What is Dusk Network? Dusk Network is a Blockchain platform (Layer 1) aimed at user privacy in the Crypto market. Dusk Network receives close attention from Binance Labs and the large community.
In this article, let’s find out if there’s anything special and interesting about the Dusk Network platform?
Overview of Dusk Network
What is Dusk Network?
Dusk Network is a Layer 1 Blockchain with the ability to provide Privacy Smart Contracts that allow it to protect internal information, thereby solving problems of Public Blockchains with companies, corporations or businesses. Dusk Network uses a fast and efficient consensus system called Succinct Attestation based on the Proof-of-Stake (PoS) model.
This makes Dusk suitable for financial applications, providing opportunities for organizations and businesses to apply Blockchain technology to their operations, helping to reduce the limitations of the traditional financial system.
Development history of Dusk Network
Regarding the origins of Dusk, in early 2018, technology experts Emanuele Francioni and Fulvio Venturelli along with business experts Jelle Pol, Pascal Putman and Mels Dees founded Dusk Network. The project, headquartered in Amsterdam, Netherlands, has grown rapidly with the participation of many skilled and talented developers in the industry.
Their goal is to use Blockchain technology to improve traditional financial markets.
Core technology of Dusk Network
Some core technologies of Dusk Network include:
- Virtual Machine – Piecrust: Rusk is a neutral language that builds Protocols & DApps on the Dust Network. Rusk VM is completely based on Zero-knowledge technology.
- Consensus – Succinct Attestation: Dusk Network uses the Succinct Attestation consensus mechanism, based on the Proof-of-Stake (PoS) model.
- Zero-knowledge – Plonk: The Zero-knowledge technology that Dusk uses is PLONK proof.
- Privacy – preserving Digital Identity – Citadel: Off-chain KYC solution for organizations to reduce costs.
Development Roadmap
Update…
Investor
- September 1, 2023: Dusk Network successfully raises $1M from Bitfinex investment fund.
Core Team
Emanuele Francioni: Founder & CEO
- Emanuele earned a Master’s degree in Engineering, Mechatronics, Robotics and Automation Engineering at the University of Rome.
- Upon graduation, Emanuele worked as a Software Engineer at Vitrociset SPA – Syrian air traffic control project, Commercial Bank AG, Tom Tom – application related to mapping system.
- Emanuele founded many companies such as Beestar – the only user-friendly smart device in the IoT ecosystem, seamlessly integrating with any vehicle to provide streamlined services to drivers and business fleet owners. GoSparc BV – the Connected Vehicle device allows organizations to deploy their own innovative solutions, free of all hardware costs.
- Emanuele entered the Crypto market when he founded Web3 Ventures and UNL – a decentralized micro-location protocol for addressing, navigation and location-based services.
- By January 2018, Emanuele started building Dusk Network.
Fulvio Venturelli: Founder & Director
- Fulvio earned a bachelor’s degree in IT Engineering from Sapienza University.
- Fulvio used to work as a software engineer at many different companies such as Amazon.com, Excite Italia, Torrington Interactive, TomTom,…
- Fulvio started UNL, Web 3 Ventures with Emanuele.
Tokenomics
Information about Dusk Network tokens
- Token name: Dusk Network
- Code: DUSK
- Blockchain: Ethereum
- Token classification: ERC 20
- Contract: 0x940a2db1b7008b6c776d4faaca729d6d4a4aa551
- Total supply: 1,000,000,000
Token Allocation & Release
Update…
Exchanges
DUSK is traded on many platforms such as Binance, BingX, Bitget, MEXC, Gate.io,…
Project Information Channel
Summary
Dusk Network is a Blockchain platform aimed at users who are businesses and organizations. Hopefully through this article, everyone can understand more about what Dusk Network is?
