Jul 31, 2018
We are building the first blockchain enabled platform that allows for streaming, file transfer and storage, and video/audio conferencing, all paid in crypto and fully decentralized, unsurveilled, and uncensorable. Our roadmap focuses on three main use cases; payments, digital asset transfer, and p2p communication. Especially in the asset transfer area Dusk aims to be the first platform to reconcile the requirements set out by both businesses and individuals with regulatory auditability requirements. This means that our confidentiality and privacy ecosystem will become the perfect, compliant, launching pad for Security Token Offerings (STO’s).
The DUSK Network is a decentralized infrastructure that enables fast, anonymous and secure bi-directional transmission of data among equipotent peers, paid for by a privacy-oriented cryptocurrency: DUSK.1 - DUSK Anonymous Network LayerA gossip oriented communication tier inspired by I2P.2 - Segregated Byzantine AgreementA novel privacy-oriented consensus algorithm vastly more efficient than PoW or PoS.3 - Secure Tunnel SwitchingA protocol allowing cryptocurrency payments for time-unbound and fast data transmission.We conceived the DUSK Network to be the first unrestricted and fully distributed communication network that does not compromise high data-rate transmission capabilities with the security and anonymity of its peers.The system features a new consensus algorithm vastly more efficient than proof-of-work or proof-of-stake called Segregated Byzantine Agreement, and built on top of a low-latency gossip network which utilizes non-repliable datagram and garlic routing in order to prevent IP Address propagation.Finally, the DUSK Network is complemented with an off-online file transfer mechanism and with realtime Dusk payment channel to enable undetectable and fast peer-to-peer data communication through a technique we call Secure Tunnel Switching.
Feasibility - Q3 2017
Inception - Q2 2018
Infrastructure Q4 - 2018
Core - Q1 2019
Rollout - Q2 2019
Confidential Network - Q4 2019
R&D - Q2 2020
Attention. There is a risk that unverified members are not actually members of the team
$1 150 350
It must be noted, that the team desires to work closely with governments in order to reach higher adoption of their technology. It is both a good point (lower risk of being not compliant with the government policy) and an additional risk for investors (to be restricted due to providing privacy opportunities). Competitors are Origo, Skrumble, Loki, Alrorang, Orchid Protocol, Polymath, Mainframe and some others. Dusk Network describes all known competitors and demonstrates good analysis. But we see not so many infrastructural solutions on the market that are upgrading privacy and anonymity. So the market is likely to be capable of all good projects existing. In addition, Dusk has some strong competitive edge - secure broadcasting/calls and STO that may be a strong point for taking the place of Ethereum. It is known that Dusk Network has a partnership with Kryha that provide well-established companies with the blockchain solution. Krysha will help in the strategy EU. We see a strong potential in the market and the Dusk Networks' positioning.
One of the strongest features of the project (Security Token issuing) strongly depends on government regulation of cryptocurrency, that appears to be unpredictable. Designed infrastructure appears to be too complicated for such a fast roadmap - some delays are expected. No prototype available yet.
It is not clear how much will be raised on private sale stage. Lack of strong legal expert - it is essential for the project's plans.
Dusk Network is a promising project that is attempting to address a niche that is still to be suitably fulfilled. In addition, the low hard cap makes this project interesting to investors as they may be able to realise a lot of the potential upside. However, in the current market conditions, nothing is guaranteed and the project can still decrease significantly in value, even with a hard cap of just under $8 million.Furthermore, the Dusk protocol incorporates a comprehensive suite of features that enable app developers and third parties to create their own applications and customize their specific privacy requirements. This highlights the flexibility of the project and sets it apart from other blockchain offerings, however due to the complexity of the project, their security protocols and privacy mechanisms will have to be stringently tested and verified by the greater community. As a result, the first half of 2019 will be crucial with the team set to unveil both their testnet and mainnet by Q2 2019.That leaves potential investors with around 9 months to wait and it will be interesting to see if the team incorporates strategies to incentivize early investors to keep a hold of their DUSK tokens. Furthermore, it currently appears that the team and early advisors will enjoy the highest bonuses and as a result, they will be expected not to “dump” their tokens on the secondary markets.The project is also of a highly technical nature and the focus on secure data transfers and private communications is entirely logical, however the goal of running a security token platform seems out of keeping with the overall message and may result in the team spreading themselves too thin. Still, Dusk is definitely a project to keep an eye on, and if the team can confirm positive token mechanisms and post ICO strategies, then it may present profitable opportunities during a tough period. The ability to secure an EU research grant will also add to the attractiveness as the team will increase the funds at their disposal without having to sell additional tokens after the private-sale.
Dusk Network is laser focused on delivering three key use cases: payments, digital asset transfer, and p2p communication. It will provide an ecosystem that allows for the best tradeoff between privacy and transparency. The market shifting towards the Security Token space will be a great fit with an innately suitable architecture like the Dusk Network.How to learn more about Dusk NetworkThe Dusk Network is a project coordinated by the Dusk Foundation. We are a decentralized ecosystem entirely focused on providing the perfect trade-off between privacy and transparency. Dusk protects privacy and fits regulations in payments, communications and asset transfers.
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