#dusk $DUSK @Dusk $XAI $BTCS.US
I used to think putting financial assets onchain meant one thing: making the information more transparent.
The more I looked into Dusk, the less comfortable I became with that assumption.
A public blockchain makes it easy to verify what happened, but financial markets do not necessarily want every balance, transfer and position exposed to everyone.
That is where Dusk’s design started to make more sense to me.
Dusk has Moonlight for transparent account based activity and Phoenix for shielded transfers. With Phoenix, transaction details such as the amount and the specific notes involved can remain hidden, while zero knowledge proofs are used to prove that the transaction is valid. Information can also be selectively disclosed when an authorized party needs evidence. (DOCS)
Wait.
So maybe putting finance onchain does not mean putting every piece of financial information in public view.
It could mean putting the transaction and its rules on shared infrastructure, while deciding which information should remain private and which information should become visible to the right party.
That changed how I think about Dusk.
The interesting question is no longer whether financial assets can move onchain.
It is whether they can move onchain without forcing the market to choose between transparency for everyone and privacy for no one.
That feels like a much harder problem to solve.
I used to think putting financial assets onchain meant one thing: making the information more transparent.
The more I looked into Dusk, the less comfortable I became with that assumption.
A public blockchain makes it easy to verify what happened, but financial markets do not necessarily want every balance, transfer and position exposed to everyone.
That is where Dusk’s design started to make more sense to me.
Dusk has Moonlight for transparent account based activity and Phoenix for shielded transfers. With Phoenix, transaction details such as the amount and the specific notes involved can remain hidden, while zero knowledge proofs are used to prove that the transaction is valid. Information can also be selectively disclosed when an authorized party needs evidence. (DOCS)
Wait.
So maybe putting finance onchain does not mean putting every piece of financial information in public view.
It could mean putting the transaction and its rules on shared infrastructure, while deciding which information should remain private and which information should become visible to the right party.
That changed how I think about Dusk.
The interesting question is no longer whether financial assets can move onchain.
It is whether they can move onchain without forcing the market to choose between transparency for everyone and privacy for no one.
That feels like a much harder problem to solve.