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Dusk Network has just released its fourth transparency report in which it underlines the strong financials that will enable the company to continue its cutting-edge development in fully compliant, private and decentralised finance.
Despite a crushing bear market, Dusk Network has forged ahead on a road to long-term growth, all the while adapting to the fast-changing regulatory environment for cryptocurrencies.
Fast becoming one of the leaders for developing a privacy-focused blockchain for financial assets, Dusk Network’s breakthrough Zero-Knowledge Proof technology is set to revolutionise financial markets into the 21st century.
Daybreak Public Testnet launches successfully
With the launch of the Daybreak testnet, the public can now interact with and learn more about the technology in place. Those who are tech-savvy can install the CLI wallet and start executing transactions.
The testnet includes three major technical break-throughs in the form of PlonK, the lightning-fast zero-knowledge technology, Succinct Attestation, which delivers settlement finality through a unique proof-of-stake consensus mechanism, and the RUSK Confidential Smart Contract platform which enables anyone to program privacy-enabled smart contracts.
Focus on business development and marketing
Given Dusk Network’s aim of scaling up to support its growth, the team is looking to make new hires in the areas of business development and marketing. The whole team has been working remotely since the onset of the pandemic, and now get-togethers are planned for four times per year.
As already mentioned, the Dusk Network Daybreak foundation phase of the roadmap is currently being implemented and tested.
Daylight is the next phase of development. Here the focus is on decentralisation, and a gradual move towards a more community-run network that has less and less dependence on Dusk Network.
The team expects a lot of bugs as the network transitions to far greater decentralisation. This is welcomed, given that the more patches and fixes that are made as more issues come to light, the stronger and more secure the network will become.
After Daylight comes Alba, with the power of smart contracts. The Confidential Token Standard (XC) will come into play, and a development toolkit will be released that will enable developers to easily deploy confidential tokens.
The final phase for the time being on the Dusk Network roadmap is the Aurora security tokens and applications stage. Aurora will harness the power of Zedger, a cutting edge model for security token transactions. Zedger will allow the development of regulated financial products that include both privacy and regulatory compliance features.
Download the full Dusk Network Report 2022 here.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Investment Disclaimer