What is the DUSK currency?*
The DUSK currency is the native token of the Dusk Network, a platform that relies on blockchain technology and focuses on privacy and the regulation of digital assets. The network aims to provide an environment that allows companies to issue digital securities (Security Tokens) in a manner compliant with regulations while maintaining data privacy.
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Key features of Dusk Network:
- Built-in privacy: Relies on Zero-Knowledge Proofs technology to encrypt transactions without sacrificing regulatory compliance.
- Regulated smart contracts: Allow the creation of programmable smart contracts that comply with the law.
- Business-friendly: Specifically designed to enable companies to manage digital assets such as stocks, bonds, and stablecoins.
- High efficiency: Based on a consensus mechanism called Segregated Byzantine Agreement, which is effective and fast.
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Uses of DUSK currency:
- Paying network fees
- Running smart contracts
- Incentives for validators and participants in the network
- Voting and participation in governance
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Future of the currency:
DUSK is considered one of the serious projects focusing on combining privacy and regulation, which is a necessary trend currently, especially in Europe. As the digital securities market evolves, the importance of the project may increase.
However, the currency remains a high-risk investment due to intense competition and market volatility.
