Looking at the evolution of the public chain track over the past few years, from the early TPS battles to now the ecosystem competition, there is indeed a flavor of "arms race." Amidst this fierce competition, Dusk has made an interesting choice — it neither follows the trend of pursuing extreme performance nor simply stacks applications; instead, it bets all on the path of "compliance + privacy," a road less traveled.

This approach is worth pondering. When traditional financial institutions start to take blockchain seriously, their main concern is not how fast it can run, but whether risks are controllable and whether it complies with regulatory frameworks. Dusk has targeted this pain point by directly integrating financial-grade compliance and privacy protection into the protocol layer, rather than treating them as patches afterward. From another perspective, while other public chains pursue "maximized openness," Dusk explores "maximized trustworthiness" — serving a different audience, aiming at the on-chain needs of traditional financial giants like banks and brokerages holding trillions in assets.

From a technical architecture standpoint, Dusk adopts a modular design. The bottom layer is DuskDS (responsible for final settlement and security guarantees), on top of which run Dusk VM (handling privacy smart contracts) and Dusk EVM (fully compatible with the Ethereum ecosystem) in parallel. The interesting part of this combination is that developers can enjoy the maturity of the Ethereum toolchain while naturally gaining dual guarantees of compliance and privacy. In other words, compliance is not an after-the-fact restriction but an infrastructure embedded from the architecture stage.

Differentiation strategies are often more imaginative than blindly following trends. The path of bringing traditional financial assets on-chain is indeed a blue ocean. The question is whether Dusk can truly turn this "compliance persona" into real business value, which depends on how many institutional clients are willing to adopt it in the future.