Dusk Network hosted a Twitter Space to talk about how all the different parts of Dusk Network fit together: from zero-knowledge proofs to RegDeFi, tech, and the overall vision.
Host and co-founder Emanuele Francioni was joined by multiple department heads representing the different components of Dusk. As experts in their field, they shared valuable insights on the different aspects of Dusk Network and what they aim to achieve in the future.
Marta Bellés Muñoz, Head of Research, kicked off the Twitter Space by explaining that Dusk Network uses zero-knowledge cryptography for privacy and smart contracts. She clarified that Dusk uses a UTXO-based model to keep balances private, and the goal is to allow for private and secure transactions on the Dusk Network. Eduardo Leegwater Simões, Dusk’s Cryptographer, then explained Rusk, the component in Dusk that processes transactions and executes them in a block. He explained that Rusk manages state efficiently to avoid space wastage, and he also emphasized the importance of state mutation.
Emanuele Paterna, Dusk’s Software Developer, then discussed the importance of finality for transactions and the consensus algorithm that provides instant finality, called succinct attestation, and elaborated on the European Union's requirements for project token offerings. Ryan King shed light on the recently released guidelines for the creation of a digital identity in the European Union and argued that regulations can be beneficial for economic activity.
Kieran Hall then highlighted the importance of user experience (UX) in Dusk and the development of a user interface for the web wallet. He explained that they are building a keystone library and a component ecosystem to develop consistent applications for the Dusk blockchain.
Finally, Dusk's co-founder Emanuele Francioni talked about the vision of Dusk Network and emphasized the importance of our mission of giving users direct control over their assets, including real-world assets like securities, through the Dusk Network. He explained that users currently need to rely on brokers to trade and handle these assets, but Dusk aims to provide a global ledger where liquidity is consolidated and users can exercise direct control over their assets within the legal framework baked into the protocol.
In summary, the Dusk Network Twitter Space discussion covered a wide range of topics related to the network's vision, mission, and the potential of Dusk Network to create a more inclusive and decentralized financial system. Our experts elaborated on the importance of privacy, scalability, finality, user experience, and the return of direct control to users over their assets.
For more insights, listen to the full conversation here:
February 16, 2023