{"id":14769,"date":"2022-04-07T15:29:48","date_gmt":"2022-04-07T09:59:48","guid":{"rendered":"https:\/\/zebpay.com\/?p=14769"},"modified":"2022-04-07T15:29:48","modified_gmt":"2022-04-07T09:59:48","slug":"how-does-dusk-netowork-work","status":"publish","type":"post","link":"https:\/\/zebpay.com\/au\/blog\/how-does-dusk-netowork-work","title":{"rendered":"How does Dusk Network work?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/au\/blog\/how-does-dusk-netowork-work\/#What_is_Dusk_Network\" title=\"What is Dusk Network?&nbsp;\">What is Dusk Network?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/au\/blog\/how-does-dusk-netowork-work\/#How_does_Dusk_Network_work\" title=\"How does Dusk Network work?\">How does Dusk Network work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/au\/blog\/how-does-dusk-netowork-work\/#A_special_ingredient\" title=\"A special ingredient\">A special ingredient<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/au\/blog\/how-does-dusk-netowork-work\/#The_DUSK_token\" title=\"The DUSK token\">The DUSK token<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><strong>TLDR: The Dusk network aims to provide a privacy layer for financial instruments of the future. Additionally, it is one of the fastest, safest, and most secure networks for financial smart contracts.&nbsp;<\/strong><\/p>\n\n\n\n<p>In a world where you are constantly under the eye of surveillance by various tech giants, maintaining privacy is getting harder.&nbsp; That\u2019s not all: the problem of maintaining privacy also extends to financial privacy. &nbsp; Therefore, today we will discuss a project that solves precisely this problem, the Dusk network! So, let\u2019s get started!&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-dusk-network\"><span class=\"ez-toc-section\" id=\"What_is_Dusk_Network\"><\/span>What is Dusk Network?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Dusk network essentially provides a privacy layer for financial instruments like securities, bonds, etc. But how? Well, essentially the Dusk network helps both parties in a financial transaction. Customers of these financial instruments enjoy one hundred percent privacy. It does so by keeping the user at the center and then piecing together the puzzle. On the technology front, it uses a lot of technologies that we shall soon dive into. On the other hand, businesses with financial instruments can use the network to tokenize them, thereby making them more efficient. Not just that, tokenization also allows businesses to significantly reduce the costs associated with financial instruments. Let\u2019s get into how Dusk Network really maintains a fast, scalable, privacy-sensitive, and secure blockchain!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-how-does-dusk-network-work\"><span class=\"ez-toc-section\" id=\"How_does_Dusk_Network_work\"><\/span>How does Dusk Network work?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Dusk network uses the following to&nbsp; achieve its functionality:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Rusk: A virtual machine that enables users to program smart contracts and power dapps. Additionally, it allows users to set parameters for compliance and regulations.&nbsp;<\/li><li>PLONK: The latest advancement in zero-knowledge cryptography that is used to maintain privacy and security while making transactions.<\/li><li>Microkelvin: A toolkit used to make advanced custom data structures easy to implement for smart contracts.&nbsp;<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-a-special-ingredient\"><span class=\"ez-toc-section\" id=\"A_special_ingredient\"><\/span>A special ingredient<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>What\u2019s special about the way Dusk Network functions is that it provides fast and confidential transactions. Dusk does so by using Instant Settlement Finality and Zero-Knowledge proofs, thereby achieving a goal of a true distributed Financial Market Infrastructure (dFMI). Now, the network is capable of providing a clear and final settlement of transactions. However, even the consensus mechanism of Bitcoin and Ethereum failed to achieve this. Therefore, the Dusk network developed its own Succinct Attestation (SA) agreement (a novel consensus algorithm) to create a Proof-of-Stake based permissionless blockchain network. This algorithm helps the network in achieving instant settlement of transactions that are final and irrevocable, thereby, keeping the transaction quick and confidential.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-dusk-token\"><span class=\"ez-toc-section\" id=\"The_DUSK_token\"><\/span>The DUSK token<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The DUSK token is the native token of the Dusk network.&nbsp; The <a href=\"https:\/\/zebpay.com\/in\/buy-dusk\/\">DUSK token<\/a> is used to pay for network services fees. These include deploying a smart contract and transferring security tokens. It is also used for the deployment of smart contracts by businesses in order to offer financial instruments. The DUSK token can also be used to get token rewards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR: The Dusk network aims to provide a privacy layer for financial instruments of the future. Additionally, it is one of the fastest, safest, and most secure networks for financial smart contracts.&nbsp; In a world where you are constantly under the eye of surveillance by various tech giants, maintaining privacy is getting harder.&nbsp; That\u2019s not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14593,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-14769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/14769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/comments?post=14769"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/14769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media\/14593"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media?parent=14769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/categories?post=14769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/tags?post=14769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}