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Re: stockvaper post# 1328

Wednesday, 04/28/2021 10:23:29 AM

Wednesday, April 28, 2021 10:23:29 AM

Post# of 1836
Dusk Network: the Privacy Blockchain for Financial Applications

FAST & CONFIDENTIAL TRANSACTIONS
Strict on-chain data privacy via Zero-Knowledge proofs

A distributed Financial Market Infrastructure (dFMI) should provide clear and final settlement of transactions. Moreover, the settlement of transactions should be instant or near-instant (<15s). The popular Proof-of-Work consensus mechanism used by Bitcoin and Ethereum does not address these requirements.

Therefore, we designed a more performant consensus called Proof of Blind Bid to preserve privacy in the network, and directly settle transactions within 15 seconds.

Powered by Zero-Knowledge technology, organizations use Dusk Network to issue tokens that are governed by privacy preserving smart contracts. Harnessing the power of DLT while respecting confidentiality agreements, and data protection legislation.


https://dusk.network/
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