When mentioning Dusk, many people's first reaction is "Another privacy coin." But once you truly understand the design logic of the Dusk Foundation, you'll find that things are far from that simple—this project's ambition isn't in the virtual world, but points to something much larger and more complex: the real-world financial system.
This approach is actually counterintuitive.
Most blockchain projects tell stories about "creating a new world." Web3 aims to revolutionize, decentralize, and break the old order—this narrative is exciting and can strongly motivate emotions.
Dusk's approach is completely opposite. It aims to: bring the old world onto the blockchain.
What is the old world? It includes identity verification, permission management, rule frameworks, information disclosure, regulatory systems, judicial traceability, and compliance review—all of these. In crypto discourse, these terms are basically synonymous with "bad."
But what is the reality? The majority of global wealth, assets, and transactions operate under this set of rules. If blockchain truly wants to become a foundational financial infrastructure rather than just an edge system, it will inevitably face this issue.
Dusk's entry point is unique: using cryptography to enforce rules, rather than relying on human promises.
What does this mean? It’s not "I claim I am compliant," but that the system itself can mathematically prove your compliance. It’s not empty talk like "I protect privacy," but that you can prove you meet the criteria without exposing specific data. This is a mature and calm engineering mindset.
But what is the cost?
Lack of emotional value. Emotions are the fuel of the crypto world, and Dusk offers pure rationality. From a market appeal perspective, this is a disadvantage.
A more practical question is: does traditional finance really need Dusk? When they only want process automation, why must they use on-chain solutions? That is the biggest issue.
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OldLeekNewSickle
· 15h ago
It sounds like yet another story of "we're going to transform traditional finance," but in the end, it still can't escape the reality. Dusk's cryptographic proof compliance logic is indeed interesting, but the key question is—why should traditional finance use you? Their own systems are running perfectly fine, and the rationality you provide is just uninteresting to them. The biggest fear in the crypto world is projects that lack emotional value; it's hard to profit from them.
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CoffeeNFTs
· 15h ago
You're right, but traditional finance truly fears decentralization and is unlikely to actively embrace it. Dusk's path is indeed clear-minded, but it's just too rational, making it seem like an outlier in the crypto world.
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WalletWhisperer
· 15h ago
Basically, they just want to shake hands with traditional finance, but traditional finance doesn't want to pay any attention to them at all.
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GateUser-40edb63b
· 15h ago
To be honest, this idea is a bit outdated. The crypto world is all about breaking old rules and establishing new ones, yet Dusk wants to put the rules on the chain? Then what's the point of the chain...
Traditional finance already has mature systems in place. Can you replace them just by using cryptographic proofs of compliance? Seems like overthinking.
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MEVHunterLucky
· 15h ago
I respect this logic, but in the crypto world, hearing this kind of talk? Uh... it's tough.
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InfraVibes
· 15h ago
After all this, it's just about getting traditional finance people to accept on-chain compliance solutions, but they simply don't care... That's the most heartbreaking part.
When mentioning Dusk, many people's first reaction is "Another privacy coin." But once you truly understand the design logic of the Dusk Foundation, you'll find that things are far from that simple—this project's ambition isn't in the virtual world, but points to something much larger and more complex: the real-world financial system.
This approach is actually counterintuitive.
Most blockchain projects tell stories about "creating a new world." Web3 aims to revolutionize, decentralize, and break the old order—this narrative is exciting and can strongly motivate emotions.
Dusk's approach is completely opposite. It aims to: bring the old world onto the blockchain.
What is the old world? It includes identity verification, permission management, rule frameworks, information disclosure, regulatory systems, judicial traceability, and compliance review—all of these. In crypto discourse, these terms are basically synonymous with "bad."
But what is the reality? The majority of global wealth, assets, and transactions operate under this set of rules. If blockchain truly wants to become a foundational financial infrastructure rather than just an edge system, it will inevitably face this issue.
Dusk's entry point is unique: using cryptography to enforce rules, rather than relying on human promises.
What does this mean? It’s not "I claim I am compliant," but that the system itself can mathematically prove your compliance. It’s not empty talk like "I protect privacy," but that you can prove you meet the criteria without exposing specific data. This is a mature and calm engineering mindset.
But what is the cost?
Lack of emotional value. Emotions are the fuel of the crypto world, and Dusk offers pure rationality. From a market appeal perspective, this is a disadvantage.
A more practical question is: does traditional finance really need Dusk? When they only want process automation, why must they use on-chain solutions? That is the biggest issue.