Dusk update: DUSK Live price, price chart, news and markets

The DUSK price update as of now is $0.04608. In the previous 24 hours, its trading volume was $5,335,193, and its value has decreased by -0.69%. As of now, DUSK's live market cap is $16,619,841, and it is ranked as the #715 on the Coincu. DUSK has a circulating supply of 500,000,000 and a maximum supply of 500,000,000.

Discovering Dusk Network

The blockchain platform known as Dusk Network is an innovative solution that focuses on developing digital financial applications prioritizing both privacy and auditability. By utilizing a custom consensus mechanism and cryptography, Dusk Network ensures optimal security. Its objective is to transform the financial market by eliminating intermediaries and streamlining automated transactions.

The Distinctive Aspects of Dusk Network

Dusk Network has been specifically designed to cater to three major use cases: payments, digital asset transfer, and peer-to-peer transactions. The platform offers a range of key functionalities:

• Ensuring the smooth operability and continuity of cryptocurrency transactions.
• Simplifying secure data transfer within offline file transfer systems.

Developers using Dusk Network have the ability to implement an anonymous file transfer system where users can transfer files without revealing their identities. However, users are required to register in the system and take complete responsibility for the contents of the files they share. To protect privacy, Dusk Network provides anonymous addresses, anonymous transactions, and specific encryption of IP addresses.

The Benefits of Embracing Dusk Network

• Rapid Transaction Speed: Dusk Network ensures swift transactions, completing them within seconds, thereby eliminating the need for block confirmation.
• Enhanced Privacy: Dusk Network effectively utilizes Zero Knowledge Cryptography technology, guaranteeing programmable privacy even on a public blockchain.
• Scalability: The Proof of Blind Bid consensus algorithm employed by Dusk Network enables high throughput, easily accommodating businesses of all sizes.
• Security: Dusk Network provides a dependable and secure network for dApp developers.
• Substitutability: The distribution of voting power among all validators in the Dusk Network enables anyone to participate in the consensus.
• Decentralization: Dusk Network prevents resource centralization from Staking Pools, actively encouraging new participants to join the consensus.

The Core Elements of Dusk Network

Dusk Network's Virtual Machine - Rusk

Rusk serves as a virtual machine, empowering developers to program smart contracts, power dApps, and easily set compliance parameters. It holds the distinction of being the world's first Zero Knowledge - Virtual Machine (ZK-VM) application, entirely based on Zero Knowledge Cryptography.

Dusk Network's Zero Knowledge - PLONK

Dusk Network implements Zero Knowledge - PLONK to ensure secure and confidential transactions for businesses operating on the platform.

Dusk Network's Fast Immutable Data - Kelvin

Kelvin serves the purpose of accelerating the storage of immutable data within Dusk Network. It stands out as an exceptionally fast and unique Merkle Tree toolkit that optimizes data structure modeling.

Dusk Network's Proof of Blind Bid

Dusk Network relies on the Proof of Blind Bid consensus mechanism, an upgraded version of Proof of Stake. This algorithm enhances network security through its dual node structure: Block Generators and Provisioners.

Dusk Network's Token - DUSK

In the Dusk Network ecosystem, businesses employ DUSK tokens to pay for network services, including the deployment and execution of smart contracts, as well as the transfer of security tokens based on DUSK or XSC. Network nodes are rewarded with DUSK for their bandwidth, verification, and storage contributions.

Roadmap for Dusk Network

For an in-depth overview of the Dusk Network roadmap, please visit this link.