I was cleaning out my email the other day and found an old offer letter from a company I almost took a job at. There was this one line about salary confidentiality, basically don't tell anyone what you're getting paid. Kind of funny to think about now, because in crypto it's the total opposite. Anyone can pull up your wallet and see exactly what's in there if they really want to.
@Dusk_Foundation
That random memory is what got me thinking about something called the XSC standard on Dusk Network, Confidential Security Contract if you spell it out. Sounds like a mouthful, but the actual idea behind it is pretty easy to get once you sit with it for a minute.
Most smart contracts right now are basically glass boxes. Everyone involved, every amount, every term, it's all just sitting there for whoever wants to look. Fine if you're swapping a few tokens, nobody really cares. But the moment you're talking about actual financial stuff, company shares, bonds, that kind of thing, having it all public just doesn't line up with how business actually works. No company is handing out its investor list to strangers.
XSC is basically trying to close that gap. The contract still runs, still gets checked and verified by the network, but the private parts stay private instead of being out there for anyone to dig through.
Honestly the more I think about it, this isn't even some wild new idea. It's just blockchain slowly catching up to how money has always worked offline. And once tools like this become normal, I think a lot more people who were never comfortable with full transparency might actually start showing up.
#dusk $DUSK
@Dusk_Foundation
That random memory is what got me thinking about something called the XSC standard on Dusk Network, Confidential Security Contract if you spell it out. Sounds like a mouthful, but the actual idea behind it is pretty easy to get once you sit with it for a minute.
Most smart contracts right now are basically glass boxes. Everyone involved, every amount, every term, it's all just sitting there for whoever wants to look. Fine if you're swapping a few tokens, nobody really cares. But the moment you're talking about actual financial stuff, company shares, bonds, that kind of thing, having it all public just doesn't line up with how business actually works. No company is handing out its investor list to strangers.
XSC is basically trying to close that gap. The contract still runs, still gets checked and verified by the network, but the private parts stay private instead of being out there for anyone to dig through.
Honestly the more I think about it, this isn't even some wild new idea. It's just blockchain slowly catching up to how money has always worked offline. And once tools like this become normal, I think a lot more people who were never comfortable with full transparency might actually start showing up.
#dusk $DUSK