I keep seeing people use tokenization and native issuance like they're the same thing.
For a while I did too, until I sat down and actually thought through what Dusk is building.
Tokenization takes something that already exists, a bond, a fund, a share, and wraps it in a token so it can move onchain.
The real asset still lives in the old system. The token is just a mirror of it. If that offchain registry has a dispute or goes down, your token is only as solid as that link holding up.
Native is...
Been poking around Dusk's independent explorer, this week and one number stopped me: in the most recent 24h window, only 21 of 252 total transactions were Shielded transfers the rest 231, were Moonlight, the transparent transaction type.
That's roughly 8% privacy usage on a chain whose entire pitch is confidential, ZK shielded settlement.
I dug a bit further because I expected the opposite. Contract calls sat at 89 for the same window and the failure rate was 9.9% high enough that I checked t...