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Cryptocurrencies:  5,713Markets:  23,135Market Cap:  $274,322,143,74724h Vol:  $61,572,888,570BTC Dominance:  62.2%
Market Cap:  $274,322,143,74724h Vol:  $61,572,888,570BTC Dominance:  62.2%Cryptocurrencies:  5,713Markets:  23,135

Dusk Network (DUSK)

$0.037041 USD (-2.74%)
0.00000400 BTC (-3.03%)
0.00015305 ETH (-4.22%)
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  • Market Cap
    $9,635,466 USD
    1,041 BTC
    39,814 ETH
  • Volume (24h)
    $593,955 USD
    64.15317227 BTC
    2,454 ETH
  • Circulating Supply
    260,130,406 DUSK
  • Total Supply
    500,000,000 DUSK

About Dusk Network

What is Dusk Network?

Dusk Network describes itself as a blockchain for programmable and confidential securities, powered by Zero-Knowledge proofs and novel Private PoS leader extraction-based consensus protocol. Dusk Network is a privacy blockchain for financial applications. It is a layer-1 blockchain that powers the Confidential Security Contract (XSC) standard, and supports native confidential smart contracts.

Dusk Network aims to address the requirements and needs of financial markets. Central to its design is a scalable public infrastructure, direct settlement finality of transactions, and strict data privacy.

  • Direct settlement finality. A distributed Financial Market Infrastructure (dFMI) should provide clear and final settlement of transactions. On Dusk Network transactions are fast, take seconds to complete, and achieve immediate on-chain finality.
  • Privacy. Dusk Network provides full user privacy and enables decentralized applications and third-parties to adhere to strict compliance requirements whilst still offering data privacy. This increases the ability to perform business processes on-chain, leading to significant cost reduction.
  • Public. Users do not need the approval of a trusted authority to use the Dusk Network blockchain. Besides, only minimal processing power and modest IT resources to join. All users who possess the DUSK token can participate in the consensus.

How does it work?

Through the use of a transactional model called Phoenix, Dusk Network focuses on bringing privacy and anonymity to both transactions and smart-contracts. Additionally, tokens deployed on Dusk Network can build on top of Zedger, a hybrid privacy-preserving model based on Phoenix, specifically modeled for security tokens.

The ‘Segregated Byzantine Agreement’ (SBA) consensus mechanism secures the network. According to the team from Dusk Network, SBA is an improvement over the underlying Proof-of-Stake (PoS) mechanism as it combines existing ideas like cryptographic sortition (lottery), stealth time-locked transactions (private stake amounts) and a reputation module to increase the chances of selecting honest nodes and further promote decentralization.

DUSK tokens can be used as a utility token to initiate transactions and atomic swaps, or for the deployment of smart contracts. DUSK can also be staked to participate in consensus and serves as a means of exchanging DUSK-denominated value. In the future, the team intends to expand the use-cases of DUSK by adding it to an on-chain governance system.

Dusk Network was founded in 2018 and is based in Amsterdam, the Netherlands.

Dusk Network Statistics

Dusk Network Price$0.037041 USD
Dusk Network ROI
-81.02%
Market Rank#409
Market Cap$9,635,466 USD
24 Hour Volume$593,955 USD
Circulating Supply260,130,406 DUSK
Total Supply500,000,000 DUSK
Max SupplyNo Data
All Time High
$0.614791 USD
(Jul 22, 2019)
All Time Low
$0.011059 USD
(Mar 13, 2020)
52 Week High / Low
$0.614791 USD /
$0.011059 USD
90 Day High / Low
$0.040317 USD /
$0.017058 USD
30 Day High / Low
$0.040317 USD /
$0.027101 USD
7 Day High / Low
$0.040317 USD /
$0.030671 USD
24 Hour High / Low
$0.039727 USD /
$0.036658 USD
Yesterday's High / Low
$0.040241 USD /
$0.037607 USD
Yesterday's Open / Close
$0.038321 USD /
$0.038693 USD
Yesterday's Change$0.000372 USD (0.97%)
Yesterday's Volume$715,646 USD
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