Dusk Network

What is DUSK and how Does It Work?

Dusk Network is a blockchain protocol designed around privacy, functioning to offer a platform for transactions. The protocol utilizes the Schnorr signature scheme and employs a stake-driven verification through a threshold committee, facilitating transactions with the utilization of public spend keys. Certain checks, inherent within the protocol design itself, make up the process of completeness, honesty and verification.

The initiative, MiCA, encompasses a variety of stages that carry regulatory relevance, devised to oversee tokens issuance and utilization. It sets apart funds for clients and hosts a reward distribution function linked to contracts. Dusk protocol weaves in Schnorr signatures, aggregated election, and stake-driven optimistic channel federated Byzantine Fault Tolerance (FBFT) consensus. Fulfilling of requisite characteristics such as proof of stake and zero-knowledge proofs was made integral and native backing is provided for creation of proof and cryptographic primitives.

The protocol unveils specific provisions for bidding eligibility and duration in the mining process. Dusk protocol brings together an array of elements: a stealth address system, keys for asymmetric encryption and decryption, facilitating privacy among users. The protocol operates towards reduced operational costs and embeds whiteListTree infrastructure and symmetric encryption for streamlining interaction with tokens and Distributed Ledger Technology (DLT) tokens.

Dusk Network serves over 2 million traders and supports stake withdrawal, reward withdrawal, and accepts transfers. Crafted with non-encroaching layers, inclusive of a native protocol asset layer and rudimentary compute layer, inputs for swift block finalization are optimized, assuring near-instant finality and high throughput rate.

Adherence to compliance and privacy, while transitioning towards a privacy-focused blockchain network is central to the protocol's aim. Comprising of a zero-knowledge proof system, generating signatures for each input, it proves useful in verification of transaction correctness and commitment verification. SBA consensus method and bulletproofs are employed, while collaborations with institutions in both traditional and blockchain realm are explored for additional integration. Access to network functions is exclusively granted to approved whitelisted users, working in tandem with Masternode incentives and a burn model designed for monitoring users' balance.

The Vision and Mission Behind DUSK

DUSK is a privacy-focused blockchain protocol. It emphasizes user confidentiality and is designed to provide a variety of services. The Segregated Byzantine Agreement protocol adopted by DUSK boosts high transaction throughput coupled with decreased energy consumption and transaction validation time. For enhanced user privacy and DApp development, DUSK blends proof-of-stake consensus with zero-knowledge cryptography. DUSK also introduces the Confidential Security Contract (XSC) standard, which enables regulatory compliance while upholding privacy. Additionally, the protocol encompasses an integrated mechanism aimed for continuous DUSK token availability. Thus, DUSK provides support for a wide array of DeFi services, doing so without compromising user secrecy. The goal is to cater to your diverse needs.

How to Buy and Store DUSK?

To purchase DUSK, Flooz.xyz offers a streamlined process. Flooz.xyz is a one-stop solution to buy this token, using a smooth checkout, without the need to own a wallet. Tap tap go! All payment methods are supported. Using Flooz self-custodial web wallet, you ensure seamless DUSK transactions, including storing, sending, and receiving tokens. You can create a self-custodial wallet directly on Flooz using your email, Google, and Apple ID in a matter of seconds. This also ensures that you have access over your funds at all times, thanks to the power of cryptography. Flooz.xyz aggregates more than 50+ providers to ensure you with the fastest and cheapest payment routes for your trades. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz.

DUSK Metrics:

• Current price: $0.2189

• Market cap: $102.24 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $59.41 k