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

[king_of_alts]

is DUSK planning to have master node architecture to rewards node owners?

they could reward nodes that participate in mixin coins but I don't know if masternodes are planned.

[kraterion]

What is this STO? Can you explaine? And at first this will be ERC token and than you will swap to native coins When maiinet launch?

You can read more aboutt ICO's vs STO's here! And yes, DUSK will start out as an ERC20 tokens until the mainnet launch where the ERC20 equivalent must be swapped to the native DUSK token.

So I can safely assume that it will work like Swarm and Waves where you just issue tokens without the need of a smart contract? I always wondered how it works for Waves for example (Swarm just issue tokens based on Stellar's blockchain)

[Amelie Poulain]

What is this STO? Can you explaine? And at first this will be ERC token and than you will swap to native coins When maiinet launch?

You can read more aboutt ICO's vs STO's here! And yes, DUSK will start out as an ERC20 tokens until the mainnet launch where the ERC20 equivalent must be swapped to the native DUSK token.

So I can safely assume that it will work like Swarm and Waves where you just issue tokens without the need of a smart contract? I always wondered how it works for Waves for example (Swarm just issue tokens based on Stellar's blockchain)

The waves didn't reach the popularity what I was hoping, with each passing day less and less projects create tokens at their platform - although their idea was wonderful.

[lvsca]

What is this STO? Can you explaine? And at first this will be ERC token and than you will swap to native coins When maiinet launch?

You can read more aboutt ICO's vs STO's here! And yes, DUSK will start out as an ERC20 tokens until the mainnet launch where the ERC20 equivalent must be swapped to the native DUSK token.

So I can safely assume that it will work like Swarm and Waves where you just issue tokens without the need of a smart contract? I always wondered how it works for Waves for example (Swarm just issue tokens based on Stellar's blockchain)

The waves didn't reach the popularity what I was hoping, with each passing day less and less projects create tokens at their platform - although their idea was wonderful.

different token betwen ethereum and waves is in contract scrypt. waves is simple contract, you can't custom it as like as you want - like untradeable - but, in ethereum you can.

[aveon]

What is this STO? Can you explaine? And at first this will be ERC token and than you will swap to native coins When maiinet launch?

You can read more aboutt ICO's vs STO's here! And yes, DUSK will start out as an ERC20 tokens until the mainnet launch where the ERC20 equivalent must be swapped to the native DUSK token.

So I can safely assume that it will work like Swarm and Waves where you just issue tokens without the need of a smart contract? I always wondered how it works for Waves for example (Swarm just issue tokens based on Stellar's blockchain)

The waves didn't reach the popularity what I was hoping, with each passing day less and less projects create tokens at their platform - although their idea was wonderful.

different token betwen ethereum and waves is in contract scrypt. waves is simple contract, you can't custom it as like as you want - like untradeable - but, in ethereum you can.

With good start capial and team you can do all of it without ETH platform, but at leasrt one of you should probably be a genius to do that.

[wissy]

What is this STO? Can you explaine? And at first this will be ERC token and than you will swap to native coins When maiinet launch?

You can read more aboutt ICO's vs STO's here! And yes, DUSK will start out as an ERC20 tokens until the mainnet launch where the ERC20 equivalent must be swapped to the native DUSK token.

So I can safely assume that it will work like Swarm and Waves where you just issue tokens without the need of a smart contract? I always wondered how it works for Waves for example (Swarm just issue tokens based on Stellar's blockchain)

The waves didn't reach the popularity what I was hoping, with each passing day less and less projects create tokens at their platform - although their idea was wonderful.

different token betwen ethereum and waves is in contract scrypt. waves is simple contract, you can't custom it as like as you want - like untradeable - but, in ethereum you can.

With good start capial and team you can do all of it without ETH platform, but at leasrt one of you should probably be a genius to do that.

Technical stuff are usually complicated, they demand more knowledge and a lot of testing.

[bitcoin-shark]

Dusk network will support smart contract and tokens with complete privacy. Am i understanding correctly?

You understand correctly. They will be completely anonymous. And we hope that they are safe!

then the dusk network will support the smart contracts and tokens, I deduce somehow similar to eth, the wallet has been released and team are testing on it the mainnet, good many wonderful news...

[Rigorous]

What is this STO? Can you explaine? And at first this will be ERC token and than you will swap to native coins When maiinet launch?

You can read more aboutt ICO's vs STO's here! And yes, DUSK will start out as an ERC20 tokens until the mainnet launch where the ERC20 equivalent must be swapped to the native DUSK token.

So I can safely assume that it will work like Swarm and Waves where you just issue tokens without the need of a smart contract? I always wondered how it works for Waves for example (Swarm just issue tokens based on Stellar's blockchain)

The waves didn't reach the popularity what I was hoping, with each passing day less and less projects create tokens at their platform - although their idea was wonderful.

Why did Waves not become popular? Too many people already using Ethereum? That could become a problem for Dusk. Even if their tech would be better, the best tech does not always win. It is incredibly hard to unseat a platform that has almost a monopoly. How do you convince people to switch from the platform they are used to?

[Frank37]

What is this STO? Can you explaine? And at first this will be ERC token and than you will swap to native coins When maiinet launch?

You can read more aboutt ICO's vs STO's here! And yes, DUSK will start out as an ERC20 tokens until the mainnet launch where the ERC20 equivalent must be swapped to the native DUSK token.

So I can safely assume that it will work like Swarm and Waves where you just issue tokens without the need of a smart contract? I always wondered how it works for Waves for example (Swarm just issue tokens based on Stellar's blockchain)

The waves didn't reach the popularity what I was hoping, with each passing day less and less projects create tokens at their platform - although their idea was wonderful.

Why did Waves not become popular? Too many people already using Ethereum? That could become a problem for Dusk. Even if their tech would be better, the best tech does not always win. It is incredibly hard to unseat a platform that has almost a monopoly. How do you convince people to switch from the platform they are used to?

It will be a hard way, yes. You can see it everywhere, also at operating systems or browsers. The best are not the winner today.

[Makkara]

Everything about this project is going to be released under github to be publicly available for scrutiny right?

[o48o]

What is this STO? Can you explaine? And at first this will be ERC token and than you will swap to native coins When maiinet launch?

You can read more aboutt ICO's vs STO's here! And yes, DUSK will start out as an ERC20 tokens until the mainnet launch where the ERC20 equivalent must be swapped to the native DUSK token.

So I can safely assume that it will work like Swarm and Waves where you just issue tokens without the need of a smart contract? I always wondered how it works for Waves for example (Swarm just issue tokens based on Stellar's blockchain)

The waves didn't reach the popularity what I was hoping, with each passing day less and less projects create tokens at their platform - although their idea was wonderful.

Why did Waves not become popular? Too many people already using Ethereum? That could become a problem for Dusk. Even if their tech would be better, the best tech does not always win. It is incredibly hard to unseat a platform that has almost a monopoly. How do you convince people to switch from the platform they are used to?

Imho Waves was aiming too low to begin with, and at the start, having roots in nxt coin, they were mainly interested in the tokenisation and the fiat gateway. Not sure what theyare doing now though.

Dusk on the other hand seems to be doing something that has not been done before and having such a bright team, i really think they have an edge on delivering and edge on gaining a monopoly on their field.

[zgrdyg]

Dusk network will support smart contract and tokens with complete privacy. Am i understanding correctly?

If you understand it correctly, dusk has unlimited potential for growing as far as i can see.

[pynetx]

DUSK's use case is not just for the payments only. So, monero and dusk differ in many ways.

That's correct, Monero is mainly used for payments while we will offer much more! Dusk network is a network and as such has a very sharp focus on confidential data transmission. This means unidirectional atomic transaction (transfer of value), bidirectional atomic transactions (purchase of asset - you give money and receive an asset in return) and bidirectional time-unbound transactions (basically streaming, audiovisual calls and conferencing, etc)

This is the simplest explanation anyone can read to know more about the dusk network.

[DuskNetwork]

That is very understandable, I'm sure the devs would make the necessary testings before they release the mainnet to avoid any untoward issues.

Absolutely!

[levyashin]

Dusk network will support smart contract and tokens with complete privacy. Am i understanding correctly?

You understand correctly. They will be completely anonymous. And we hope that they are safe!

Wow, that means this can be huge.

A complete anonymous network with a smart contract extension. It is unique, and a necessary one.

[DuskNetwork]

is DUSK planning to have master node architecture to rewards node owners?

Dusk Network will utilize 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.

[DuskNetwork]

Why did Waves not become popular? Too many people already using Ethereum? That could become a problem for Dusk. Even if their tech would be better, the best tech does not always win. It is incredibly hard to unseat a platform that has almost a monopoly. How do you convince people to switch from the platform they are used to?

Waves not becoming popular should not have to do anything with Dusk. Dusk Network will be more than just launching STO's because of the anonymity aspect. And for Ethereum; they sort of have monopoly on ICO's but Ethereum also has its problems, mainly scaling. Dusk on the other hand will be used to launch STO's which is completely different than Ethereum. The biggest similarity Dusk has with Ethereum is the token' utility. DUSK functions just as ETH does on their respective platform.

[cevap]

Dusk network will support smart contract and tokens with complete privacy. Am i understanding correctly?

You understand correctly. They will be completely anonymous. And we hope that they are safe!

Wow, that means this can be huge.

A complete anonymous network with a smart contract extension. It is unique, and a necessary one.

The prospect of anonymity can attract a lot of people. They should thoroughly test it to make sure it's safe as well.

[magisterr]

What is this STO? Can you explaine? And at first this will be ERC token and than you will swap to native coins When maiinet launch?

You can read more aboutt ICO's vs STO's here! And yes, DUSK will start out as an ERC20 tokens until the mainnet launch where the ERC20 equivalent must be swapped to the native DUSK token.

Ok, thank you. I understand. STO - Security Token Offering. The different in selling security and utility tokens. When your maiinet launch and swap to native coins?

[DuskNetwork]

Ok, thank you. I understand. STO - Security Token Offering. The different in selling security and utility tokens. When your maiinet launch and swap to native coins?

Our mainnet launch is scheduled for Q2 2019.