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

[DuskNetwork]

is DUSK is planning to use zsnark for privacy or creating own protocol? Team behind this looking experienced. Is there any white paper available to read?

Here we explain the anonymous network layer

The whitepaper can be read here

[pynetx]

What will happen to the unsold tokens if there will be any?
Will be they be burned?

[DuskNetwork]

Does your consensus algorithm exist already? was it already implemented/tested in some proof of concept or is just on paper?

Dusk combines tested technologies but at the same time presents a consensus method underlying the blockchain that is a lot different of what we have seen before. Stealth addresses, Ring CT layer technology, Algorand and even Cryptonote are all used for inspiration. These technologies are all tested and used.

However, dismissing the technological breakthrough of SBA* (Dusk's consensus algorithm) as a simple combination of Algorand with Cryptonote (stealth addresses, Ring CT, etc), is the equivalent of dismissing Bitcoin because it combines Hashcash with digital timestamping services
.

SBA* provides several novelties that are not in Algorand and certainly not in Cryptonote. The latter uses proof-of-work that 1) sooner or later will face severe restriction by states because of excessive consumption of energy 2) requires specialized equipment and 3) promotes pool centralization. Algorand on the other hand is completely open, oriented to permissioned networks and does not even foresees reward incentives. Simply combining the 2 technologies also is not possible since they are incompatible (Algorand works only if the stake of any single node is completely open which goes completely against the philosophy of Cryptonote). SBA* is INSPIRED by these technologies and we mainly refer to them to explain how parts of the system work and how some of the technology is taken from the field and is thus tested, it however evolves toward completely different directions and presents novelties that IMHO qualify SBA* as a breakthrough:
1 - Blind bidding solves staking with anonymity
2 - The segregation of operations makes it possible to create the first ever economy being centralized pool averse
3 - It solves elegantly also the nothing-at-stake problem through its voting system

[batako]

What will happen to the unsold tokens if there will be any?
Will be they be burned?

Burning the unsold tokens will be better than use it for other things. It will look more fair for both developers and investors as well.

[o48o]

I have to say i love the simplicity of the logo! Any ideas on what you are going to use as an icon or symbol for this? Maybe that crescent works in small icon too...

[Icodog.io]

Hello team,

We're proud to announce that Dusk Network has been listed and reviewed at ICODOG. You can find our in-depth analysis of your great project here: https://icodog.io/ico-review/dusk-network/

Please don't hesitate to reach out to us via this page https://icodog.io/contact-us/ in case you have any questions.

Thank you and keep up with the amazing work!

[king_of_alts]

Hello team,

We're proud to announce that Dusk Network has been listed and reviewed at ICODOG. You can find our in-depth analysis of your great project here: https://icodog.io/ico-review/dusk-network/

Please don't hesitate to reach out to us via this page https://icodog.io/contact-us/ in case you have any questions.

Thank you and keep up with the amazing work!

Dusk is on a decent 9th place of all your ranked ICOs. Not so bad considering that there is time to make adjustments if deemed necessary by the team

[Amelie Poulain]

I have to say i love the simplicity of the logo! Any ideas on what you are going to use as an icon or symbol for this? Maybe that crescent works in small icon too...

You are right, the logo of a good project should be unusual. Sometimes the unusual can be seen in simple things. Crescent is a beautiful and at the same time a mysterious logo.

[belechau]

Hello team,

We're proud to announce that Dusk Network has been listed and reviewed at ICODOG. You can find our in-depth analysis of your great project here: https://icodog.io/ico-review/dusk-network/

Please don't hesitate to reach out to us via this page https://icodog.io/contact-us/ in case you have any questions.

Thank you and keep up with the amazing work!

Dusk is on a decent 9th place of all your ranked ICOs. Not so bad considering that there is time to make adjustments if deemed necessary by the team

Nice, I hope that ICODOG has excellent professionals and has a good visibility, what's more, the classification is really good, and also a good showcase. Congratulations

[levyashin]

Why is there a minimum investment in the first place? Do large investors or preferentially treated buyers get more Dusk for their money than small investors?

Sure, tiered pricing is nothing new, but after having experienced private investors unloading their cheap tokens onto the secondary market I start to question the practice.

Actually, lately, there are projects only going after for big investors. Because small ones are lost too much money and can't sell anything so they are going after the big ones.

Also, large investors don't dump anything if they lost money. Not acting with panic, like small ones.

I am not saying large investors are losing money. They are making money as long as they sell above the price they paid. Some projects offer large investors such high bonuses that they are profiting even far below ICO price. Which happened as soon as their tokens were unlocked, leading to a snowball effect as small investors see immediate losses, in some cases before they even received the tokens.

I get it what you are saying. Some projects selling with %90 bonuses to private investors and small investors losing a lot of money. It is important to make this balance when getting big investors in.

[omwibya]

Why is there a minimum investment in the first place? Do large investors or preferentially treated buyers get more Dusk for their money than small investors?

Sure, tiered pricing is nothing new, but after having experienced private investors unloading their cheap tokens onto the secondary market I start to question the practice.

Actually, lately, there are projects only going after for big investors. Because small ones are lost too much money and can't sell anything so they are going after the big ones.

Also, large investors don't dump anything if they lost money. Not acting with panic, like small ones.

I am not saying large investors are losing money. They are making money as long as they sell above the price they paid. Some projects offer large investors such high bonuses that they are profiting even far below ICO price. Which happened as soon as their tokens were unlocked, leading to a snowball effect as small investors see immediate losses, in some cases before they even received the tokens.

I get it what you are saying. Some projects selling with %90 bonuses to private investors and small investors losing a lot of money. It is important to make this balance when getting big investors in.

this is a common problem in the crypto space . but if you have patience you can reap the benefits later on.

[king_of_alts]

Why is there a minimum investment in the first place? Do large investors or preferentially treated buyers get more Dusk for their money than small investors?

Sure, tiered pricing is nothing new, but after having experienced private investors unloading their cheap tokens onto the secondary market I start to question the practice.

Actually, lately, there are projects only going after for big investors. Because small ones are lost too much money and can't sell anything so they are going after the big ones.

Also, large investors don't dump anything if they lost money. Not acting with panic, like small ones.

I am not saying large investors are losing money. They are making money as long as they sell above the price they paid. Some projects offer large investors such high bonuses that they are profiting even far below ICO price. Which happened as soon as their tokens were unlocked, leading to a snowball effect as small investors see immediate losses, in some cases before they even received the tokens.

I get it what you are saying. Some projects selling with %90 bonuses to private investors and small investors losing a lot of money. It is important to make this balance when getting big investors in.

this is a common problem in the crypto space . but if you have patience you can reap the benefits later on.

If there are big discounts there should also be vesting periods until after the ICO and exchange listings so that the average investors doesn't get dumped on.

[Makkara]

Does your consensus algorithm exist already? was it already implemented/tested in some proof of concept or is just on paper?

Aye. I think a little bit same thing like U did.
According to Emil Gun Sihrer, the Cornell Professor, there are 2 thing  that could be separated as well:

1. Sybil Deterrence Mechanism : Like POW or POS.  They will be using something they said Proof of Blind Bid. Well, Is not very clear that this node powered by this SBA consensus need collateral or not.

2. Consensus Mechanism : This coin will use Segregated Byzantine Agreement (SBA) to produce the blocks.

and  plus

3. Privacy Protocol : like Stealth Address, CT, Bulletproof, and Obfuscating Address or Sender. (Not New)

I see the team has answered some of the questions in the past, let's see if they can shed some light about this matter. It's one of the big points this projects revolves around

[pynetx]

What will happen to the unsold tokens if there will be any?
Will be they be burned?

Burning the unsold tokens will be better than use it for other things. It will look more fair for both developers and investors as well.

You are right. Not burning the unsold tokens will be like deceiving the investors.

[jonnytracker]

What will happen to the unsold tokens if there will be any?
Will be they be burned?

Burning the unsold tokens will be better than use it for other things. It will look more fair for both developers and investors as well.

You are right. Not burning the unsold tokens will be like deceiving the investors.

Or dividends for holding at least .. This will at least help prevent dump

[o48o]

I just started reading the Whitepaper and I can say that it is quite more technical than most WP out there and that I can further assume it was written by competent blockchain expert(s) who knows what they are doing. Great job!

Yeah, it's been a while since i have seen anything like this. I don't understand most of it but i see the effort put into it, and dev is out of my league at intelligence. And as an investor, i have learned that i should invest smarter people then myself.

[kraterion]

If you're expecting the majority of people to read whitepapers, I have to tell you, it's not gonna happen. Unfortunally the majority of people (I'm excluding  whales, of course they gonna read whitepaper and dig into every single person in team) just invest in the hype of the moment, regardless of the whitepaper

[zgrdyg]

If you're expecting the majority of people to read whitepapers, I have to tell you, it's not gonna happen. Unfortunally the majority of people (I'm excluding  whales, of course they gonna read whitepaper and dig into every single person in team) just invest in the hype of the moment, regardless of the whitepaper

I think after lots of scams icos occured in this year(%80 percent of them i recall) people definitely will read the whitepapers of the project they will invest.

[sge99]

If you're expecting the majority of people to read whitepapers, I have to tell you, it's not gonna happen. Unfortunally the majority of people (I'm excluding  whales, of course they gonna read whitepaper and dig into every single person in team) just invest in the hype of the moment, regardless of the whitepaper

I think after lots of scams icos occured in this year(%80 percent of them i recall) people definitely will read the whitepapers of the project they will invest.

I'm not sure about that. Most people are lazy and I think they still base their decision on the hype for a project or the positive review of some 'expert', no matter how many scams there were.

[belechau]

If you're expecting the majority of people to read whitepapers, I have to tell you, it's not gonna happen. Unfortunally the majority of people (I'm excluding  whales, of course they gonna read whitepaper and dig into every single person in team) just invest in the hype of the moment, regardless of the whitepaper

I think after lots of scams icos occured in this year(%80 percent of them i recall) people definitely will read the whitepapers of the project they will invest.

I'm not sure about that. Most people are lazy and I think they still base their decision on the hype for a project or the positive review of some 'expert', no matter how many scams there were.

Although reading and research are obligatory to be the initial steps, I think that 80% of the People do not do it, there will still be fraudulent and greedy projects, and they continue to succeed, unfortunately