Not a fork or a copy, Dusk is custom-built to meet the needs of financial institutions and users, and open up the crypto sandbox to allow regulated finance and #RWAs to come on-chain, at scale.
Real-world assets are not all about the tech, they require partnerships, compliance, and licenses.
It's relatively simple to write a smart contract to tokenize #RWAs, using blockchain as a receipt of the transaction. But much like NFTs, where the transaction is on-chain but the image still exists in a centralized server, merely tokenizing RWAs just puts part of the process on-chain.
At Dusk, we are building a protocol capable not only of tokenizing RWAs, but natively issuing them. That means the whole thing is on-chain. The asset, the end-to-end process. Everything.
This is where our partnership with @npex comes in.
Together, we are putting a stock exchange on-chain. With their MTF license (not easy to get!), NPEX is able to issue all kinds of RWAs like stocks and bonds and will do that on $DUSK.
This is why the partnership and our CEO @Autholykos being appointed as their CTO, are so important and open so many doors.
An advantage of adhering to EU regulations is how strict and robust they are, meaning that being EU-compliant makes it easier to comply in other regions.
As more jurisdictions clarify their blockchain regulations - often looking to the EU for inspiration - Dusk can offer a solution that not only revolutionizes finance but that is compliant and, therefore, usable around the world.
Featuring additional information like the size of the largest node cluster and its location, the block explorer gives you easy access to information about the blockchain.
Basics ✅ L1 blockchain using #ZKPs for privacy and compliance for #RWAs ✅ Partnered with NPEX stock exchange in The Netherlands to natively issue - not just tokenize - regulated assets ✅ One of the most active development teams
Use cases Natively issue regulated assets on-chain resulting in: 🤝 Instant settlement (not days) 🤝 No more fragmented liquidity 🤝 Reduced barriers to entry for investors 🤝 Reduced costs and complications
Why this matters ⭐️For users, finance is complicated to access and excludes investors
⭐️ For institutions, their operating costs are expensive, slow, and complicated.
⭐️ For blockchain protocols, they need a compliant chain to host their dApp.
We're pleased to share the release and update of the web wallet and block explorer.
The web wallet will see ongoing iterations, feature rollouts, and improvements. Our team is testing and adding features to deliver the best wallet for you.
Check out the wallet and explorer via the links below.
Updates to and feature of the wallet - First integration with w3sper.js for syncing and transactions - Moonlight and Phoenix transactions are supported - Localhost support added - New caching layer - Transaction history disabled until w3sper.js support is added - Staking is disabled until w3sper.js support is added https://t.co/8V1ZNX75vL
Updates to the explorer - UI Overhaul - Localhost support added - Chain ID detection - Provisioners page added
Our testnet, Nocturne, is growing with 212 active node provisioners! Thank you to everyone who is running a node and participating in this testing phase.
To run a node and get started, check out the docs. https://docs.dusk.network/operator/overview