What is Dusk Network? Aiming to attract institutional investors, Dusk Network (DUSK) is a blockchain for the privacy-focused that tokenizes securities. In this article, you can find answers to frequently asked questions such as what is Dusk Network, what it offers, what is DUSK coin, how to get it, what is it used for. As Kriptokoin.com, we have compiled it for our curious readers.
What is Dusk Network? What does DUSK offer?
Dusk Network is a high-privacy blockchain project for securities and financial applications. The project aims to be a platform that does not contain the problems of the Proof-of-Work consensus mechanism. In addition, it aims to solve the needs and needs of financial markets and businesses through blockchain technology. DUSK is a layer-1 blockchain and supports native secret smart contracts. Eliminates the need for middlemen, thanks to the Confidential Security Standard (XCS). Users can perform transactions in a completely anonymous form, thanks to the project’s transaction model called Phoenix.
The platform provides high scalability, instantly verified transactions, and high data privacy to address these needs. It also allows securities to be tokenized. Users can use Dusk Network for fast tokenizations. The platform publishes a monthly e-bulletin. Users who subscribe to this newsletter can learn detailed information about the platform and how they can benefit from blockchain technology. In addition to all these, the platform also offers betting games. Interested users can earn income by placing bets.
What is DUSK? What is it used for?
The native cryptocurrency of the Dusk Network project is DUSK coin. The token is used to deploy smart contracts within the platform. Dusk also has several use cases for token holders. Users can use DUSK coin to tokenize securities. It is necessary to have DUSK in order to participate in betting games or to subscribe to the monthly e-bulletin. In addition, users who have DUSK in their wallet can perform transactions completely anonymously. They can take advantage of the speed and privacy features offered by the platform.
At the time of writing, DUSK token was the 277th largest cryptocurrency with a market cap of $194.7 million. 399 million of the tokens were in circulation, with a maximum supply limited to 1 billion.
What are the advantages?
- DUSK holders have the advantage of tokenizing their securities over the network.
- Users of the network benefit from high transaction speed for transfers, smart contracts and investments made through tokens. The network validates and completes transactions in seconds.
- The network has smart contracts used for high data privacy. Users can transact anonymously through these smart contracts.
- There has been an abnormal amount of DUSK coin inflows to crypto exchanges in the past weeks.
What are the disadvantages?
- Dusk project provides services such as confidential smart contracts and deposit assurance to institutional investors. Presenting these features to institutions and businesses drives away the individual investor.
How to get DUSK coin?
Dusk Network’s native cryptocurrency is supported by many crypto exchanges. Dusk coin is currently listed by Binance, Gate.io and Bitfinex. Users who fully subscribe to one of these exchanges and deposit money into their wallets can purchase the token.
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