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DUSK, as the ecosystem token of this blockchain, plays a central role in network maintenance, governance voting, and incentive distribution. Simply put, it aims to build a truly decentralized, privacy-preserving blockchain network.
How to ensure privacy in transactions and contracts? This is the core technology of the Dusk Foundation. They use a dual approach of "mixing coins + encryption"—mixing multiple transactions together and applying elliptic curve encryption to directly cut off the possibility of fund tracing. Even more impressive, transaction amounts are protected with homomorphic encryption, making the amounts invisible, and information leakage is virtually impossible.
The smart contract domain is even more interesting. Traditional contract code and data are fully transparent, which is completely unusable for business purposes. Dusk's solution is to encrypt both code and data, accessible only to authorized parties. For example, in insurance claims, patients upload encrypted medical data, and the contract automatically runs logic verification to determine if a payout is due, all without intermediaries, ensuring privacy and improving efficiency.
In terms of implementation, the team has already established collaborations with supply chain and financial institutions. Governance adopts a DAO model, allowing token holders to participate in protocol upgrade decisions. While challenges such as regulation and technological adoption exist in the privacy sector, the demand is clear. The Dusk Foundation's technological advantages are evident, making it very likely to become a leading player in this field.