#dusk $DUSK Ok so...i finally sat down when I first read "confidential security contracts," I assumed it was another privacy coin dressed up in compliance language. Dug through Dusk's docs anyway, because I've been burned before by projects that throw around the word "regulated" with nothing behind it....🤔
The XSC standard turned out narrower than I expected, in a good way. It's built on Zedger, which keeps ownership and transfers private but still lets an issuer prove someone's accredited, under a transfer cap, or only holding one account, without putting any of that on a public ledger for anyone to scrape. That's the part that actually resembles how securities work off-chain. Most tokenized-stock projects I've read about just wrap an ERC-20 around a claim and call it done, and the privacy problem never gets solved, just skipped.⛓️💥
What actually stood out wasn't the zero-knowledge part, plenty of chains have that now. It was how mundane the rest of it is. Dividend payouts, redemptions, transfer restrictions, built into the standard instead of every issuer writing their own version.
The XSC standard turned out narrower than I expected, in a good way. It's built on Zedger, which keeps ownership and transfers private but still lets an issuer prove someone's accredited, under a transfer cap, or only holding one account, without putting any of that on a public ledger for anyone to scrape. That's the part that actually resembles how securities work off-chain. Most tokenized-stock projects I've read about just wrap an ERC-20 around a claim and call it done, and the privacy problem never gets solved, just skipped.⛓️💥
What actually stood out wasn't the zero-knowledge part, plenty of chains have that now. It was how mundane the rest of it is. Dividend payouts, redemptions, transfer restrictions, built into the standard instead of every issuer writing their own version.