Sunday spent time with my son building LEGO until my hands ached. He casually asked, “Dad, why can’t the bank find out where I hid my lucky money?”
I froze for a moment and couldn’t answer. Then I turned and thought of that recently uncovered chain, Dusk. What it does is the opposite of this question—it's not about making everyone unable to check; it’s about ensuring the right people can check, and the wrong people can’t. Technically, it has two layers: the lower-level Phoenix accounts use zero-knowledge proofs to hide the details of transactions, and the network only accepts the conclusion that “this transaction is valid”; the upper-level Zedger specifically handles the issuance, bonus distributions, and other changes to security assets—if a holder exceeds the limit, the rules block it directly without needing any manual approval.
One is to hide, the other is to conceal your hand while playing the open cards. The difference is right here.
The NPEX case is proof: when the issuance amount went beyond 200 million euros and there were over 20,000 investors, it shows this path isn’t just theoretical. But the combo of Citadel and Zedger is still in early-stage deployment. What it truly looks like under large-scale commercial use remains to be seen.
I don’t know whether it will work out, but keeping an eye on the real flow speed of the money in that NPEX deal is better than randomly taking positions.
$DUSK
#dusk @Dusk
I froze for a moment and couldn’t answer. Then I turned and thought of that recently uncovered chain, Dusk. What it does is the opposite of this question—it's not about making everyone unable to check; it’s about ensuring the right people can check, and the wrong people can’t. Technically, it has two layers: the lower-level Phoenix accounts use zero-knowledge proofs to hide the details of transactions, and the network only accepts the conclusion that “this transaction is valid”; the upper-level Zedger specifically handles the issuance, bonus distributions, and other changes to security assets—if a holder exceeds the limit, the rules block it directly without needing any manual approval.
One is to hide, the other is to conceal your hand while playing the open cards. The difference is right here.
The NPEX case is proof: when the issuance amount went beyond 200 million euros and there were over 20,000 investors, it shows this path isn’t just theoretical. But the combo of Citadel and Zedger is still in early-stage deployment. What it truly looks like under large-scale commercial use remains to be seen.
I don’t know whether it will work out, but keeping an eye on the real flow speed of the money in that NPEX deal is better than randomly taking positions.
$DUSK
#dusk @Dusk