One thing I find interesting about Dusk is that privacy isn't treated as a separate feature sitting on top of the blockchain.
It is part of how the network is designed.
That matters because financial applications have a very different privacy problem than normal crypto users.
A trader might want a transaction hidden.
An institution may need an entire business relationship, position, or financial agreement to stay confidential while still being verifiable.
That is a much harder problem.
@Dusk_Foundation is approaching it through its Layer-1 architecture and the XSC standard, which enables confidential smart contracts without giving up the underlying benefits of blockchain settlement.
And this is where I think the Dusk story becomes more interesting.
If tokenized assets and on-chain financial markets actually grow, putting everything permanently in public view may not be practical for every participant.
The winning infrastructure may be the one that can answer both questions:
Can this activity be verified?
And who actually needs to see the underlying information?
Dusk is building around that second question, which could become increasingly important as blockchain moves closer to traditional finance.
Is the next phase of on-chain finance really about making everything transparent, or about making transparency more selective?
@Dusk_Foundation #dusk $DUSK
It is part of how the network is designed.
That matters because financial applications have a very different privacy problem than normal crypto users.
A trader might want a transaction hidden.
An institution may need an entire business relationship, position, or financial agreement to stay confidential while still being verifiable.
That is a much harder problem.
@Dusk_Foundation is approaching it through its Layer-1 architecture and the XSC standard, which enables confidential smart contracts without giving up the underlying benefits of blockchain settlement.
And this is where I think the Dusk story becomes more interesting.
If tokenized assets and on-chain financial markets actually grow, putting everything permanently in public view may not be practical for every participant.
The winning infrastructure may be the one that can answer both questions:
Can this activity be verified?
And who actually needs to see the underlying information?
Dusk is building around that second question, which could become increasingly important as blockchain moves closer to traditional finance.
Is the next phase of on-chain finance really about making everything transparent, or about making transparency more selective?
@Dusk_Foundation #dusk $DUSK