Dusk Network (DUSK)

Dusk Network is a privacy-oriented, open-source blockchain platform designed for the secure transfer and storage of digital assets. It was founded by a group of blockchain and cryptography experts from the Netherlands in 2017. Dusk Network is based on the Zero Knowledge protocol, a cryptographic innovation which allows for transactions to occur between two parties without either side revealing their identities. This is done by breaking down the transaction into two distinct steps which are then verified by the Dusk Network’s blockchain. During the first stage of the transaction, users input their data and the platform encrypts it. In the second stage, a verification process takes place on the blockchain which ensures the data provided by the users is consistent. This ensures that even if the data is intercepted by a third party, it is impossible to trace it back to the sender or receiver as the data remains encrypted. The goal of Dusk Network is to provide a secure, transparent, and cost-effective way of carrying out digital asset transactions, while maintaining user privacy. The platform also offers other features such as token issuance and smart contracts. The tokens created on the platform are based on the Ethereum ERC20 standard and the smart contracts on the platform can be used for a variety of purposes, from creating and issuing tokens, to fundraising and many other applications. In addition, Dusk Network also has a governance framework which is designed to ensure the network remains decentralized and secure. As part of this, users have the ability to vote on changes to the network and to have an input into its development. Dusk Network is traded on a select number of exchanges. Some of the most popular ones include Binance, Huobi, Bittrex, and HitBTC. Dusk Network can also be bought and sold for fiat currency or Bitcoin on most cryptocurrency exchanges. Overall, Dusk Network is an interesting project which is making strides in terms of privacy-oriented digital asset transactions. The platform’s features such as its Zero Knowledge protocol, token issuance, and governance framework make it a unique and useful platform. For users looking to securely store and transfer digital assets, Dusk Network is a great option.