho adiante — fase a fase, humano a humano, com a humildade de uma equipe que sabe que o trabalho nunca está terminado.

When I think about Dusk, I don’t start with tokens and code; I start with a person who wants to move money or ownership from one place to another without shouting their business from the rooftops. I imagine a lawyer, a fund manager, an asset custodian, a small business selling tokenized invoices, or a grandmother whose property title finally becomes verifiable and tradable in a way that obeys the regulators and respects her privacy. That image — people who need both rules and discretion — is the heart and soul of what Dusk set out to build back in its early days and what continues to shape its roadmap: an L1 that stitches together institutional-grade controls with the human comfort of privacy and predictable governance. The team’s stated mission — to unlock economic inclusion by bringing institution-level assets to anyone’s wallet — reads like a pledge to those people: to make complex financial plumbing accessible, auditable, and quietly private. �
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I’ll tell this as a story, the way someone would write a long letter explaining where the project has been, what it is doing now, and everything it hopes to deliver next. I promise to keep the technical detail richly human: not a manual, not a press release, but an account that a curious colleague could read on a long train ride and leave fully equipped to care about the technology and to act on it.
The beginning was patient, slow, and deliberate. The early whitepaper laid out a unique view: consensus that trusted staking but also a runtime and transaction model designed around privacy and compliance. It proposed a layered protocol approach that could accept confidential inputs from users, validate transactions, and still produce an auditable ledger for those who legitimately required it. The authors framed privacy not as secrecy for secrecy’s sake, but as an enabling mechanism — privacy that doesn’t mean opacity to regulators who need to audit appropriately, and compliance that doesn’t mean exposing everyone's account balances to the public. That balance, so difficult in real life, became the north star. �
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From that whitepaper grew a plan: architecture in modular pieces so that upgrades could be surgical, features could be swapped in, and third parties could integrate without breaking everything. Picture a set of interlocking boxes. One box holds the consensus and staking mechanics. Another holds the privacy engine — the cryptographic machinery that lets you craft confidential transactions and confidential smart contracts. A third manages identity and compliance rails — the on-chain/off-chain bridges where a licensed entity might attest to the KYC/AML status of a participant without revealing the participant’s balances to the world. Finally, a user-facing stack: wallets, SDKs, tooling, dev docs and, critically, a predictable migration path for the DUSK token so that liquidity and community could transition from ERC-20/BEP-20 representations to native on-chain DUSK smoothly. The documentation and tokenomics pages make it clear: DUSK is both a utility for consensus and a bridge to the real economy, and the teams put careful thought into allocation, emission, and migration. �
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Roadmaps can be boastful or boring. Dusk aimed for clarity. The “path to mainnet” published by the team reads more like a schedule of careful experiments than a list of grandiose claims. Each milestone was built from tests and audits and live experiments: testnets, privacy primitives hardened with cryptographers, toolkits for confidential smart contracts, and integrations with regulated exchanges that could issue and list tokenized securities. The public narrative — testnets then mainnet, an updated whitepaper, audits, partnerships and then commercial integrations — reflected a philosophy: deploy the platform only when it met institutional reliability, not because a date on a calendar told you to. That conservative approach showed up in announcements and technical updates as the network matured. �
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When the first clusters prepared for production, the team focused on three simultaneous concerns: privacy guarantees, compliance tooling, and developer ergonomics. Privacy guarantees meant building cryptographic primitives that could power confidential transfers and confidential smart contracts. Compliance tooling meant designing attestation flows and permissioned data access controls that respected regulatory needs. Developer ergonomics meant making it straightforward for engineers to build tokenized real-world assets and financial dApps without needing a PhD in zero-knowledge proof construction. These three concerns are not independent; they tug at one another. Improve privacy and you risk increasing verification complexity; simplify developer tooling and you might expose attack surfaces; design compliance tightly and you might lose the trust of privacy purists. The roadmap itself reads like negotiations between these tensions, deciding which experiments to prioritize and when to accept trade-offs.
Concrete steps on the engineering timeline always grew from practical scenarios. One of the clearest is the tokenization of securities through regulated venues. To support that, Dusk’s roadmap included integrations with licensed exchanges and financial infrastructure providers so demo assets could be issued under the same regulatory frameworks as traditional securities. Workstreams included the on-chain enforcement of transfer restrictions (so a tokenized share only trades among approved counterparties), the off-chain attestation mechanisms (trusted identity providers confirming a buyer’s status), and settlement guarantees (atomic settlement semantics that mirror what institutional traders expect). Partnerships and pilots with regulated venues and payment processors were prioritized because a blockchain that wants to serve institutional markets must fit into those markets’ choreography. LinkedIn and other public pages show Dusk positioning itself for this exact role, emphasizing MiFID II, MiCA, and other EU-aligned frameworks as natural anchor points for their compliance-first approach. �
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Parallel to those business-facing priorities was a steady pipeline of technical upgrades. The team’s updated whitepaper, released toward the end of 2024, is not merely cosmetic; it reflects learned lessons. The repository of code, the testnet telemetry, the audit notes — all fed back into the architecture and created a new, clarified specification. Rather than trying to be everything at once, the updated strategy mapped out a phased rollout: privacy-preserving primitives first, then a secure execution environment for confidential smart contracts, followed by bridges, EVM compatibility layers, and richer tooling for compliance and identity. Each phase built on the last so that developers could bet on primitives without fearing sudden architectural changes. The phrase “Mainnet is just the beginning” was used intentionally: the network would be fully functional, but the real value arrived as applications, regulated integrators, and tooling matured. �
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Now, for the human side of a roadmap: what does success look like to everyday people and institutions? It is not merely a higher market cap or a longer chain of blocks. Success, in Dusk terms, is several simple things bundled together. First, predictable settlement: when a trade happens on a tokenized exchange, the buyer and seller should feel the same temporal and legal certainty as a trade on a traditional settlement system. Second, privacy with accountability: users can transact without exposing their entire balance history while regulators or auditors — with proper authority — can reconstruct or verify transactions when required. Third, seamless onboarding: a lawyer, a custodian, a fund manager, or an issuer should be able to use existing legal workflows and plug them into the chain with minimal translation. Fourth, developer delight: engineers should find smart contract primitives intuitive and debuggable, not arcane. The roadmap’s milestones are an attempt to make those outcomes inevitable rather than hopeful. �
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Let’s walk through the roadmap in a narrative timeline, but not as dry tasks — as a sequence of human-focused chapters. The first chapter is research and secure primitives. Cryptography is hard, and the team took time to collaborate with academic cryptographers and to run experiments. The point was to ensure that confidential transactions could be produced and verified without exploding costs or centralizing verification. That work also had to make sure that third parties — auditors and regulated gatekeepers — could perform limited disclosures in a way that preserves user privacy elsewhere. The whitepaper and early testnet notes document which primitives were chosen and why: their trade-offs between proof sizes, verification times, and trust assumptions. For practitioners, those choices were the foundation for everything that followed. �
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The second chapter was building a secure, performant consensus and state machine that could host confidential smart contracts. This meant engineering a PoS-based protocol that could scale modestly at first but with a clear path to higher throughput. The consensus had to interoperate with privacy layers and must be observable enough for economic participants to trust the finality of transactions. The roadmap prioritized careful, incremental improvements here — auditing, running multiple test clusters, and simulating adversarial behavior. That conservative cadence may not sound exciting, but it is exactly the sort of discipline institutions ask for when they consider putting real-world assets on a chain. Announcements around the mainnet rollout reflect that the team preferred gradual, auditable progress rather than a single dramatic reveal. �
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The third chapter is developer and user tooling, the part that reads like a love letter to builders. You can have elegant cryptographic machinery, but if writing a contract requires you to assemble proofs by hand, nobody builds anything real. So the roadmap invested in making confidential smart contracts programmable through higher-level constructs and SDKs. That work included language bindings, developer documentation, test harnesses, and sandboxed environments where contracts could be inspected safely. This is also where the migration story for the DUSK token becomes important: developers need to know how native DUSK works for fees, staking, and governance, and they need tooling to migrate liquidity from earlier token representations to the native chain in a secure, auditable way. The tokenomics documents and migration guides were created with that exact migration clarity in mind. �
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The fourth chapter involves real-world pilots: exchanges, custodians, and regulated issuers coming together to test tokenized assets. Dusk’s roadmap intentionally structured pilots with a legal-first mindset. Think of a pilot where a Dutch regulated exchange tokenizes a small batch of securities and the chain performs end-to-end lifecycle events: issuance, transfer restriction enforcement, secondary trading, settlement, corporate actions. Each pilot is more than a demo; it’s a legal experiment that tests whether on-chain enforcement can match off-chain compliance obligations. These pilots are where lawyers, compliance officers, and technologists meet, and the roadmap schedules them not as afterthoughts but as first-class milestones. Public information suggests Dusk has pursued such partnerships to anchor the network in real markets. �
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The fifth chapter is interoperability and bridges. No serious institutional chain exists in a vacuum. Wealth lives across custodians, chains, and fiat rails. The roadmap plans for secure bridges that allow assets to move between Dusk and other networks while preserving the chain’s privacy and compliance guarantees. Bridges are hard and dangerous if done poorly; they become points of centralization or attack. So the workstreams for bridges emphasized secure design patterns: verifiable attestation, careful economic design for lock-and-mint flows, and oracle-assisted settlement validation. The team’s public roadmap and community discussions show a cautious but pragmatic approach to cross-chain compatibility: bridges that respect Dusk’s privacy model rather than breaking it. �
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The sixth chapter is regulatory and governance scaffolding. On-chain governance cannot replace legal governance for institutions; it must complement it. The roadmap therefore includes governance mechanisms that enable community-driven upgrades while aligning with off-chain governance practices. Imagine a multi-stakeholder governance committee that includes validators, ecosystem partners, and representatives from strategic regulated counterparts. On-chain proposals can be used for technical parameters and economic models, while formal governance agreements and legal frameworks handle higher-order policy decisions. The goal is to create a system where on-chain decisions are meaningful but not legally reckless. That’s the difference between “community-only” governance and governance that anchors the chain to real-world obligations. �
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Then there’s the human-centered design of wallets and identity. The roadmap acknowledges that users interacting with regulated assets need straightforward, legal-friendly onboarding: clear attestations when their identity is shared with a custodian, consent flows for limited disclosures, and easy-to-understand receipts for transactions that may have legal consequences. Wallet UX becomes a regulatory instrument: if a wallet hides a mandatory regulatory disclosure or misstates the nature of an on-chain entitlement, the liability may be significant. So the plan includes audited wallet experiences, hardware wallet support, and integration with institutional custody providers that can hold keys under qualified custody frameworks.
Security is its own long chapter. Here the roadmap reads like a novel of mitigations: formal verification for critical contract code, bounty programs and red teams for the entire stack, regular third-party audits, and a culture of responsible disclosure. Security is also economic: staking incentives, slashing conditions, and well-designed reward schedules all decrease misbehavior incentives. Tokenomics pages detail emission schedules and other mechanisms to avoid runaway inflation and to align long-term network security with token holders’ incentives. Those technical-economic choices are visible in the documentation and are crucial because they determine how comfortable institutions feel when they underwrite the chain’s liquidity or custody. �
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A roadmap without time markers is a wish list. Dusk’s public materials have mapped concrete timeframes for mainnet steps and for the release of important features. The mainnet rollout was a major milestone that transitioned the project from research and testnet to production-focused activity. Announcements around late 2024 and early 2025 documented the careful orchestration of onramps, genesis deposits, and the first immutable blocks. Those operational milestones do two things: they anchor community expectations, and they provide a predictable substrate on which pilots, integrations, and commercial rollouts can be planned. The team’s language — that mainnet is the start of a larger journey — is a promise that the phases that follow are about industry adoption and robustness, not just block production. �
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What does a year or two after mainnet look like, in practice? The roadmap becomes an execution plan with parallel tracks. One track is feature rollouts: EVM compatibility layers for developers who prefer familiar toolchains, richer privacy contracts, more efficient proof systems, and a suite of oracles and data availability services. Another track focuses on commercial integrations: more regulated markets listing tokenized assets, fiat onramps that work seamlessly with compliance rails, custodians offering qualified custody for on-chain assets, and brokers executing on-chain settlement workflows. A third track supports ecosystem growth: grants for builders, hackathons for custody and compliance tooling, developer documentation sprints, and partnerships with universities and research labs to keep the cryptographic primitives cutting-edge.
Beyond those pragmatic tracks, a roadmap must also account for the strangest of things: regulatory surprises, macroeconomic volatility, and software bugs that appear at the least convenient moment. The plan includes contingency thinking: emergency governance pathways, a security incident response playbook, and fallback mechanisms for critical services like bridges and oracle providers. These are boring things to write about but the most exciting to have in place when trouble arrives.
Now let me be candid about token migration and incentives because this is a place where words matter and the map must be precise. When a token migrates from an ERC-20 representation to a native chain token, you need a clear, secure, and well-communicated burner-and-mint process, custodial safety for large holders during migration, and incentives for liquidity providers to remain in the ecosystem. The documentation walks developers and token holders through this: how early stakers are on-ramped, how liquidity is preserved, and how the system adjusts emission schedules to reward early participation without causing long-term inflation. These considerations are not afterthoughts — they determine whether the chain will have operational liquidity to settle real trades. �
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Thinking beyond immediate adoption, the roadmap includes cultural investments. Teams that build real-world infrastructure must invest in trust: transparency reports, clear legal documents, community calls, developer support channels, learning materials for compliance teams, and disclosures that help auditors and custodians feel confident. Dusk’s communications strategy has echoed this: updated whitepapers, clear technical docs, and active community updates are part of the roadmap because trust is both a technical artifact and a social one. �
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Let me sketch a practical 18-month horizon from the vantage point of mainnet’s ignition. Month zero is the current day: the network is live, genesis has been produced, validators are active, and the first set of pilots begin. Months one through six are stabilization months: focus on mainnet telemetry, patching any issues, re-auditing critical modules after the transition to production, and ensuring migration flows shore up liquidity. Months six through twelve are growth months: EVM compatibility modules, richer developer tooling, and initial commercial deployments with regulated counterparts. By months twelve through eighteen you expect to see the first full-scale tokenized market-making activities, custody products labeled as qualified for institutional custody, and an increasing number of smart-contract-powered financial primitives offering regulated customers improved settlement and transparency with privacy preserved where needed. That timeline is ambitious but realistic because it prioritizes safety and utility over speculative speed. Public notes and the roadmap imagery published earlier make this staged progression explicit: mainnet then features then integrations. �
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There are inevitable trade-offs. Privacy technologies often make indexing and analytics harder, which makes on-chain risk monitoring more complicated. The roadmap responds by architecting selective disclosure: auditors and regulators who have authority can be given cryptographic proofs that reveal only necessary data. That capability is a
@Dusk #DUSK $DUSK

Walrus (WAL) is emerging as one of the most compelling infrastructure projects at the intersection of decentralized finance, privacy, and scalable data storage. As Web3 applications grow more complex and data-intensive, the need for decentralized alternatives to traditional cloud storage has never been greater. Walrus directly addresses this gap by offering a censorship-resistant, cost-efficient, and privacy-preserving storage protocol built natively on the Sui blockchain.
At the heart of the ecosystem is the $WAL token, which plays a critical role in governance, staking, and protocol incentives. Unlike purely speculative assets, $WAL is deeply integrated into the network’s functionality. Token holders can participate in decentralized governance, helping shape protocol upgrades, economic parameters, and long-term strategy. This ensures that Walrus evolves in a community-driven manner rather than being controlled by centralized entities.
One of Walrus’s most distinctive features is its advanced storage architecture. By leveraging erasure coding and decentralized blob storage, Walrus efficiently distributes large files across multiple nodes. This approach enhances data availability and fault tolerance while significantly reducing storage costs compared to full replication models. Even if some nodes go offline, the original data can still be reconstructed, making the network resilient by design.
Privacy is another foundational pillar of the Walrus protocol. Walrus supports private transactions and secure interactions that allow users and applications to manage data without exposing sensitive information. This makes it particularly attractive for enterprises, institutions, and developers building regulated or compliance-aware applications, as well as individuals seeking stronger data sovereignty in an increasingly surveilled digital environment.
Operating on Sui gives Walrus a powerful technical advantage. Sui’s high throughput, low latency, and object-centric model enable efficient handling of large data objects and complex smart contract interactions. This synergy allows Walrus to scale alongside growing demand while maintaining performance and security. Developers benefit from seamless integration with decentralized applications (dApps), opening the door to use cases such as decentralized media hosting, NFT metadata storage, DeFi analytics, on-chain gaming assets, and archival systems.
Staking within the Walrus ecosystem aligns incentives across participants. Node operators and contributors who help maintain the storage network are rewarded in $WAL , encouraging long-term participation and network reliability. This economic model reinforces decentralization while ensuring that storage services remain robust and trustworthy.
As centralized cloud providers continue to raise concerns around data ownership, censorship, and single points of failure, Walrus offers a credible decentralized alternative. By combining scalable storage infrastructure, privacy-first design, and community-led governance, Walrus positions itself as a foundational layer for the next generation of Web3 applications.
For builders, enterprises, and users seeking a secure and decentralized way to store and manage data, Walrus represents a powerful step forward. Follow @Walrus 🦭/acc to stay updated on ecosystem developments, governance proposals, and integrations, and explore how $WAL is helping shape the future of decentralized storage and private finance. #Walrus

Desde sua fundação em 2018, o Dusk seguiu um caminho diferente em relação à maioria das blockchains de Layer 1. Em vez de buscar especulação em massa pelo varejo ou apenas DeFi totalmente permissionless, o Dusk foi projetado desde o início para atender casos de uso financeiros regulamentados e voltados para a privacidade. Essa visão clara posiciona o Dusk como uma camada fundamental para instituições que desejam trazer ativos financeiros do mundo real para a cadeia, sem comprometer conformidade, confidencialidade ou clareza legal.
No cerne, o Dusk é uma blockchain de Layer 1 projetada para infraestrutura financeira de nível institucional. Por meio de uma arquitetura modular, a rede permite que desenvolvedores criem aplicações como protocolos DeFi conformes, redes privadas de pagamento e ativos digitais representativos de ativos do mundo real (RWAs). Diferentemente das blockchains públicas, onde todos os dados são totalmente transparentes, o Dusk integra privacidade por design, utilizando criptografia avançada. Isso permite que transações e lógica de contratos inteligentes permaneçam confidenciais, ao mesmo tempo que suportam auditoria seletiva quando exigida por reguladores.