Buy Dusk Network

Dusk Network (DUSK) is a privacy-focused blockchain specifically designed for financial applications. The platform aims to digitize and simplify regulated financial services through advanced technologies such as distributed ledger technology (DLT) and zero-knowledge cryptography. This enables it to automate financial markets, accelerate transactions, and ensure both privacy and transparency.

The Dusk Network platform offers a secure and private environment in which companies can offer financial services in a regulated manner. An important part of this are the so-called "Confidential Security Contracts" (XSC), which allow companies to tokenize securities such as shares or bonds. By tokenizing securities via Dusk, companies can reduce automation costs and easily automate complex processes such as dividend payments or voting rights.

Dusk Network uses native smart contracts, which are specifically designed for the financial sector. These smart contracts provide both privacy and scalability, allowing companies to automate processes such as shareholder meetings or capital rounds. Furthermore, the platform offers instant finality, meaning that transactions are confirmed immediately without long waits for block validation.

One of the most important technical innovations of Dusk Network is the implementation of zero-knowledge proofs. This allows users to make transactions without exposing sensitive information, and allows users to benefit from the advantages of a public blockchain while maintaining their privacy. The consensus mechanism used by Dusk Network, Proof-of-Blind-Bid (PoBB), is an improved version of Proof-of-Stake (PoS). This mechanism provides a high degree of decentralization, security and scalability.

The DUSK token is at the core of the ecosystem. It is used to execute transactions, smart contracts, pay fees, and participate in staking. In addition, users can participate in network governance and decide on future developments of the platform with their DUSK tokens.

Who founded Dusk Network?

Dusk Network was founded in 2018 by Emanuele Francioni and Jelle Pol. Emanuele Francioni, the CEO and technical lead of the project, has a background in engineering and software development with experience at companies such as TomTom and Commerzbank. Jelle Pol is responsible for Dusk Network’s business strategy. The project is based in Amsterdam in the Netherlands, and aims to set a global standard for decentralized finance applications.

Dusk Network offers various applications and capabilities, including:

• Tokenization of securities: Companies can tokenize securities such as stocks and bonds through the XSC standard, providing a secure and private trading and management process.
• Smart contracts: Developers can leverage native confidential smart contracts to automate financial processes while maintaining user privacy.
• Secure and private transactions: The implementation of zero-knowledge proofs allows users to perform anonymous and secure transactions without exposing sensitive information.
• Atomic swaps: The DUSK token allows users to directly exchange tokens with each other via atomic swaps, without relying on central exchanges.
• Network staking: Users can stake their DUSK tokens to secure the network and receive rewards for their contribution.

Dusk Network uses a unique consensus mechanism called Proof-of-Blind-Bid (PoBB), an advanced version of the traditional Proof-of-Stake (PoS) mechanism. In PoBB, there are two types of nodes: Block Generators and Provisioners. Block Generators are responsible for proposing new blocks, while Provisioners check and validate the integrity of these blocks.

Rusk Virtual Machine

The Rusk Virtual Machine (RVM) is a fundamental part of Dusk Network, enabling developers to create privacy-focused smart contracts. The RVM is the world’s first Zero-Knowledge Virtual Machine (ZK-VM) and is based entirely on Zero-Knowledge cryptography. This allows developers to build decentralized applications (dApps) that meet strict regulatory requirements without sacrificing privacy or scalability. This allows businesses to remain compliant while leveraging the benefits of blockchain technology.

Zero-knowledge proofs

Dusk Network makes extensive use of zero-knowledge proofs to ensure privacy and security within the network. One of the core technologies used for this is zero-knowledge PLONK. This technology allows users and companies to perform transactions without exposing sensitive information, and offers the possibility to perform financial transactions on a public blockchain with a high level of privacy, an important requirement for regulated financial markets.

Phoenix and Kelvin

Dusk Network uses the Phoenix transaction model to ensure complete privacy and anonymity in transactions. This model ensures that transaction details are shielded from third parties, while their validity is guaranteed. In addition, Kelvin, a Merkle Tree toolkit, provides efficient and fast data storage. This combination allows for immutable and secure data storage, which is essential for companies that work with large amounts of sensitive data.

Confidential Security Contracts (XSC)

Dusk Network’s XSC standard enables enterprises to issue and trade compliant security tokens. These tokens can represent various forms of value, such as voting rights or dividend payments. The XSC standard significantly reduces the cost of automation and provides a more secure, efficient process for issuing and trading securities. Enterprises benefit from a compliant, scalable solution that meets both regulatory requirements and privacy protections.

The DUSK token is the native utility token of Dusk Network and plays a central role in the ecosystem. The token is used for various functions, including executing transactions, paying fees for smart contracts, and participating in the consensus mechanism via staking. In addition, DUSK acts as a reward mechanism for network participants and can be staked for voting in the governance process.

The total supply of DUSK tokens is limited to 1 billion, which acts as an anti-inflation mechanism and helps preserve the token's value in the long term. The distribution of tokens is as follows: 50% is allocated to private sales, 18% to the technical development fund, and the rest is distributed to partners, marketing, the team, and advisors.

Dusk Network distinguishes itself through a combination of unique features and advanced technologies:

• Confidential Security Contracts (XSC): Dusk Network provides a platform for companies to issue secure and private tokens that are compliant with regulatory requirements, without sacrificing privacy.
• Zero-knowledge proofs: By using advanced cryptographic technology such as zero-knowledge proofs, transactions can be conducted completely privately without revealing sensitive information.
• Proof-of-Blind-Bid consensus mechanism: This innovative consensus mechanism provides enhanced security and decentralization by randomly assigning voting rights among validators, preventing centralization.
• Rusk Virtual Machine (ZK-VM): The world's first Zero-Knowledge Virtual Machine enables developers to build privacy-focused decentralized applications (dApps) without sacrificing scalability.
• Instant finality: Dusk Network offers fast, zero-latency transactions through instant finality, meaning transactions are confirmed almost instantly, without long waits for block validation.
• Privacy and scalability: Dusk combines a high degree of privacy with a scalable infrastructure, suitable for both small and large enterprises that value security and efficiency.

Dusk Network (DUSK) can be purchased via Bitvavo, a platform suitable for both novice and experienced crypto traders. Follow these steps to buy DUSK via our website or app:

1. Sign up or log in to your Bitvavo account.
2. Deposit an amount by clicking the "Deposit" button.
3. Go to the Dusk Network purchase page.
4. Enter the amount in euros you want to invest or the number of DUSK tokens you want to buy and click "Buy".

The price of DUSK is linked to the current market price at the time of transaction. After purchase, the tokens are immediately added to your Bitvavo account where you can easily manage and trade them.

Want to store your DUSK tokens safely? Through your Bitvavo account, most customer funds are safely stored offline in cold storage, which provides extra protection. To make your account even more secure, we recommend activating two-factor authentication (2FA). This requires you to enter a unique code in addition to your password when logging in.

You can store your Dusk tokens in external wallets. Both software and hardware wallets support DUSK tokens. Want to send your tokens to an external wallet? First verify the wallet address via your Bitvavo account. You can then safely transfer the DUSK tokens to your external wallet for even more control over your assets.