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

[lobat999]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

they must be really confident to do that. and raising the cap is an interesting move.

As with previous history of ICO's, most projects with big bonus schemes don't help the project / token at all especially with regards to its price. So it a wise decision to not implement it.

[wissy]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

they must be really confident to do that. and raising the cap is an interesting move.

Yes, this is something I have never seen before. It raises the hardcap as you mentioned and in times like this such decision means they are very confident in the project.

Too much confidence increases the risk of failure but they are well known people in their areas so i don't think it can be an issue for dusk.

I think they are already calculate the risk and with such decision I am sure they do believe that the project will run as planned based on their evaluations.

I hope they know what they are doing and they thoroughly considered all the risks. Because such decision can have some bad consequences.

[Frank37]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

they must be really confident to do that. and raising the cap is an interesting move.

Yes, this is something I have never seen before. It raises the hardcap as you mentioned and in times like this such decision means they are very confident in the project.

Too much confidence increases the risk of failure but they are well known people in their areas so i don't think it can be an issue for dusk.

I think they are already calculate the risk and with such decision I am sure they do believe that the project will run as planned based on their evaluations.

I hope they know what they are doing and they thoroughly considered all the risks. Because such decision can have some bad consequences.

Yes I hope so too. You cant calculate such risks unless you already have enough investors with solid commitments.

[levyashin]

Is Dusk have a own blockchain? And is Dusk have a protocol masternode?

Yes Dusk will have own blockchain and it will have two type of nodes: (just quoting the community manager here)

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.

I wonder how much do we need to spend on ico to make our own masternode and get passive income.

[the_donald]

Is Dusk have a own blockchain? And is Dusk have a protocol masternode?

Yes Dusk will have own blockchain and it will have two type of nodes: (just quoting the community manager here)

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.

I wonder how much do we need to spend on ico to make our own masternode and get passive income.

maybe they should post such calculations so people can associate and buy their own masternode.

[bitcoin-shark]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

they must be really confident to do that. and raising the cap is an interesting move.

Yes, this is something I have never seen before. It raises the hardcap as you mentioned and in times like this such decision means they are very confident in the project.

i think they did it because they received investments in the private sale beyond their expectations so given the high investor interest in the project they prolonged the private sale and raised the hard cap, i think they did well, the project will be successful...

[o48o]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

they must be really confident to do that. and raising the cap is an interesting move.

Yes, this is something I have never seen before. It raises the hardcap as you mentioned and in times like this such decision means they are very confident in the project.

There has been some ico projects without bonuses in the past. The one thing they had in common that people invested just in the last minutes, or on the last day, not before They were not private sales though.

[aveon]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

they must be really confident to do that. and raising the cap is an interesting move.

Yes, this is something I have never seen before. It raises the hardcap as you mentioned and in times like this such decision means they are very confident in the project.

There has been some ico projects without bonuses in the past. The one thing they had in common that people invested just in the last minutes, or on the last day, not before They were not private sales though.

Well, I hope they are not just pretending to be THAT sure in their creation, and there are definite reasons for their confidence.

[traveler007]

I know a lot of private coins already (Dash, Monero, Zcash, Spectrecoin, Deeponion). What advntages you offer before this coins?

[ParRus]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

they must be really confident to do that. and raising the cap is an interesting move.

Yes, this is something I have never seen before. It raises the hardcap as you mentioned and in times like this such decision means they are very confident in the project.

There has been some ico projects without bonuses in the past. The one thing they had in common that people invested just in the last minutes, or on the last day, not before They were not private sales though.

Well, I hope they are not just pretending to be THAT sure in their creation, and there are definite reasons for their confidence.

Do you think what they already have private investors with whom this project anyway will be launched? I also think that they should have reasons for such confidence in success.

[loup]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

they must be really confident to do that. and raising the cap is an interesting move.

Yes, this is something I have never seen before. It raises the hardcap as you mentioned and in times like this such decision means they are very confident in the project.

There has been some ico projects without bonuses in the past. The one thing they had in common that people invested just in the last minutes, or on the last day, not before They were not private sales though.

Well, I hope they are not just pretending to be THAT sure in their creation, and there are definite reasons for their confidence.

Giving big bonuses many times causes that some investors sell their tokens quickly causing a price drop. So I think it's a way to guarantee the value of token.

[Rigorous]

I was just checking out the Dusk Github organization and noticed it has 4 members. Now I see there is also a new blog post announcing 2 new members one of which is already in the Dusk Github organization.

https://medium.com/dusk-network/adding-a-wealth-of-knowledge-to-dusk-core-46b57ab9eb92

[Roels Major]

I was just checking out the Dusk Github organization and noticed it has 4 members. Now I see there is also a new blog post announcing 2 new members one of which is already in the Dusk Github organization.

https://medium.com/dusk-network/adding-a-wealth-of-knowledge-to-dusk-core-46b57ab9eb92

Would be very interesting to see github progress of development but so far, nothing has been done except published whitepaper.

The github activities is one of important parameter. GitHub activity is an interesting metric when analyzing ICOs and crypto projects. There are a couple of websites that try to track dev activity and compare projects, but if you dig deeper in their stats you will find the result is not good.

[belechau]

I was just checking out the Dusk Github organization and noticed it has 4 members. Now I see there is also a new blog post announcing 2 new members one of which is already in the Dusk Github organization.
https://medium.com/dusk-network/adding-a-wealth-of-knowledge-to-dusk-core-46b57ab9eb92

This was mentioned earlier, about the expansion of the team, I hope that good members and advisers join the project and help in its development and expansion

[iad_xo]

DUSK Network seems to be gaining some attention in community. Project is innovative and unique in nature. STO with privacy is necessary components.  is there any large investing partnership already established for this project?

[pynetx]

How are you guys planning to cope with the crackdown every major country is doing on the privacy concerned coins?

[beeelzebub]

How are you guys planning to cope with the crackdown every major country is doing on the privacy concerned coins?

Yes, this is my only concern about the project. Countries would hate this network, so what is your plan about it?

[DuskNetwork]

Dusk Network Development Update - September

A monthly development update series created to embrace the transparency and inclusivity that we strive for at Dusk Network.



Development
Time to kickstart the development! September has been an interesting month as the team transitioned from theoretical research to standardizing and programming the core sections of the eventual platform. Our goal is to construct a modular implementation which will enable the developers to plug-and-play experimental features with ease. Golang is the programming language of choice for the reference implementation. The tipping point in favour of Golang has been its native support for concurrency, the bloodline of peer-to-peer (P2P) networks.

We have spent the month working on the basic wallet implementation, designing the transaction structures and building the networking layer. A lot of progress has been made in establishing the core documentation of the features and will help the team concentrate on the actual programming instead of worrying about undocumented features.

The code will be made public in sections after going through a rigorous formal verification and security audit process. The team is aiming to fulfil the original goal of launching the testnet in Q1.



Research
While the initial structure and the technical features of the platform had been finalized, our team is on a constant lookout for advancements in the fields of mathematics and computing science which could improve the efficiency and the security of the platform. One of the most exciting domain improvements that have been under our radar for some time are the advancements in cryptography. Specifically, the team has been exploring the possibility of using a Ristretto curve instead of a twisted Edwards birational equivalent of Curve25519 planned to be used in the genesis implementation. The Ristretto curves are related to bulletproofs, which have been the focal point of our research for a prolonged period. Additionally, we are exploring the possibility of using threshold signatures to implement a stealthy and a flexible alternative to multisignature addresses.

Aside from the cryptography, we are examining numerous approach vectors to employing zero-knowledge smart contracts on the platform, which will expand the feature set of the platform dramatically.

Finally, the team has been probing different fee structures and the crypto-economic effects of each of the proposed structures. Our eventual goal is to implement the structure least vulnerable to spam attacks while also retaining the affordable fees.



Community
A Discord server has been launched! Everybody is invited to join the discussions on our new medium of communication where the core team members will be present to answer your questions and guide you through the intricate features of the platform.

While there are no plans to involve the public in development until the devnet launch in December, we are working hard to establish Dawn public community after the launch to involve each and every one of you who is interested in helping our platform grow and prosper. More information will be revealed later.

How to learn more about Dusk Network
The 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.

Please consider joining us at the following media:

• Website
• FAQ
• Telegram
• Twitter
• Reddit
• LinkedIn
• GitHub

[king_of_alts]

How are you guys planning to cope with the crackdown every major country is doing on the privacy concerned coins?

Yes, this is my only concern about the project. Countries would hate this network, so what is your plan about it?

In a situation like that I'd say you don't care about what governments want but rather what is best for the users. They can't code a backdoor for governments. that would kill the coin.

[DuskNetwork]

50% of tokens for 14.4 million ... 50% of what quantity? From 100 million tokens or from 1 billion tokens or from 10,000 tokens? Or will the tokens be generated until the hard cap is assembled? And only then will the total supply be determined?

The token supply will not change. So 50% of the total supply which is 250m tokens, will be sold for 14.4M