harshitkumar45

@Dusk

Dusk Network, established as a privacy-focused project producing financial applications to organize corporate operations and facilitate the development of new business models, operates on the Ethereum and Binance Smart Chain blockchains.
Founded in 2018 by Emanuele Francioni and headquartered in Amsterdam, the Netherlands, Dusk Network defines itself as a blockchain for programmable and confidential securities, powered by zero-knowledge proofs and a novel privacy-preserving PoS leader election consensus protocol.
Dusk Network integrates Zero-Knowledge Proofs (ZKP) technology to maintain transaction privacy. ZKP enables one party to prove to another the validity of a piece of information (e.g., a transaction's validity) without revealing any details about that information. This technology allows users to prove the authenticity of their transactions while keeping transaction details confidential, thus achieving an ideal balance between privacy and security.

Our continuous pursuit of progress has brought change and improved efficiency to the foundation of Dusk Network.
In October of 2020, we released our initial Economic Model Paper; a comprehensive document detailing the token economics of the Dusk Network infrastructure, as envisioned for testnet and mainnet.
Since then, our Research & Development department has made significant strides in improving the efficiency and capabilities of the protocol. One of the public changes has been the merging of our Block Generator and Provisioner roles, streamlining the staking process. But that’s not all. Such advancements are already benefiting our stakers, and will benefit the network’s users as well The new consensus algorithm selects the Block Generator from the pool of Provisioners and will allow for a lower minimum staking threshold of 1,000 DUSK to operate a node.
We can now present you with the up-to-date iteration of the Insights & Highlights document, aimed at providing context and clarity to the protocol’s internal economics.
We’re incredibly proud of the many refinements we’ve made since our initial paper, ensuring that the infrastructure launched at mainnet is indeed an optimized version of the protocol. These changes will also be apparent in our testnet, where the community will be the first to experience (and provide feedback on) the network.
Block Rewards
The reward for consensus participants comprises all transaction fees in the block that the consensus participants validated, together with the additional incentive of a specific block reward of newly minted DUSK tokens, the amount of which is regulated by the Token Emission Schedule.
The Provisioner that is selected as Block Generator for a given round receives the entirety of the block rewards, save for a part that is reserved for the Community Development Fund.
Provisioners in committees do not directly share in the block rewards but need to be active to have a chance of being selected as Block Generator. The probability for their selection is proportional to their stake
Token Emission Schedule
Where Bitcoin uses ‘halvings’ to cut the token emission rate in half at predetermined intervals, Dusk Network utilizes more frequent intervals with smaller reductions to ease the transition at those times.
Provisioners collaborate together in Provisioner Committees to finalize a block. In each round, there are three committees with 64 Provisioners chosen for each per block, and we need 67% of them to vote to reach consensus.
Our previous consensus mechanism incorporated two separate staking roles: Block Generators & Provisioners. By merging the two roles in the Succinct Attestation consensus mechanism, we’ve shielded network participants from excessive transaction fees and streamlined the process to the benefit of all parties.
Provisioner stakes on mainnet will be transparent, allowing for more precise estimates of Return on Investment

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$DUSK