#note
Public blockchains have a fundamental problem: the smart contract executes correctly, but everything — conditions, amounts, logic — is visible to everyone. This is tolerable for DeFi. For real finances — it is not.
XSC (Confidential Smart Contracts) is the answer $DUSK to this imbalance. These are smart contracts with private state, built directly into L1. The contract can be executed in such a way that the network confirms correctness but does not learn the details of the transaction.
What exactly is hidden: input data, internal state, business logic, and execution results — completely or partially. Validators check not the numbers, but the zk-proof that the rules are followed.
The key difference from EVM is simple: Ethereum is good for open protocols. XSC is for closed agreements, where the leakage of terms = loss of money or strategy.
That is why XSC is focused not on retail, but on:
– OTC transactions
– derivatives and structured products
– tokenized securities
– corporate settlements and escrow
Yes, the price is there: development is more complex, execution is slower, auditing is stricter. But this is the price for the opportunity to use blockchain where publicity is not a plus, but a risk.
#Dusk @dusk_foundation
