What is the biggest pain point in Web3 financial applications? On one hand, you need to protect transaction privacy; on the other hand, you must meet regulatory scrutiny—this requirement seems contradictory, but Dusk Network attempts to provide a new answer.
This Dutch blockchain project was established in 2018, with the core ideas summarized in three words: compliance, control, and collaboration. It sounds a bit stiff, but when implemented technically, it’s quite interesting.
**Can privacy and auditing be achieved simultaneously?**
Yes, through the PlonKup zero-knowledge proof system. Simply put, the data of both parties in a transaction is a black box to others, but regulatory agencies with authorization can audit the entire transaction process—privacy and traceability are no longer at odds.
The consensus mechanism is also interesting. Dusk uses a hybrid scheme combining PoS and Byzantine protocols, notably supporting "Private PoS"—nodes can anonymously stake tokens to participate in consensus. This ensures true decentralization of the network while preventing power imbalance caused by large stakeholders concentrating staking.
**What about after the mainnet launches in Q2 2024?**
Network performance has significantly improved, capable of handling high-throughput transactions, which is fundamental for enterprise-level applications.
**Where are the real application scenarios?**
Dusk mainly targets the RWA (Real-World Asset) field—digitalization of real assets like equity and bonds. By embedding regulatory rules into smart contracts, enterprises can directly issue and trade these assets on-chain, greatly reducing intermediary costs and actually increasing efficiency. This is not just hype; it’s a genuine transformation of financial infrastructure.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
5
Repost
Share
Comment
0/400
GasFeeNightmare
· 01-17 15:56
Hmm... Privacy + compliance handled simultaneously? Sounds good, but it still depends on how it actually gets implemented.
View OriginalReply0
MEVSandwichMaker
· 01-17 15:53
Privacy + compliance is a familiar phrase, but Dusk's zero-knowledge proofs do have some substance. However, can RWA really take off? I am optimistic but not fully convinced.
View OriginalReply0
BearHugger
· 01-17 15:49
Zero-knowledge proofs sound complicated, but basically it's "I prove I have money but don't tell you how much," and regulators can still verify—this approach is indeed impressive.
View OriginalReply0
DegenWhisperer
· 01-17 15:43
Zero-knowledge proofs sound intimidating, but basically it means I know that you know that I know, and regulators also know — everyone gets what they want, smart.
View OriginalReply0
DeadTrades_Walking
· 01-17 15:42
Sounds ideal, but can RWA really be implemented? It still depends on who will use it.
What is the biggest pain point in Web3 financial applications? On one hand, you need to protect transaction privacy; on the other hand, you must meet regulatory scrutiny—this requirement seems contradictory, but Dusk Network attempts to provide a new answer.
This Dutch blockchain project was established in 2018, with the core ideas summarized in three words: compliance, control, and collaboration. It sounds a bit stiff, but when implemented technically, it’s quite interesting.
**Can privacy and auditing be achieved simultaneously?**
Yes, through the PlonKup zero-knowledge proof system. Simply put, the data of both parties in a transaction is a black box to others, but regulatory agencies with authorization can audit the entire transaction process—privacy and traceability are no longer at odds.
The consensus mechanism is also interesting. Dusk uses a hybrid scheme combining PoS and Byzantine protocols, notably supporting "Private PoS"—nodes can anonymously stake tokens to participate in consensus. This ensures true decentralization of the network while preventing power imbalance caused by large stakeholders concentrating staking.
**What about after the mainnet launches in Q2 2024?**
Network performance has significantly improved, capable of handling high-throughput transactions, which is fundamental for enterprise-level applications.
**Where are the real application scenarios?**
Dusk mainly targets the RWA (Real-World Asset) field—digitalization of real assets like equity and bonds. By embedding regulatory rules into smart contracts, enterprises can directly issue and trade these assets on-chain, greatly reducing intermediary costs and actually increasing efficiency. This is not just hype; it’s a genuine transformation of financial infrastructure.