The Dusk Network (DUSK) whitepaper was released in its first version in the first quarter of 2018 and has since taken its current form with the second version published on August 30, 2019. The DUSK coin whitepaper was authored by Toghrul Maharramov, Emanuele Francioni, Dmitry Khovratovich, and Fulvio Venturelli.
According to the DUSK coin whitepaper, "The Dusk Network protocol is a distributed ledger based on blockchain, secured by a novel state machine replication algorithm." The Dusk Network allows participation in the state transition verification process without requiring permission, while simultaneously providing strong guarantees about the correctness of state transitions. The protocol was designed to preserve user anonymity at both the transaction and state layers.
What makes the Dusk Network project unique? Dusk Network has created a unique structure that enables businesses of all sizes to collaborate at the required scale, meet compliance requirements, and ensure the confidentiality of personal and transaction data.
The Dusk Network stands out particularly for its privacy advantages. These advantages are enabled by an innovative smart contract called the Confidential Security Contract (XSC). XSC allows users to create, store, and trade digital securities while paying attention to legal privacy and data protection.
The Dusk Network also features a unique consensus mechanism known as the Segregated Byzantine Agreement (SBA).
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Dusk Network, with its privacy features, helps reduce security concerns for businesses and institutions while enhancing operational efficiency. By using the Dusk Network platform, users and businesses can now better control the privacy of their transactions. This fosters a safer business environment and enables commercial projects to be carried out more smoothly.
Dusk Network focuses on bringing privacy and anonymity to both transactions and smart contracts through the use of a transaction model called Phoenix. Additionally, tokens distributed on the Dusk Network can be built upon Zedger, a hybrid model based on Phoenix that is specifically designed for privacy-preserving security tokens.
The 'Separate Byzantine Agreement' (SBA) consensus mechanism ensures the network's security. According to the Dusk Network team, SBA is essentially an advancement over the underlying Proof-of-Stake (PoS) mechanism, as it combines existing ideas such as cryptographic ordering, confidential time-locked transactions (with private share amounts), and a reputation module. This approach increases the chances of selecting honest nodes and further promotes decentralized governance.
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