#The Dusk Network is a privacy blockchain that is focused on the issuance of digital securities, aiming to make trading compliance automatic, while maintaining individual user privacy and auditability. According to Jelle Pol, business lead of the project:
Dusk Network was created to digitize regulated (financial) markets. Built from the ground up to tackle the challenge at the deepest layer
The protocol combines a custom-built consensus mechanism and zero-knowledge cryptography to provide both compliance and confidentiality. The goal is to create a platform that removes the expensive middlemen found in traditionally regulated markets but still maintain regulatory approval.
The Dusk Network has recently moved to a public testnet and has plans on becoming a blockchain protocol that allows for easy deployment of Zero-Knowledge dApps, which would make it the backbone of a global, permissionless dApp ecosystem.
The Dusk Network Goals
Dusk was created for use in the financial industry,with a combination of necessary privacy and compliance with regulations.
While there are several potential use cases for the Dusk Network, the primary initial adoption strategy is focused on the Security Token (STO) market, which they feel will benefit from the addition of a privacy and compliance-focused blockchain built specifically for the needs and challenges of the STO space.
In order to become the primary blockchain used for STOs, it is critical for the team to provide for both the privacy of transactions and compliance requirements. Privacy of transactions is one of the key elements of regulated markets.
Consider the following exm: Any large movements of Bitcoin from various whale wallets can cause huge spikes in Bitcoin volatility,either upwards if there is a large purchase,or downwards when there is a large sale. $DUSK
