[ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities!

[kraterion]

is there any master node/super node going to be there for DUSK network? Is there any details or reward structure planned?

Dusk utilizes two kind of nodes;

Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery.

Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional

The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI.

That is, if I want to receive a stable income, then I need to become a provisioners node?
And if I do not have enough money to run myself I’m have to compete for power like everyone else? Is not it possible to endanger the whole network and increase the chance of attack by 51%?

this looks like something like a DPoS chain where, delegates are Provisioners but in this case Blocks generation isn't a delegate's task but there other light nodes doing that. I've yet to understand why is more efficent then a DPoS system

[king_of_alts]

is there any master node/super node going to be there for DUSK network? Is there any details or reward structure planned?

Dusk utilizes two kind of nodes;

Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery.

Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional

The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI.

That is, if I want to receive a stable income, then I need to become a provisioners node?
And if I do not have enough money to run myself I’m have to compete for power like everyone else? Is not it possible to endanger the whole network and increase the chance of attack by 51%?

this looks like something like a DPoS chain where, delegates are Provisioners but in this case Blocks generation isn't a delegate's task but there other light nodes doing that. I've yet to understand why is more efficent then a DPoS system

It is an interesting and new approach as far as I understand it. Splitting the creation and validation...

[Amelie Poulain]

is there any master node/super node going to be there for DUSK network? Is there any details or reward structure planned?

Dusk utilizes two kind of nodes;

Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery.

Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional

The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI.

That is, if I want to receive a stable income, then I need to become a provisioners node?
And if I do not have enough money to run myself I’m have to compete for power like everyone else? Is not it possible to endanger the whole network and increase the chance of attack by 51%?

this looks like something like a DPoS chain where, delegates are Provisioners but in this case Blocks generation isn't a delegate's task but there other light nodes doing that. I've yet to understand why is more efficent then a DPoS system

It is an interesting and new approach as far as I understand it. Splitting the creation and validation...

It's looks like most secure and thoughtful option, but I think that for the project it will take some time to test all the bugs before launching the platform.

[o48o]

is there any master node/super node going to be there for DUSK network? Is there any details or reward structure planned?

Dusk utilizes two kind of nodes;

Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery.

Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional

The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI.

"The intention is for normal mobile devices to be able to run as a node within the network"... So, you are telling me that i could run a node with my smartphone?

[bitcoin-shark]

It looks good thanks! How could I invest? I have btc. What should I do?

The sale is done through private placement only. We are selling 250M Dusk for 7.8M USD. This is 50% of the supply. We will consider 100 ETH minimum investments. Please e-mail pledge@dusk.network with your sales proposal. Dusk will give preferential treatment to buyers who have a clear value add to the Dusk Network and its development.

SO you will dont have public sale? 7,8 it was a hrdcap or you didnt sell all tokens? At which exchanges and when tokens will be trading?

Correct, we will not do a public/crowdsale. We are selling all of our tokens in private sale only. We can not conclude any information about potential exchange listings.

Private sale still alive or finished? This is for big companies and institutional investors or which requiments here for participiate?

so the project seems oriented only towards to the big investors, and to a fundraising in the form of private sale, i hope however further in time there will be a chance to partecipate even for small investors...

[Aximetria]

Not really clear how it works

[king_of_alts]

is there any master node/super node going to be there for DUSK network? Is there any details or reward structure planned?

Dusk utilizes two kind of nodes;

Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery.

Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional

The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI.

"The intention is for normal mobile devices to be able to run as a node within the network"... So, you are telling me that i could run a node with my smartphone?

I don't know how this could possibly work. Your phone would never be allowed to pause the app in the background and it would drain the battery quite fast I assume,

[DuskNetwork]

Great project, I'm Lucky to be a part of this project

Your support is greatly appreciated

[DuskNetwork]

Private sale still alive or finished? This is for big companies and institutional investors or which requiments here for participiate?

The private sale will end by the end of September. If you're interested please email pledge@dusk.network 

[DuskNetwork]

I wonder if businesses who deal with such sensitive data that they need to have a high degree of anonymity and security are interested in buying technology or prefer to roll their own. Because if their standards are that high they need to audit the code, which might be just as much work as creating it.

Also, if they cannot audit the code they need to trust a black box, which is a security flaw. If they can audit the code, they can also copy the code, and if it is any good, sell it by themselves.

Code as well as any IP developed will be released open source under MIT license. The code is developed together with research organizations in the context of an official research project and run accordingly. Research institutions have a business model that revolves around certifying the absolute correctness of a technology. Any release of code is thus a stamp of approval that the technology is audited, and up to standard.

The reason for this approach is that open sourcing work in progress incurs the risk of implicitly putting their names (of the research institutes) behind something that is not completely stable nor working and might be affected by bugs or problems. They don’t want this risk. The Dusk Network is the object of advanced research by official national institutions and as such we will, on the one hand, avail of the official stamp of approval of these organizations that are tackling the most delicate part of development, on the other hand we are bound by their timelines to release code opensource.

[DuskNetwork]

That is, if I want to receive a stable income, then I need to become a provisioners node?
And if I do not have enough money to run myself I’m have to compete for power like everyone else? Is not it possible to endanger the whole network and increase the chance of attack by 51%?

We basically create a node economy where nodes compete for block rewards, and provisioners earn a steady ROI. However, since power and financial incentives are inversely related, a higher stake than the minimum required will only increase your %% but decrease relative rewards, meaning that you are forced to decentralize for maximum financial gain. This system is novel (new) and guarantees that the network decentralizes and that power does not end up in the hands of a few.

[DuskNetwork]

this looks like something like a DPoS chain where, delegates are Provisioners but in this case Blocks generation isn't a delegate's task but there other light nodes doing that. I've yet to understand why is more efficent then a DPoS system

By using Proof-Of-Blind (Dusk's consensus mechanism) to provide the sybil attack resilience of PoS with anonymity;  segregating the operations of block-generation and validation/voting/notarization to make it possible to create the first economy resistant to centralised pooling attempts (which is a problem with PoS in general, DPoS is just a variation of PoS nodes are even more centraliseds to a delegated few).

Dusk's consensus mechanism has built in resistence (on the protocol level) against the attack vectors commonly talked about in literature on PoS, namely:

1) nothing-at-stake attack - in summary it is the problem with (d)PoS systems where nodes don't lose anything from behaving badly, they lose nothing by forking the chain as they will receive both coins on both chains if a fork happens. Note: this problem does not exist with Proof-of-Work (PoW) as the miner gets the most reward from being on the correct chain as that is where their hashing power lies, and;

2) long-range-attacks -  because of its voting system that is built into the Dusk blockchain and is being engineered to avoid chain divergence.

[viljy]

is there any master node/super node going to be there for DUSK network? Is there any details or reward structure planned?

Dusk utilizes two kind of nodes;

Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery.

Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional

The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI.

"The intention is for normal mobile devices to be able to run as a node within the network"... So, you are telling me that i could run a node with my smartphone?

I don't know how this could possibly work. Your phone would never be allowed to pause the app in the background and it would drain the battery quite fast I assume,

I wonder then how much it makes sense if the smartphone battery will discharge faster?
"Block generation is a computationally light task" - is it done with the purpose of network decentralization?

[o48o]

is there any master node/super node going to be there for DUSK network? Is there any details or reward structure planned?

Dusk utilizes two kind of nodes;

Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery.

Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional

The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI.

"The intention is for normal mobile devices to be able to run as a node within the network"... So, you are telling me that i could run a node with my smartphone?

I don't know how this could possibly work. Your phone would never be allowed to pause the app in the background and it would drain the battery quite fast I assume,

I wonder then how much it makes sense if the smartphone battery will discharge faster?
"Block generation is a computationally light task" - is it done with the purpose of network decentralization?

That really depends on the code. But only mobile device i can think of that they could mean is the smartphone. And like they said, it's a light task does not require much from the device.

[Makkara]

That is, if I want to receive a stable income, then I need to become a provisioners node?
And if I do not have enough money to run myself I’m have to compete for power like everyone else? Is not it possible to endanger the whole network and increase the chance of attack by 51%?

We basically create a node economy where nodes compete for block rewards, and provisioners earn a steady ROI. However, since power and financial incentives are inversely related, a higher stake than the minimum required will only increase your %% but decrease relative rewards, meaning that you are forced to decentralize for maximum financial gain. This system is novel (new) and guarantees that the network decentralizes and that power does not end up in the hands of a few.

Thank you for explaining this and answe promptly to all the other answer. I'm very interested to see this whole project in action. Maybe you are on the right path to build something of real value here 

[DuskNetwork]

Thank you for explaining this and answe promptly to all the other answer. I'm very interested to see this whole project in action. Maybe you are on the right path to build something of real value here 

Good to have you with us, your support is greatly appreciated!

[Altcoinrusher]

Can your guys publish a comparison of features with other crypto projects that are perceived to be your direct competitors?

[the_donald]

Can your guys publish a comparison of features with other crypto projects that are perceived to be your direct competitors?

yeah that's always helpful for getting lame people onboard....like me

[DuskNetwork]

Can your guys publish a comparison of features with other crypto projects that are perceived to be your direct competitors?

Feel free to check out our FAQ, it contains a comparison sheet! https://dusk.network/faq/

[jonnytracker]

Seen alot of private data project, hope this one does well, i guess its the new project 2.0 ?