The @Dusk Network does things differently. It does not try to do everything at like other Blockchain networks. The DUSK Network is built for one thing. That thing is to enable DUSK Network privacy preserving applications. These DUSK Network financial applications need to be able to work under oversight. This is what the DUSK Network is focused on. This focus is what guides every choice and every strategic choice, in the DUSK Network ecosystem.
The DUSK Network is built around something called zero knowledge proofs. These are tools that help people show something is true, without giving away the details. This is really important when it comes to money. With DUSK Network people can keep the amounts they are sending and receiving, well as who they are and how much money they have, completely private. At the time the DUSK Network can still make sure everyone follows the rules and that nobody tries to spend the same money twice. The DUSK Network uses zero knowledge proofs to do this.
The network works by using something called proof of stake. This is how the network comes to an agreement. The people in charge called validators. Check blocks. To be a part of this you need to put up some $DUSK . This means that people who help keep the network safe will be rewarded.
This way of doing things is good, for the planet because it does not use a lot of energy. It also means the network can keep working for a time. The network can also. Get bigger without needing a lot of powerful computers.
DUSK Network has something that sets it apart. That is the fact that it supports confidential smart contracts. The DUSK Network confidential smart contracts can do things without showing what is going in or what is coming out to the public. This is really important for things like bonds or equity tokens, on the DUSK Network. A lot of these things need to be kept secret because of the law. Because that is just how business is done with the DUSK Network confidential smart contracts.
The ecosystem is basically controlled by the rules that @duskfoundation came up with.
They are focused on creating a foundation instead of following what is popular right now.
The tools and standards they make are meant to solve problems that people face every day.
This includes things like keeping track of what people do and making sure only the right people have access to information like audit trails and permissioned disclosures, which are really important, for the ecosystem.
From the point of view of a developer the DUSK Network is really useful. When you build applications on the DUSK Network you can make them private from the start. This means developers do not have to add things to their applications later on. The DUSK Network makes things simpler and safer which is especially important, for products that have to follow a lot of rules.
As the blockchain space matures specialization may become more common. DUSK Network represents a specialized approach focused on financial privacy. Do you believe specialization is necessary for blockchains to achieve mainstream adoption #Dusk
