What is Dusk Network? Dusk Network describes itself as a blockchain for sensitive and programmable values, powered by zero-knowledge evidence and a new mining-based consensus protocol from the private PoS leader. Dusk Network is a privacy blockchain for financial applications. It is a Tier 1 blockchain that powers the Confidential Security Contract (XSC) standard and supports native confidential smart contracts. Dusk Network aims to meet the requirements and needs of the financial markets. At the heart of its design is a scalable public infrastructure, direct settlement purposes, and strict data privacy. Purpose of direct settlement. A distributed financial market infrastructure (dFMI) must provide clear and definitive settlement of transactions. On the Dusk Network, transactions are fast, taking seconds to complete and serving an immediate purpose on the chain. Dusk Network offers complete user privacy and allows decentralized applications and third parties to adhere to strict compliance requirements while offering data privacy. This increases the ability to execute on-chain business processes, leading to significant cost reduction. Users do not need the approval of a trusted authority to use the Dusk Network blockchain. Furthermore, it can only be met with minimal processing power and modest IT resources. All users who own the DUSK token can participate in the consent. How does it work? By using a transactional model called Phoenix, the Dusk Network focuses on bringing privacy and anonymity to both transactions and smart contracts. Additionally, tokens distributed on the Dusk Network may be based on Zedger, a hybrid Phoenix-based privacy-preserving model modeled specifically for security tokens. The "Segregated Byzantine Agreement" (SBA) consensus mechanism protects the network. According to the Dusk Network team, SBA is an improvement over the underlying Proof-of-Stake (PoS) mechanism, as it combines existing ideas such as crypto sorting (lottery), time-limited 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 utility tokens to initiate transactions and atomic swaps, or to implement smart contracts. DUSK can also be staked to participate in consensus and serves as a means of exchanging value called DUSK. In the future, the team plans to expand DUSK's use cases by adding it to a chain governance system. Dusk Network was founded in 2018 and is based in Amsterdam, the Netherlands.