When it comes to the Dusk project, I’ve always felt that it has a bit of a "poor storyteller" vibe. During market booms, others hype performance and user growth, while Dusk focuses on doing some less glamorous but essential work. But anyone who truly understands its design logic knows that this isn’t a flaw; in fact, it’s the clearest sign of its sobriety.

Think about it—what do genuine financial institutions care about? It’s never about TPS or daily active users. What they care about are a few core things—clear responsibility attribution, effective risk isolation, and controllable information flow. These are the fundamental principles of financial operations.

Over the years, blockchain has been using the theory of "complete transparency" to gain trust, but frankly, institutions don’t buy into that at all. Dusk’s approach is quite different. It doesn’t deny transparency; instead, it shifts perspective—rules allow you to verify, processes enable auditing, and results make traceability possible. This kind of "provable" trust is truly practical for financial institutions.

What’s particularly interesting is its understanding of privacy. In the on-chain world, many equate privacy with "resisting regulation." But Dusk flips this idea—privacy here actually makes regulation easier to enforce. Using zero-knowledge proof technology, you can prove that a transaction is compliant, assets truly exist, and participants have the necessary qualifications, while the specific business structure and strategic details remain within privacy boundaries. Information flow has boundaries, but verifiability is never compromised.

The essence of this design is to directly transplant the mature operational logic of traditional finance onto the blockchain, rather than forcing financial principles through the lens of cryptographic values. Correspondingly, its technical choices are quite restrained—avoiding extreme performance pursuits, not blindly catering to retail user experience, but instead focusing on the rigor of verification logic and system security. For institutions, the stability and predictability of the chain are the trustworthy foundation.