It's not just crypto, it's also dusk is building for finance.
The first thing that comes to mind when people hear the term “privacy blockchain” is anonymous transactions or hidden transactions. However, Dusk Network is taking a different approach to privacy.
The project is on financial applications where confidentiality is even a requirement. While banks and asset issuers, exchanges, and other regulated companies might want to take advantage of blockchain technology, moving all financial data onto a completely public ledger could present obvious problems.
But that's where Dusk gets interesting. Dusk is a Layer-1 blockchain focused on financial markets and features the Confidential Security Contract (XSC) standard, which provides for confidential smart contracts. Rather than privacy being an afterthought that can be added on later in the development process, the network brings it closer to the core.
This opens up an intriguing possibility: financial products may be able to leverage blockchain's transparency and programmability while maintaining the protection of sensitive information.That's the bit I want to see, for me. Making everything visible to everyone might not be the future of blockchain finance. It may be a matter of providing the appropriate people with the appropriate information at the appropriate time.
Dusk is developing to be such a financial infrastructure.
#dusk $DUSK @Dusk
The first thing that comes to mind when people hear the term “privacy blockchain” is anonymous transactions or hidden transactions. However, Dusk Network is taking a different approach to privacy.
The project is on financial applications where confidentiality is even a requirement. While banks and asset issuers, exchanges, and other regulated companies might want to take advantage of blockchain technology, moving all financial data onto a completely public ledger could present obvious problems.
But that's where Dusk gets interesting. Dusk is a Layer-1 blockchain focused on financial markets and features the Confidential Security Contract (XSC) standard, which provides for confidential smart contracts. Rather than privacy being an afterthought that can be added on later in the development process, the network brings it closer to the core.
This opens up an intriguing possibility: financial products may be able to leverage blockchain's transparency and programmability while maintaining the protection of sensitive information.That's the bit I want to see, for me. Making everything visible to everyone might not be the future of blockchain finance. It may be a matter of providing the appropriate people with the appropriate information at the appropriate time.
Dusk is developing to be such a financial infrastructure.
#dusk $DUSK @Dusk
Private, Secure, Compliant
Fast, Scalable, Decentralized
Regulated, Transparent
5 Tage(n) übrig
