/biz/ - Business & Finance

>>21627749

Dusk is the leading private smart-contract-enabled privacy platform, built with the needs of the trillion dollar securities market in mind (i.e. privacy, programmability, transaction throughput, etc...)

Quoting from the tech lead Emanuele Francioni
>if it comes to compliance+privacy (i.e. primary and secondary market for securitized or confidential assets), yes I would say we are light years ahead of any other distributed ledger technology

And what exactly is that bold claim of being light years ahead of any other DLT based on?
>Our stack has been created from scratch to accomodate compliance (achieved throught encoding rules in smart contracts) and privacy (through our zero-knowledge tools)
>In order to fulfill this vision we had to implement a number of tools that were entirely missing when we started
>Poseidon (developed by our lead cryptographer Dmitry) to solve hashing and merkletree inclusion performance when dealing with zeroknowledge tools
>PLONK (created by Aztec on top of Supersonic and developed by us) to solve the circuit-specificity and the bloat/inefficiencies of zero-knowledge proofs (initially we developed zerocaf on top of Bulletproof for the same reason)
>Kelvin (developed by our core dev Kris) to solve the entanglement of data-structure/DB-backend and immutability of the smart contract storage layer
>Phoenix, to solve smart contract confidentiality, the linking problem and the UTXO incompatibility when spending multiple digital assets
>Zedger (developed by Dmitry and Tog) to solve decentralized auditability of securitized assets
>I am not even touching upon the networking and consensus layer- these are all native technologies within Dusk. So, at the risk of coming across as bragging, I sincerely believe that we are pioneering a new breed of DLT

Let me repeat again for the noobs entering this thread:

THERE IS NO OTHER PLATFORM OUT THERE THAT COMBINES PRIVACY FROM THE GROUND UP WITH SMART CONTRACT CAPABILITIES.

DUSK is a private blockchain by definition. All other big public blockchain platforms attempting to pivot towards the privacy usecase (Ethereum, Tezos, etc...) to attract industry players are making severe tradeoffs in order to try to tack on 'privacy' to their platforms.

Quoting tech lead (pic related, also feel free to confirm all of these quotes on TG):
>the fact that Ethereum’s ledger is public, makes it hard to bake privacy in, resulting in a series of inefficiencies, incompatibilities, tradeoffs and fragmentation of approaches that Dusk simply does not have.
>Our smart contacts are natively using zk. Our tx model provides unlinkabikity by default. Our VM provides storage with (zk-friendly) scalar and binary representation, out of the box. We have but one standardized approach to confidential assets. We provide but one proof system with a universal setup the entire stack is highly optimized for, and is immediately usable by the smart contract developers who do not need to reinvent the wheel everytime. Even confidential spending of public outputs (gas, rewards, etc) is supported out of the box
>And, of course, our consensus enables the capability to stake in a privacy-oriented manner through the proof-of-blind-bid