Dusk Network (DUSK)

Finance and Compliance

Dusk Network is built to bring traditional finance on-chain by enabling the tokenization, issuance, and trading of security tokens. It supports regulated financial markets by ensuring compliance with laws like MiFID II and MiCA, making it easier for institutions to handle real-world assets digitally.

Privacy and Confidentiality

It offers native confidential smart contracts using zero-knowledge proofs, allowing businesses and users to keep transaction details and identities private while still meeting regulatory requirements.

Digital Identity

Dusk Network provides privacy-first digital identity solutions, enabling users to prove their identity without revealing sensitive personal information, useful for KYC (Know Your Customer) and AML (Anti-Money Laundering) processes.

Network Utility

The DUSK token is used to pay for network services such as running smart contracts, transferring tokens, and compensating nodes for bandwidth, verification, and storage.

Enterprise Use

Businesses and institutions use Dusk Network to automate complex financial processes, reduce costs, and securely manage tokenized assets on a permissionless blockchain designed for scalability and privacy.

Pros

• Privacy and Compliance: Uses zero-knowledge proofs and confidential smart contracts to keep transactions private while meeting regulatory rules.
• Enterprise Focus: Designed for businesses and institutions to tokenize security assets and automate financial processes.
• Innovative Consensus: Combines Private Proof of Stake with Segregated Byzantine Agreement for security, decentralization, and privacy.
• Low Fees and Fast Transactions: Optimized for quick settlement and lower operational costs.
• Open and Permissionless: Anyone holding DUSK tokens can participate in network consensus without needing approval.
• Supports Security Tokens: Enables compliant issuance and trading of privacy-enabled security tokens.

Cons

• Market Position: Faces competition from other privacy and financial blockchain projects.
• Liquidity Concentration: Trading volume is often concentrated on a few exchanges, which may affect price stability.
• Adoption Stage: Still growing its user base and ecosystem compared to larger, more established blockchains.
• Price Volatility: Like most cryptocurrencies, Dusk Network’s token price can fluctuate significantly.

For more details, visit dusk.network.

Founders

Dusk Network was founded by Emanuele Francioni and Fulvio Venturelli. They started the project in 2018 with a vision to create a blockchain that supports regulated financial markets and real-world assets.

Background

The founders anticipated the importance of regulations in blockchain early on and designed Dusk Network to be compliant and privacy-focused, aiming to bridge traditional finance and crypto.

Investors in Dusk Network

Dusk Network has raised funding through multiple rounds with a total of about $1 million raised. Key investors include:

• COSIMO X: A strategic partner and investor focused on privacy solutions for financial markets.
• Karnika Yashwant: Noted as one of the recent investors.
• Other investors have participated across 6 funding rounds, but detailed names beyond COSIMO X and Karnika Yashwant are not publicly listed.

These investors support Dusk Network's development of privacy-focused blockchain technology aimed at bridging traditional finance and decentralized finance.

Halal Status

Yes, Dusk Network is considered halal because it uses a proof-of-stake consensus mechanism without involving interest (riba) or lending activities. Its transaction fees and network operations are based on service provision rather than earning interest, aligning with Islamic finance principles.