Dusk Network is a layer-1 blockchain that empowers privacy and the Secret Security Contract (XSC) standard for financial applications, supporting native confidential smart contracts.
What Is Dusk Network (DUSK)?
Dusk Network aims to meet the needs and requirements of financial markets. At its core, it features a scalable public infrastructure, direct consensus finality of transactions, and robust data privacy.
Dusk Network boasts three key features:
- Direct Payment Finality: A Distributed Financial Market Infrastructure (dFMI) must ensure the net and final settlement of transactions. In Dusk Network, transactions are fast, taking seconds to complete, with instant on-chain finality.
- Privacy: Dusk Network provides complete user privacy and mandates strict compliance requirements while maintaining data privacy for decentralized applications and third parties. This significantly reduces costs by enhancing the ability to execute processes on-chain.
- Public: Users don’t need the approval of a trusted authority to use the Dusk Network blockchain. Additionally, only minimal computational power and reasonable IT resources are required to participate. All DUSK token holders can participate in consensus.
Utilizing an operational model called Phoenix, Dusk Network focuses on bringing privacy and anonymity to both transactions and smart contracts. Furthermore, Dusk Network’s distributed tokens can be built on top of Zedger, a hybrid privacy protection model based on Phoenix, especially designed for security tokens.
Moreover, DUSK tokens can serve as a utility token for initiating transactions, atomic swaps, or deploying smart contracts. DUSK can also be staked for consensus participation and serves as a means of exchanging value in DUSK. The team plans to expand DUSK’s use cases by adding them to an on-chain governance system in the future.
At the time of writing, Dusk Network Coin is trading at $0.2118, with a 0.000004477 BTC trading pair. According to CoinMarketCap data, it ranks 311th with a trading volume of $77,976,513 USD, and the 24-hour trading volume is $5,674,714 USD.
Furthermore, DUSK Coin reached its all-time high at $0.6148 on July 22, 2019, and hit its lowest point at $0.0110 on March 13, 2020. Currently, there are 368,084,806 DUSK Coins in circulation, with an expected maximum supply of 1,000,000,000 DUSK Coins.
Where to Buy DUSK Coin?
DUSK Coin can be purchased quickly and securely through the world’s largest cryptocurrency trading platform, Binance, in terms of trading volume.
To buy DUSK Coin, you need to first register with Binance and then deposit fiat currency, such as USD. After making the fiat deposit, you can purchase DUSK by trading it against Tether (USDT) or Bitcoin (BTC) in the DUSK trading pair.
In addition, on Binance, users can place buy orders not only at the market price but also at a lower price. To do this, simply use the Limit tab and enter the amount you want to buy and the price at which you want to buy.
