Topic: [ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 163. (Read 145674 times)

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.

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 incentivises users to decentralise their stakes into multiple Provisioners in order to obtain 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

Richard Sanders joins Dusk Network as Strategic Advisor

It is with great pleasure we announce that Cybersecurity Expert, Richard Sanders is joining Dusk Network as a strategic advisor.



When he was 17 years old, Richard joined the US Army where he served as a forward observer at the 10th Mountain Division for four years. During his work in the Army he pushed himself into a Spartan lifestyle, making the most out of each day with a main focus on self-development. This allowed him to nearly finish his undergraduate degree at the end of his fourth year military discharge. Later he finished his Bachelor’s Degree in Homeland Security at the American Military University. Richard holds a Harvard Business School CORe certification.

His volunteer work at an animal shelter made him realize the importance of giving back to the community and he has since been an avid philanthropist. He has raised over 100,000 USD for various non-profit organizations on a yearly basis for seven years consecutively.

Richard is an active member in the blockchain investigative community. In 2018 Richard co-founded Blockchain Investigation Agency CipherBlade where he is the Chief Security Officer (CSO). CipherBlade focuses on helping new aspiring blockchain projects to stay safe in this highly dynamic industry that unfortunately attracts some ill-intended malicious actors.

Richard already participated in the investigation of various high-profile blockchain industry related hacks like the EtherDelta hack late last year and a more recent hack, involving blockchain and cryptocurrency investor Ian Balina, where he is the lead investigator. Leveraging his connections within government and law enforcement, Rich’s efforts have led to arrest, prosecution, and asset recovery for several cases; an impressive accomplishment on a brief timeline.

As a decentralized ecosystem focused on privacy and transparency in payments, communication and asset ownership transfer Dusk Network values safety very highly. Richard will be a great asset to Dusk as he is a professional in the cybersecurity, intelligence and government space and we believe we can greatly benefit from his expertise.

We at Dusk Network are very excited to have Richard on board as an advisor!

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.

Please consider joining us at the following media:

• Website
• FAQ
• Telegram
• Twitter
• Reddit
• LinkedIn
• GitHub

Moreover, this project seems promising in its blockchain tech implementation and is somewhat sophisticated as compared to other platforms.

STO is interesting idea. I can think closest offering from other project will be Polymath. Is there any clear differentiation with them other than privacy? 

Ive definitely noticed this becoming the norm for most projects. As you stated they want the stability that comes with large investors, not speculative traders.

The issue with this is that it really limits the amount of people that can get in early. There is certainly a tradeoff.

Yes, explanatory videos would be helpful for better understanding of the project, I tried to read the whitepaper but it's quite complicated for not so tech-savvy people.

I am not saying large investors are losing money. They are making money as long as they sell above the price they paid. Some projects offer large investors such high bonuses that they are profiting even far below ICO price. Which happened as soon as their tokens were unlocked, leading to a snowball effect as small investors see immediate losses, in some cases before they even received the tokens.

Some more explanatory videos would have been better to understand the platform correctly.

Sorry but I fixed your post . I'd like to add all zkSNARKs coins too (zcash, zen, zcl etc....). The advantage imho is that currect privacy coins are just that, currencies, the don't have a layer on top their protocols to just use it for data  (like for example IPFS but anonymous)

True, it's for all the projects the same in my opinion.
Anyway let's see where this project will take us in a few months.

The investors with more money want more for their risks and ultimately the goal of these teams is just to gather as much as possible to fund their project. So that's not going to change.

Actually, lately, there are projects only going after for big investors. Because small ones are lost too much money and can't sell anything so they are going after the big ones.

Also, large investors don't dump anything if they lost money. Not acting with panic, like small ones.

Why is there a minimum investment in the first place? Do large investors or preferentially treated buyers get more Dusk for their money than small investors?

Sure, tiered pricing is nothing new, but after having experienced private investors unloading their cheap tokens onto the secondary market I start to question the practice.

Can we negotiate? To me 100eth is a big character

Two types of projects are nearly successful all the time, Data related ones and the privacy related one. So there is a big chance that the DUSK will be a success. I'd love to participate in a bounty campaign too.

Well, XMR is a wonderful coin in terms of privacy, but it is also suffering nowadays with all other coins...

What does " a gossip oriented communication tier I2P" mean in simple English?

I just noticed this project and its potential, I hope it's early enough to join me and accompany you. Reward campaigns are often really attractive, as long as well controlled, without exaggeration, would be interesting

I'd love to participate in a bounty and , yes I do agree, that privacy based projects will have success especially in this field.

I am a big believer in rise of the privacy coins, and of their importance in this field, so i am rooting for this... Do you happen to have bounties in this by any change?