DUSK NETWORK ICO ICO Review

DUSK NETWORK ICO

Dusk Network is aiming to be the platform to run STOs the way Ethereum is for ICOs.

DUSK NETWORK ICO Score



The DUSK Network is a decentralized infrastructure that enables fast, anonymous and secure bi-directional transmission of data among equipotent peers, paid for by a privacy-oriented cryptocurrency: DUSK

In simple terms, Dusk Network is Ethereum times Monero for Security Offerings, to prevent Market Manipulation due to the privacy aspects.

1 – Anonymous Network Layer

A gossip oriented communication tier inspired by I2P.

2 – Segregated Byzantine Agreement

A novel privacy-oriented consensus algorithm vastly more efficient than PoW or PoS.

3 – Secure Tunnel Switching

A protocol allowing cryptocurrency payments for time-unbound and fast data transmission.

TOKEN SALES

METRICS

Green lights

  • Team has a lot of Blockchain experience.
  • Usecase is very much needed in the perfect timeing.
  • Low cap ICO with a large upside potential.
  • Very detailed and Technical Whitepaper.
  • Team has worked together in crypto for 2 years already
  • STOs will likely be a big market in 2019.

red flags

  • DUSK Network is likely going to be a security, although not clearly defined.
  • Most of the Dev team does not list DUSK ICO on their LinkedIn.
  • It is still on the early staged of code development.
  • There’s still low exposure/hype even though it’s a great project.
Full overview

DUSK NETWORK ICO REVIEW: OVERVIEW

Dusk Network is a complete ecosystem that provides privacy measures that are practically impossible to breach. A key part of the Dusk ICO ecosystem will revolve around compliant digital asset transfer. Not only will it provide the privacy required for the market, but it will also provide the auditability required by regulators. KYC requirements can be built directly into the token, thus satisfying a wide array of use cases.

Dusk Network is aiming to be the platform to run Security Token Offerings the way Ethereum is for ICOs. The nature of the platform with the aim at true privacy will make it uniquely suited for hosting STOs. In other words, the platform has the potential to innately satisfy all the likely requirements and regulations that will be assigned to future STOs.

It implements a real-time payment channel that enables undetectable and fast peer-to-peer data communication. The data transmission is paid for between peers using the network’s blockchain-based digital cash: DUSK. The use of DUSK digital cash makes it the first decentralized, anonymous platform that performs low-latency and bidirectional streaming of data through a privacy-oriented cryptocurrency.

DUSK NETWORK AIMS TO:

  • Build an infrastructure platform to run STOs.
  • Introduce Anonymous Security Tokens to the world. Helping to prevent market manipulations.
  • It will be a catalyst to help institutional investors come into the security token space. As investors cannot have their investments be public as this could cause massive swings in the market.
  • It is the first cryptosystem to successfully reconcile privacy with regulatory compliance.

 

DUSK NETWORK ICO REVIEW: FAQ

What is the Dusk Network?

The Dusk Network is a decentralized infrastructure focused on providing the right balance between privacy and transparency to payment, communication, and asset ownership transfer.

 

Is DUSK a security token?

No. DUSK is not a security because it presents a protocol-regulated inflationary mechanism and provides no profit or dividends whatsoever. It absolves the same role of Ether in the Ethereum ecosystem.

 

Dusk Network claims to have engineered the first consensus that actually incentivizes decentralization. How?

The rewards paid to Provisioners are inversely proportional to their staked amount (i.e. bigger stakes get proportionally rewarded lesser, in respect to smaller stakes) and are earned regardless of Provisioners’ participation in the VVN operations. This measure is not a viable option outside of the Dusk Blockchain, where the probability to win the sortition lottery and therefore take an active part to the SBA⋆ algorithm is not associated with a reward, except the sole payment of the transaction fees. This kind of economy not only prevents the rich get richer problem affecting Proof-of-stake, but it also incentivizes users to decentralize their stakes into multiple Provisioners in order to obtain the maximum financial gain. This latter point would lead to scalability problems in other consensus algorithms, while it does not have any significant impact on SBA⋆ due to its “Player Replaceability” property.

Just as an example of how bad is the pool centralization problem, Monero was forced to hard-fork to prevent Bitmain ASIC miners to waste their decentralization efforts. This fork spawned the alternative currency named Monero Classic. Arguably, Bitmain released his miners to the public after having privately mined Monero for a considerable amount of time. This leads also to the risk of “shadow pooling”, which entails the possibility of private mining-pools disposing of considerable hashpower through the employment of specialized hardware inaccessible to the public. This power is a threat to the decentralized and trustless nature of Blockchain.

 

Will it support smart contracts?

Not initially. Providing support for smart contracts translates almost directly into adding support for Turing-complete scripting on a blockchain. It is a very daunting task. Smart contract platforms present order of magnitude higher complexity than focused propositions because they need to support unforeseen use cases and need to scale by doing so. This is why smart contract platforms have geological release cycles and need outrageously high investments. We think that focused propositions with limited scripting capabilities are way more agile, especially if they follow the comparability principle of interoperation.

 

More FAQ questions here

 

 

Dusk Network Competitors

Skrumble Network $16.5 hard cap, valued 4M

Mainframe $20.6M hard cap. valued 21M.

Monero, valued $1.8B.

Polymath, valued $44M.

 

DUSK NETWORK ICO
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

Medium

TEAM SCORE

Medium - High

Read More

TEAM

Tobias Disse DUST Network Business & Strategy Dev (LinkedIn)

“I’m always open to new opportunities and challenges that are set to change the world. I’m more a doer than a thinker. I like to keep things concrete and practical. Nothing is impossible.”

Jelle Pol DUSK ICO Business & Product Dev

“Freedom of speech, expression, and opinion are intimately dependent on the availability of information pathways devoid of any form of censorship or control.”

Jeske Eenink DUSK Network PR & Communications

Mels Dees DUSK ICO  Partnerships & Business Dev

Pascal Putman DUSK Network OSS Project Management

 

DEV TEAM

Emanuele Francioni DUSK Project Lead Dev

Fulvio Venturelli DUSK Network Lead Researcher

Kieran Hall DUSK ICO UX Front End Dev

Full List here

HYPE SCORE

Unknown

TOKEN SCORE

Medium

Github & Tech

DUSK Network ICO Review: Tech

Stealth Addresses:

Anyone using the network receives an address that doesn’t link to their wallets directly. The newly added protection layer of public address means if someone was to attempt to locate a user’s wallet location, they would be unable to. The top layer address therefore is the stealth one – it leaves no trace of the originally connected wallets. It’s because of this, no one would be able to receive the information.

RingCT Signature:

Like stealth addresses, anyone sending the information would be able to use Dusk Foundation’s RingCT Signature Technology, further ensuring the sender is just as safe as the person receiving. With the new layer of protection, the sender remains completely anonymous, no parties can be traced, making the users completely safe.

Anonymous Network Layers:

Layers operating with anonymity, receive the IP addresses of the sender and receiver without it being traceable as it is obscured by a code. It means that the IP address is just as untraceable as the usernames of the people involved. This makes it impossible to track the physical presence of anyone who partakes in the transaction of information. The users remain completely safe and secure.

DUSK ICO Consensus Summary

DUSK ICO departs from consensus mechanisms like PoW/PoS, which are poorly suited for privacy, to introduce a new privacy-oriented consensus mechanism called Segregated Byzantine Agreement (SBA*).

The mechanics behind SBA*

SBA* uses existing ideas like the Cryptographic lottery, and combines it with concepts like stealth time-locked transactions to implement simple but secure communication that can be audited.

(Super)Nodes

These are points in the network that facilitate transactions. They compete with each other for the generating and proposing blocks. These are computationally very light tasks, and a node will not require high computational power or a big stake.

Provisioners

These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional.

Read more here

CONCLUSION

Dusk Network is laser-focused on delivering three key use cases: payments, digital asset transfer, and p2p communication. It will provide an ecosystem that allows for the best tradeoff between privacy and transparency. The market shifting towards the Security Token space will be a great fit with an innately suitable architecture like the one proposed by this project.

How to learn more about Dusk Network

The Dusk Network is a project coordinated by the Dusk Foundation. We are a decentralized ecosystem entirely focused on providing the perfect trade-off between privacy and transparency. Dusk protects privacy and fits regulations in payments, communications, and asset transfers.

5.6

ADVISOR

7.3

TEAM

3.8

HYPE

4.9

TOKEN

platform

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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