dusk

When I look at Dusk right now, what stands out isn’t price action or social buzz. It’s that the project is starting to look structurally complete in a way many Layer 1s never reach. @Dusk has been consistent about its focus for years: regulated on-chain finance, confidential smart contracts, and real-world assets. In 2026, that focus finally lines up with where institutions are actually moving.
From a data perspective, $DUSK still sits in the small-cap range, with a circulating supply just under half of its total cap. That matters because the network isn’t fully diluted yet, and issuance is still tied closely to network participation. Daily trading volumes have stayed active even during quieter market periods, which suggests DUSK isn’t being ignored or abandoned by the market.
More important than trading data is network readiness.
Dusk’s mainnet has been live and stable, and confidential smart contracts are not experimental anymore. Privacy is handled at the protocol level, but it isn’t designed to block oversight. Transactions can remain private while still producing proofs that auditors and regulators can verify. That selective disclosure model is the core reason Dusk keeps coming up in regulated finance discussions.
Tooling has also reached a usable state. Solidity compatibility through DuskEVM means developers don’t have to relearn everything just to test whether privacy and compliance actually help their product. That lowers the barrier in a very practical way. Builders can prototype real issuance logic instead of stopping at concept demos.
A concrete example helps put this into perspective.
Take a regulated issuer offering tokenized debt to professional investors. Investor identities must be verified. Holdings should not be publicly visible. Transfers must follow strict rules. Regulators need access if something goes wrong. On most chains, this forces teams to push sensitive logic off-chain. On Dusk, these constraints are assumed from the start. Privacy and compliance live in the same place as the smart contract logic.
This is also why Dusk’s progress shows up through pilots and integrations rather than loud announcements. Partnerships with regulated exchanges and financial platforms take time, legal review, and quiet testing. That pace can look slow from the outside, but it’s normal for infrastructure that’s meant to support real financial products.
When you compare Dusk to general-purpose chains like Ethereum or Solana, the difference is clear. Those networks are optimized for openness and composability. That’s great for permissionless DeFi. It’s not ideal for regulated assets. On the other side, pure privacy chains often go too far for institutions that need accountability. Dusk sits in the middle, and that middle ground is where regulated finance actually operates.
There are still challenges worth acknowledging.

Regulatory clarity is uneven across regions, and selective disclosure frameworks need continued acceptance from authorities. Institutional acceptance moves slowly, and not every flyer becomes a production system. Token market volatility can also distort perception if attention shifts away from real usage.
Still, the direction matters.
Tokenized assets, compliant settlement, and on-chain issuance are no longer fringe ideas. They’re active areas of development. If that trend continues, infrastructure built specifically for those constraints becomes harder to replace.
That’s how I’m looking at #dusk . Not as a hype cycle, but as a long-term infrastructure play tied to how regulated finance actually comes on-chain. The signal is in execution, not noise.

Gdyby to było wcześniej, V-god, gdyby odważył się tak sprzedać, cały świat kryptowalut już by wybuchł!
“ETH要完”“共识崩了”的哀嚎，绝对能从推特刷到微信群，吓得小白连夜割肉。
Ale tym razem, patrząc na precyzyjne zmniejszenie posiadania V-goda, moją pierwszą reakcją nie była obawa, lecz nagle zrozumiałem jedną rzecz: takie monetyzacje na poziomie milionów dolarów, jeśli nie mają solidnej podstawy zgodności, samo wyjaśnianie regulacjom, skąd pieniądze pochodzą i dokąd idą, może doprowadzić ludzi do wypadania włosów, nie mówiąc już o szybkim zabezpieczeniu pieniędzy.
To właśnie jest wartość projektów takich jak Dusk! Mówiąc wprost, $DUSK działa jak „szybka brama kontrolna z oficjalną certyfikacją” dla dużych aktywów na łańcuchu.

Blockchain is always evolving, and this is particularly true when it comes to finding a balance between privacy and the need for regulation and auditing. The traditional blockchains, such as Bitcoin or Ethereum, are all about transparency. You can see the transaction values, the wallet balances, the whole shebang. This is fantastic if you want to be transparent, but not so great if you want to maintain privacy, such as in business or supply chain management.
This is where Haults a protocol developed by $DUSK Network, comes in. It stands for Homomorphic Encryption-based Vaults, and it is a new protocol that has emerged from some new research. The interesting thing about Haults is that it combines homomorphic encryption, zero-knowledge proofs, and smart contracts. When you combine all of these things, you have a system that allows you to maintain the privacy of your balances, even on blockchains that use virtual machines, such as those that are compatible with Ethereum.
Haults provide a very intelligent wallet solution that strikes a balance between privacy and permissioning. They are not like completely anonymous platforms like Zcash or Monero. With Haults, you always know who is participating in a transaction, but you cannot see their balances or what they are sending. This is a good combination if you want to identify users, perhaps for legal purposes, but keep the actual money information private.
Haults revolve around these things called "notes." They’re specialized data structures that contain value, all encrypted. Each note has two encrypted components.
One of them is encrypted with MapRecoverable encryption. Essentially, if you have the right private key, you can decrypt this and read the underlying value.
The other one is encrypted with a homomorphic encryption scheme, MapHomomorphic, which is based on ElGamal encryption over elliptic curves. This one is particularly slick: you can sum up the encrypted balances of multiple notes without decrypting them. That way, you can add up all the values without learning what’s in each note.

Each user has their own Hault keypairs—this is like a set of special keys developed by $DUSK Network specifically for the Hault protocol, and they are completely separate from their blockchain addresses. These keys take care of all the encryption and decryption. There is also an auditor involved in this process, who holds a public key that provides an additional layer of encryption to every transaction. This way, in case there is a need to check compliance or investigate any transactions or even trace lost funds, the auditor can decrypt the amounts. However, this information is not accessible to the common user or the rest of the network, so privacy is maintained.

The core of Haults is based on the transfer protocol. When a user wants to send value w to another user, the following takes place:
First, the sender gathers their notes and calculates their old balance in both plain number form (after decryption) and its encrypted form. They then subtract w from the balance to obtain their new encrypted balance. Next, they make new notes for the recipient, locked under the recipient’s public key, as well as a set for the auditor. To connect all the dots, they construct a zero-knowledge proof that verifies all the steps are valid, including the fact that nothing new is created or destroyed, the old notes are destroyed, and all the encryption is sound, without revealing w or the balances.

The “Hault” smart contract verifies the proof and the public inputs—such as ensuring that the old encrypted sums actually match what’s been stored. It then removes any notes that have already been used and adds new ones to both the sender’s and the recipient’s accounts. This ensures that everything is safe on the blockchain, and at the same time, it doesn’t expose anyone’s private information.
There are a couple of special cases. For minting, the contract owner—basically the issuer—emits new notes through transparent encryption. This means that they set the randomness to zero, so the amount is exposed to everyone. This way, people can check the total supply, but regular notes still hide the amounts. Then you have the force transfers. If someone loses their keys, the auditor can chime in. With their own keys, they prove and complete the transfer, which allows people to get their money back without jeopardizing the entire system.
Haults’ design keeps things simple by using only one transfer circuit for almost all operations. This reduces complexity immensely. The zero knowledge circuit is responsible for a few important tasks: it verifies points on the elliptic curve, ensures that all values remain within bounds so you don’t end up with overflows or funky negative values, keeps homomorphic subtraction and encryption under control, and double-checks that recoverable and homomorphic mappings actually correspond.
This design is based on the basics of elliptic curve cryptography, in which the public key is a point on the curve (pk = sk · G).
But what does this all mean in practice? Haults can support enterprise blockchains, DeFi platforms that operate within the law, or networks where real-world assets are tokenized – areas where you need privacy, but you can’t afford to forget accountability. They avoid the problems that come with completely private blockchains, such as not scaling well or regulators pushing back, but they still maintain a whole lot more privacy than transparent blockchains.
With more and more regulated sectors turning to blockchain, solutions like Haults show the way forward: privacy is baked in from the start, there’s the ability to audit if necessary, and anyone can check what’s happening if they have to. It safeguards user data and helps people actually trust these digital finance systems, even as they come under the microscope. And with zero-knowledge proofs and homomorphic encryption continually improving, you can bet that Dusk Network's Haults-like systems will take privacy-enhanced smart contracts to the next level.
#dusk $DUSK @Dusk_Foundation

Dusk Reinforced Concrete (RC) to nowa funkcja haszująca, która jest super szybka w dowodach o zerowej wiedzy (takich jak ZK-SNARKs lub STARKs). Nie jest jak zwykłe funkcje haszujące (takie jak SHA-256). Została zaprojektowana do bezpośredniej pracy nad polami matematycznymi (pola liczb pierwszych), aby dowody wymagały mniej mnożeń i były znacznie szybsze.
Najpierw zrozummy to: Czym jest hash?
Hash to jak maszyna, która przyjmuje dane dowolnego rozmiaru i produkuje stałej wielkości „odcisk palca.”
Ten odcisk palca jest tak wrażliwy, że nawet niewielka zmiana w danych całkowicie zmienia odcisk palca.