Dusk Network is a blockchain protocol founded by Jelke de Boer and Emanuel Francioni in 2018. It was designed to fundamentally transform the financial services industry by offering privacy preserving native smart contracts and built-in compliance. The core function of Dusk Network as a privacy-focused blockchain is to facilitate the tokenization of securities while adhering to regulatory standards. This strong emphasis on confidentiality positions Dusk Network as a key platform for financial applications, particularly within the decentralized finance (DeFi) sector.
The network leverages advanced technologies to deliver a wide range of financial services, unlocking the vast potential and versatility of distributed ledger technologies (DLT). Dusk Network is a protocol aimed at deploying programmable, zero-knowledge DApps, laying the foundation for a global, decentralized, and privacy-oriented ecosystem of decentralized applications. The project’s primary goal is to automate compliance for security token offerings (STOs) while preserving user privacy an offering that is unique within the blockchain space.
Tokenomics:
Built for regulated and decentralized finance, Dusk aims to evolve the financial landscape by making it possible for regulated assets to be brought on-chain.
Dusk's three core pillars are; privacy and compliance to bring institutional-level assets to anyone's wallet.
Using cryptographically secure Zero-Knowledge Proofs (ZKPs) to maintain privacy, the research team at Dusk have been leading the way in the developments of ZKPs, having had papers published on their work. A custom-built ZKP virtual machine, Piecrust, is the first of its kind and breaking new ground in the spaces of blockchain and privacy.
Featuring a suite of products, including Citadel, a ZKP licensing product which is well-suited to KYC/AML procedures as well as subscription-based models, Dusk is building the infrastructure for the economy of the future.
Benefits for businesses and institutions include automated and programmable compliance, instant settlement finality, and access to unified liquidity. Through the use of private smart contracts, Dusk is even able to provide levels of privacy above what banks and institutions are used to.
For users, Dusk offers the possibility to break out of the crypto sandbox, and make it possible to trade real-world, regulated assets with the same level of ease and autonomy as they can trade digital assets.
The Dusk network is Proof-of-Stake (PoS) and powered and secured by the DUSK token. The blockchain is public and open for anyone to use and participate in the consensus mechanism. Validators can run nodes by staking DUSK to secure the network, and transactions are paid using DUSK.
Through the use of a transactional model called Phoenix, Dusk focuses on bringing privacy and anonymity to both transactions and smart contracts. Additionally, tokens deployed on Dusk can build on top of Zedger, a hybrid privacy-preserving model specifically modeled for security tokens.
The 'Segregated Byzantine Agreement' (SBA) consensus mechanism secures the network. According to the SBA is an improvement over the underlying PoS mechanism as it combines existing ideas such as cryptographic sorting (lottery), stealth time-locked transactions (private stake amounts) and a reputation module to increase the chances of selecting honest nodes and further promote decentralization.
What are the development prospects and future value of DUSK?
The market value of DUSK is currently $52.87M, and the market rating of the coin is #379. The cost of DUSK is not generally recognized in the market. With a bull market, the market value of DUSK can have great growth potential.
As a new type of currency with innovative technology and unique use cases, DUSK has significant market potential and ample opportunities for development. The distinctive features and attractiveness of DUSK may interest certain user groups, which will increase its market value.
What will be the price of DUSK in 2027?
Based on the DUSK historical forecasting model, the DUSK price may reach $0.1472 in 2027.
What will be the price of DUSK in 2032?
It is expected that in 2032 the price of DUSK will change by +44.00%. According to forecasts, by the end of 2032 the price of DUSK will reach $0.3602, and the total ROI will be +216.47%.
