I placed myself on the compliance officer’s seat of a asset management company, and many things will surface on their own. If we need to issue an on-chain fund, the investor’s identity must be verified; KYC and permissions must be tied to a specific account. The fund’s rebalancing and entry/exit timing must not be visible to peers and the market. When regulators come to ask, each transfer must have clear evidence to be provided. With these three things laid out, choosing the chain becomes clear.
For DUSK, the Zedger meets this kind of requirement: in its design, it’s almost written to the answer. It opens an on-chain account for each user; identity verification, whitelists, and permissions are all attached to that account. On the execution side, it takes a privacy route, so that amount, path, and counterpart relationships are not exposed outwardly. The account is responsible for explanations, and the privacy execution is responsible for keeping details hidden. I compared a pure account model and a pure UTXO model—both extremes were avoided. $ETH .
To be frank, this structure still hasn’t fully run end-to-end to the extent I idealized. It’s still in the Beta stage as we push it forward, and the division of work with Hedger is being adjusted as we go. The design is aimed at the requirement; the landing is just short of the last stretch. I can hold this level of balance.
My conclusion isn’t long: the ledger structure of Zedger is DUSK’s first core deliverable for financial scenarios, and it’s also the one that shows the most craftsmanship. It didn’t make privacy and compliance compete for the same lane; instead, it placed both requirements into different positions within the same accounting system. For subsequent rollout progress and the division of work with Hedger, I will continue to keep an eye on it. #dusk $DUSK @Dusk
For DUSK, the Zedger meets this kind of requirement: in its design, it’s almost written to the answer. It opens an on-chain account for each user; identity verification, whitelists, and permissions are all attached to that account. On the execution side, it takes a privacy route, so that amount, path, and counterpart relationships are not exposed outwardly. The account is responsible for explanations, and the privacy execution is responsible for keeping details hidden. I compared a pure account model and a pure UTXO model—both extremes were avoided. $ETH .
To be frank, this structure still hasn’t fully run end-to-end to the extent I idealized. It’s still in the Beta stage as we push it forward, and the division of work with Hedger is being adjusted as we go. The design is aimed at the requirement; the landing is just short of the last stretch. I can hold this level of balance.
My conclusion isn’t long: the ledger structure of Zedger is DUSK’s first core deliverable for financial scenarios, and it’s also the one that shows the most craftsmanship. It didn’t make privacy and compliance compete for the same lane; instead, it placed both requirements into different positions within the same accounting system. For subsequent rollout progress and the division of work with Hedger, I will continue to keep an eye on it. #dusk $DUSK @Dusk