Dusk DUSK

1. Summary

Ranks

Liquidity

96

Developer

54

Social

90

Momentum (beta)

74

Stack Rank™

71

Price

$0.24 +1.3%

Market Cap

$109.43M (#377)

Supply

464.33M / 500.00M

Tags

Smart Contracts Privacy Coins Ethereum Ecosystem Layer 1 (L1) Zero Knowledge (ZK) Real World Assets (RWA) Binance Labs Portfolio Privacy

More Metrics

Price
52W High price	$0.64
52W High date	28th Mar 2024 (3 months ago)
All Time High (ATH) Date	29th Dec 2021 (2 years ago)
ATH Price	$1.09
% From ATH	-65.28%
All Time Low (ATL) Date	13th Mar 2020 (4 years ago)
ATL Price	$0.01
% From ATL	3299.4%

Supply & Trading Volume
Trading Volume (24h)	$8.60M
Total Supply	500.00M
Max Supply	1.00B
Circulating Supply	464.33M

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Description

Overview

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Overview

Dusk Network is a high-throughput permissionless blockchain designed specifically for providing privacy, programmability, and auditability. Currently in the Testnet phase, it is a blockchain protocol designed for easy deployment of programmable zero-knowledge dApps, aiming to become the backbone of an open, permissionless, and global privacy-oriented dApp ecosystem.

Features

• Privacy-oriented: Dusk Network combines innovative technologies like distributed ledger technology and zero-knowledge proofs to ensure privacy and decentralization.
• Compliance and Auditability: Dusk emphasizes business adoption and includes compliance with regulations in its XSC standard for security tokens.
• Layer-1 Blockchain: Dusk powers the Confidential Security Contract (XSC) standard and supports confidential smart contracts, focusing on scalability and instant transaction finality.
• Segregated Byzantine Agreement (SBA) Consensus: The network uses the Private Proof of Stake (PoS) extraction-based consensus mechanism to secure the network and provide honesty and fairness in the block selection process.
• Native Confidential Smart Contracts: Dusk’s layer-1 network facilitiates the use of native confidential smart contracts.
• Token Standard (XSC): The XSC token standard supports compliance with security regulations and offers a multitude of functions for businesses and users.
• Zedger and Phoenix Transaction Models: The Zedger model provides a hybrid privacy-preserving model for security tokens, while the Phoenix model extends privacy and anonymity to transactions and smart contracts.
• Utility Token (DUSK): DUSK is used for transactions, atomic swaps, deploying smart contracts, participating in staking, and as a means of payment on the network.

Key Elements

• Developer and Community Enablement: Dusk aims to build strong developer and user communities through documentation, research papers, package managers, tools, and campaigns.
• Technology Focus: Innovations in Zero-Knowledge proofs and private transactions enable unique use cases for millions of users.
• Scalability and Finality: Dusk prioritizes direct settlement finality and scalable public infrastructure.
• Data Privacy: The network ensures strict data privacy through novel transactional models like Phoenix.

Use Cases

• Businesses: Dusk enables easy access to financing, trade automation, and outsourcing costly processes through smart contracts.
• Institutions: It provides instant clearance and settlement, automated compliance, and reduced liquidity fragmentation.
• Users: Dusk offers unprecedented access to diverse, institutional-level assets directly from wallets, ensuring self-custody and compliance.

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