Dusk Network
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Information about Dusk Network (DUSK)
Dusk Network is a blockchain Layer 1 that powers the Confidential Security Contract (XSC) standard and supports native confidential smart contracts. Through a transactional model called Phoenix, Dusk Network focuses on bringing privacy and anonymity to transactions and smart contracts. The ‘Segregated Byzantine Agreement’ (SBA) consensus mechanism secures the network. According to the team from Dusk Network, SBA is an improvement over Byzantine Fault Tolerant.
Dusk Network was founded by Emanuele Francioni. He is a robotics and automation expert. Additionally, this project’s development team includes numerous engineers, blockchain & IT experts, including Fulvio Ventureli and Jelle Pol.
DUSK is a native token of the Dusk Network ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
- Initiate transactions and atomic swaps, or for the deployment of smart contracts.
- Stake to participate in consensus and serves as a means of exchanging DUSK-denominated value.
- In the future, the team intends to expand the use-cases of DUSK by adding it to an on-chain governance system.
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