#dusk $DUSK @Dusk
While reviewing the materials for @Dusk this time, what truly piqued my interest wasn’t “how much DUSK is still left to be released,” but a deeper question: what, exactly, is this token paying for on the network?
Following that question leads to the realization that DUSK’s use cases are tightly linked to consensus security. It serves as both the fuel for paying Gas and the native asset for participating in Staking: to directly participate in consensus, you must stake no less than 1000 DUSK and continuously run a Provisioner node. Under the Succinct Attestation mechanism, Provisioners are randomly selected into the committee; in each round of consensus, the process goes through three phases in sequence—Proposal (proposal), Validation (validation), and Ratification (ratification)—culminating in block confirmation. The more I read, the more I feel that DUSK isn’t merely a unit of account; it’s embedded in the network’s security incentive structure.
Even more worth pondering is where these rewards come from. The official arrangement is: over the next 36 years, a total of 500 million DUSK will be minted for Staking rewards, following a decaying cadence of one cycle every 4 years (decay rate r=0.5), starting at roughly 19.86 DUSK/block. The reward halves stage by stage, eventually reaching the final stage (years 32 to 36), where it falls to 0.0776 DUSK/block. At the same time, each block’s reward also includes the transaction fees generated by that block. In other words, as protocol inflation shrinks step by step over each period, the relative weight of transaction fees in block rewards will only increase if on-chain transaction fees can be maintained or even grow. That’s the line I’d rather keep my eye on.
$BTC
Once you think through this layer, the question of “whether it can be unlocked” becomes less important to me. What I want to observe instead is: can the transaction fees generated by the Dusk chain occupy an increasingly larger share within the composition of security incentives? Compared to simply tracking the supply curve, this clue is far more interesting to me.
$DUSK #dusk @Dusk
While reviewing the materials for @Dusk this time, what truly piqued my interest wasn’t “how much DUSK is still left to be released,” but a deeper question: what, exactly, is this token paying for on the network?
Following that question leads to the realization that DUSK’s use cases are tightly linked to consensus security. It serves as both the fuel for paying Gas and the native asset for participating in Staking: to directly participate in consensus, you must stake no less than 1000 DUSK and continuously run a Provisioner node. Under the Succinct Attestation mechanism, Provisioners are randomly selected into the committee; in each round of consensus, the process goes through three phases in sequence—Proposal (proposal), Validation (validation), and Ratification (ratification)—culminating in block confirmation. The more I read, the more I feel that DUSK isn’t merely a unit of account; it’s embedded in the network’s security incentive structure.
Even more worth pondering is where these rewards come from. The official arrangement is: over the next 36 years, a total of 500 million DUSK will be minted for Staking rewards, following a decaying cadence of one cycle every 4 years (decay rate r=0.5), starting at roughly 19.86 DUSK/block. The reward halves stage by stage, eventually reaching the final stage (years 32 to 36), where it falls to 0.0776 DUSK/block. At the same time, each block’s reward also includes the transaction fees generated by that block. In other words, as protocol inflation shrinks step by step over each period, the relative weight of transaction fees in block rewards will only increase if on-chain transaction fees can be maintained or even grow. That’s the line I’d rather keep my eye on.
$BTC
Once you think through this layer, the question of “whether it can be unlocked” becomes less important to me. What I want to observe instead is: can the transaction fees generated by the Dusk chain occupy an increasingly larger share within the composition of security incentives? Compared to simply tracking the supply curve, this clue is far more interesting to me.
$DUSK #dusk @Dusk