Recently, I have been following the Dusk project, which has been laying out since 2018, specifically addressing core pain points in the financial sector. Basically, it aims to build a public chain that can both protect privacy and meet compliance requirements.

Its approach is quite interesting. It adopts a modular architecture, allowing developers to flexibly combine components, whether for institutional-grade applications or asset tokenization. This design philosophy is indeed forward-looking, providing more room for traditional financial players who want to enter the space.

In my opinion, the most challenging part is actually finding the balance between privacy protection and auditability. Dusk’s solution is to enable transaction details to be encrypted and protected, while still allowing necessary regulatory scrutiny. This is a real necessity for modern finance—after all, no institution is willing to abandon risk control in pursuit of pure anonymity.

Because of this feature, it has a particular advantage in building compliant DeFi products. Institutions and individuals can operate on the same network, ensuring both security and trust. Honestly, this might really be the hurdle that DeFi needs to cross to go mainstream.

You can see this from the ecosystem. Various applications are gradually growing within it, with use cases like digital securities and private payments being experimented with. The richer the application scenarios, the better it can verify whether this architecture is truly practical.

In terms of security, Dusk has always regarded it as a cornerstone from the start. Its consensus mechanism and privacy technologies have undergone repeated validation and testing, with considerable considerations for asset protection and data security. The community’s feedback on this approach has generally been positive; many have been waiting for a financial network that combines privacy with compliance. This enthusiasm itself is a driving force.

Overall, Dusk is on a very promising track. Whether it can truly succeed depends on ecosystem development and application implementation, but the direction looks quite right.