Dusk Network is a blockchain protocol focusing on privacy. It is utilizing a Segregated Byzantine Agreement to deliver privacy, programmability, and contract auditability. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (DUSK/USDT – Trade it here) on our Innovation Zone! Check it out now!
How Does Dusk Network Function?
Dusk Network is a privacy-focused blockchain designed for financial applications. It offers an open-source, secure blockchain infrastructure (DLT) that businesses can use to tokenize financial instruments and automate expensive processes. Furthermore, it provides fast and confidential transactions, utilizing instant settlement finality and zero-knowledge proofs.
For a distributed Financial Market Infrastructure (dFMI) to provide a clear and final settlement of transactions, the settlement should be instant or near-instant (<15s). Unfortunately, Bitcoin and Ethereum’s Proof-of-Work consensus mechanism cannot meet these requirements. Therefore, Dusk Network developed a more efficient consensus mechanism called Succinct Attestation Agreement to enable instant transaction settlement within 15 seconds.
Using Zero-Knowledge technology, Dusk Network enables organizations to issue tokens governed by privacy-preserving smart contracts. It harnesses the power of DLT while also respecting confidentiality agreements and data protection legislation.
What is the Benefit of Using Dusk Network?
Dusk Network utilizes Distributed Ledger Technology (DLT) for global collaboration. It enables affordable and cost-efficient participation for any business through public and open-source DLT. The privacy-preserving blockchain infrastructure supports collaboration at scale. To encourage network participation, users are incentivized to connect their computers to the network, run a blockchain node, and contribute to network maintenance.
Furthermore, Dusk Network is built for compliance with global regulation and local legislation, with a focus on protecting privacy. Utilizing zero-knowledge cryptography and advanced encryption methods, it empowers businesses to comply with financial market directives and the GDPR. This enables businesses to safely engage in global alternative finance while maintaining compliance with regulatory requirements.
Is Dusk Network (DUSK) a Good Investment?
Dusk Network is a blockchain that brings in a lot of benefits for those seeking alternative consensus mechanisms. Overall, it has the potential for a good long-term investment. However, as with any investment, there are risks involved, and it’s important to weigh these risks against the potential rewards before making any decisions. This is not financial advice.
Where to buy DUSK Token
You can find DUSK Token here at MEXC! We are listing DUSK/USDT in our Innovation Zone!
What is the Price of DUSK Tokens?
The price of the DUSK token is $0.2368 per unit. It has a market cap of $97,566,459 and a fully diluted market cap of $236,357,081. It also has a 24-hour trading volume of $24,829,421. You can check the live price of their token right here!
How to buy DUSK Tokens
You can buy DUSK Tokens on MEXC by following the steps:
Log in to your MEXC account and click [Trade]. Click on [Spot].
Search “DUSK” using the search bar to see the available trading pairs. Take DUSK/USDT as an example.
Scroll down and go to the [Spot] box. Enter the amount of DUSK you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy DUSK] to confirm your order. You will find the purchased DUSK in your Spot Wallet.
