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Topic: [ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 45. (Read 145674 times)

copper member
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Meet Dusk's Investor(s); Olymp Capital.

In 'Meet Dusk's Investors' we introduce some of our most important investors, giving our community insight into what type of added value we are driving from our partners, and to showcase the thinking behind their investment decision.

Olymp Capital
Olymp Capital is the first asset management firm in Europe to cover the entire blockchain and crypto-asset ecosystem. The firm is headquartered in Luxembourg and is comprised of experts in traditional finance and blockchain. They seek to offer a full product suite for their investors — whether in equity or digital tokens. Dusk is the first protocol to satisfy the entire STO regulatory framework.



Co-founder and CEO of Olymp Capital, Christophe de Courson, said: “The Dusk Network team has created a technology that adapts uniquely to the needs of STO investors, and we see tremendous upside from their infrastructure.”

Read more about our partnership Here!

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:
copper member
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It's shame that the community manager isn't really active here anymore, there are a lot of questions and doubt unanswered here, am I right?

Do they have a community manager? Really? I haven't seen him around here at all. It would be really good to get answers to the most important questions that are keep turning up here in the thread. Like more details about the token sale and private sale.

I am not sure if there is a community manager or not but someone from the team was actively answering the user queries but, now everyone seems to be quiet.

Last post from "DuskNetwork" is from 12.12.2018, so maybe he is busy.
I can only say it was one of the most active and experienced community manager I saw in my history of bitcointalk, so don't judge to fast.

There were a lot of time consuming things going on as we are closing in on listing our token. Our listing on EthFinex and BitFinex had to be delayed by a few weeks. A combination of technical delay and the poor holiday listing climate drove the decision to aim for the second week of January as the new target listing date, most probably between the 7th and the 9th.

This should give our partners at EthFinex and BitFinex enough time to clear the technical schedule, whilst it should be a much more favorable listing period for our investors and people looking to enter in the secondary market.
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Actually yes and there is more than one.

Seems lots of team discovered there is a hole in this area and trying to fill it with their projects. I checked some and must say Dusk Network seems way better compared to them.


Sure, once people realize that there is a niche where money can be made, new projects will emerge.

Has any of the competitors of DUSK already a working platform?

As far as i know, they are all in ico phase or pre-ico phase.

Idea was good and it come out from a team first (i can't be sure) and instantly similar projects popped up Smiley So timelines are very similar.


Aren't Polymath and Swarm competitors of dusk? Because they are already ahead of Dusk and have a working platform if I remember correctly.

Ethereum offers no ledger privacy apart from zk-SNARKS (which is reliant on a trusted setup which needs to run at any configuration change). This basically forces issuers to avail of off-chain solutions which is very expensive and defeats the purpose of 1) decentralization 2) common task automation 3) streamline legal process 4) performances (as trading restriction needs to be arbitrated all the time through third party smart contracts, rather than being embedded at protocol level). So, to be able to meet the requirements of STOs, Ethereum needs third party platforms (like Polymath, Harbor, etc etc) which are basically application-level smart contracts, which resort mostly to off-chain processing, with no exception.

This is also because these platforms have absolutely no say at the protocol level and must adapt to what it is available to them. In that respect, they have a very limited control on the confidentiality level (and in fact they resort almost always to suboptimal off-chain solutions - see for example Harbor, Polymath or even Securitize) and are bound to biblical release time for anything that revolves around NFRs (Non Functional Requirements, such as, for instance, scalability, security, resource management, network configurations, SLAs, etc etc) since Ethereum must scale GLOBALLY all the propositions (meaning smart contracts or set of smart contracts).

Dusk is NOT a general purpose smart contract platform.
It is extremely focused on the use cases it intends to unlock and as a result it can be very specific in the strategies it adopts to scale and satisfy the NFRs of the use cases at hand.

It basically focuses on providing the right confidentiality in the 3 different scenario that render the platform a true network:
1 - Unidirectional atomic transfer of value (basically, payments)
2 - Bidirectional atomic exchange of value (transfer of asset ownership - securities fall in this category)
3 - Time unbound exchange of value (transmission of data stream - such as audiovisual conferencing, content streaming, etc)

We are gonna rollout sequentially the three layers of the network, which will each unlock one of these 3 parts
However we believe that 2 is the most critical as it taps into a market which potential is in the Trillions of Euros
Since we are heavily partial for this particular use case, it is very logical that we adjust the protocol to satisfy all the regulations (and not, like in the cases above, adjust the application layer to workaround the protocol limitations)

To give you an example of what we can do on Dusk which would be unthinkable in Ethereum please consider the following feature.

Dusk decouples the (centralized) KYC/AML vendor process from the (decentralized) security issuance and transaction arbitration with the aid of time-locked accumulators. Cryptographic accumulators are ideal for implementing zero-knowledge white/black listing accreditation of (un-)compliant investors and automated accreditation. Also, expiry mechanism can be added for forcing rechecks. It roughly works in the following way: as soon as the KYC/AML process completes, the transactor identifier (basically his registered wallet address, but it can also be something else, i.e. biometric data, etc) is committed to the accumulator, which remains opaque and discloses nothing of its set. A witness (called compliance witness) is thus generated and returned to the applicant. Such witness is the proof of set inclusion. From that point on, all transactions related to that particular asset class (token) must include the compliance witness. Since the info is directly added as payload of our own (improved) version of bulletproof transactions, the need for open data inspection on transaction clearance is therefore removed. The accumulator is stored on-chain (as it basically is just a number) and recheck forcing can happen through a removal operation which activation can be coded trustlessly and can be as simple as a periodic expiry or by encoding more sophisticated rules through a (zk-)smart contract.
Dusk will host the accumulators directly ON CHAIN, since it is line with our strategy to handle scenario nr. 2 of the above list

Ethereum would never do such a thing considering that it would not make sense to store a data structure on chain that is specific for a tiny fraction of its applications (i.e. Polymath and Harbor) and would be completely useless for, say, propositions such as Omisego, Kyber, Basic Attention Token, Bancor, Status, Civic, Aragon, etc etc.

This means that the applications would have to battle against the Ethereum protocol (i.e. move an eventual accumulator off-chain to the detriment of decentralization).

This would have nefarious consequences for scalability as well, considering that these proposition must resort to  continuously calling smart contracts in order to arbitrate the transaction operations (to the detriment of both performance and privacy), while Dusk is in the liberty of enriching the transaction directly with zero knowledge data from the transactors (the compliance witness), leaving absolute liberty over which vendor the issuer wants to rely upon and keeping the centralized compliance-related operations (like for instance KYC/AML) separated from the transaction stream.
copper member
Activity: 474
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what is the tentative date of closing the private sale, any info regarding this is available anywhere?

It's shame that the community manager isn't really active here anymore, there are a lot of questions and doubt unanswered here, am I right?

Do they have a community manager? Really? I haven't seen him around here at all. It would be really good to get answers to the most important questions that are keep turning up here in the thread. Like more details about the token sale and private sale.

Well the one who answered all the questions in here before did an outstanding job. I've never encountered such depth when answering questions on any ann thread.
Check these posts out: https://bitcointalksearch.org/user/dusknetwork-2272999

Thanks for the kind words!
copper member
Activity: 474
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What is the current status of goals to be achieved this Q4 2018 which according to their roadmap is the platform's infrastructure?

We will release our Devnet this quarter!
copper member
Activity: 474
Merit: 21
I was just reading about the random draw token partnership......

1.Has the quota for that been reached?
2. Are USA residents eligible?
3. No more questions.

My apologies for the late reply. The sale has ended and USA residents were restricted from the sale.
copper member
Activity: 474
Merit: 21
I want to ask, the development process is still in accordance with the roadmap right? But your token will be listed on exchange only after you reach the hardcap?

Development has been an ongoing proces which started even before our privatesale started. As we already informed our investors and advisors earlier; our listing on EthFinex and BitFinex had to be delayed by a few weeks. A combination of technical delay and the poor holiday listing climate drove the decision to aim for the second week of January as the new target listing date, most probably between the 7th and the 9th.

This should give our partners at EthFinex and BitFinex enough time to clear the technical schedule, whilst it should be a much more favorable listing period for our investors and people looking to enter in the secondary market.
copper member
Activity: 474
Merit: 21
There are many chains already what makes this one special ? don't point me to whitepaper  Grin

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

Dusk is unique because our Dusk blockchain basically focuses on providing the right confidentiality in the 3 different scenario that render the platform a true network:

1 - Unidirectional atomic transfer of value (basically, payments)
2 - Bidirectional atomic exchange of value (transfer of asset ownership - securities (STO's) fall in this category
3 - Time unbound exchange of value (transmission of data stream - such as audiovisual conferencing, content streaming, etc)

We have released a series called "Dusk in a Nutshell" which explains the Dusk Network in further detail.

Part 1; https://medium.com/dusk-network/dusk-in-a-nutshell-50b6e8a17c00

Part 2; https://medium.com/dusk-network/the-anonymous-network-layer-explained-ccb93fd222ca

Part 3; https://medium.com/dusk-network/sba-in-a-nutshell-67e5ae29489b

If you prefer a more visual presentation check out the AMA with Crypto Fairy;

Part 1; https://www.youtube.com/watch?v=_eNwlWArqBY

Part 2; https://www.youtube.com/watch?v=DZ2Y0cWnWQI
copper member
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What kind of TPS will Dusk achieve?

More than TPS, which is a meaningless measure when in presence of an adaptive block size, it makes more sense to speak about throughput. Early experimentation shows that we can achieve extreme throughput by propagating block and block hashes separately (and worry about consistency later, as reconciliation would be indeed a separate matter). In this case it would not be excluded a throughput roughly 10^2 that of Bitcoin.

This expectation is dependent on a lot of configuration throttling, as it would be connected to a few implementation choices. The most important of which are probably the ring signature size and the flavour of proof range used (bulletproof being my first candidate)
copper member
Activity: 474
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The crypto market is imploding. With all due respect, how about continuing research and developing a product instead of doing talks for a handful of people? There might not be a market left in a few weeks.

I don't think the market is coming to an end, is just readjusting as it naturally happen. It will rise from the ashes as a Phoenix, don't be afraid.  Kiss

In this current market it seems like a waste of time and money to fly over the world and give presentations to a handful of people. The team already raised a few million dollar, how much more do they need? Will the milestones on the roadmap be met if the project & tech lead is on a roadshow?



These people we are presentating to are all interested in the platform. Next to development, adoption is a key part of the project. It's a common mistake to think that projects are only presentating to get investors onboard, what you really want are people being interested in launching their STO on our platform!
copper member
Activity: 474
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I see that team very active in adversiting. They had presenting in Tel Aviv few days ago:

https://www.youtube.com/watch?v=kIHX-3oaPHI

But what about partnerships? They have some solid agreement? What about projects which want to launch security tokens on their platform?

Not so sure what you mean by this, Dusk platform is for launching security tokens. And there are several other partnerships already.

I mean, is there some ICOs which want to create security tokens on DuSK platform already? What other partnerships they have?

They need to release their main net first I guess or you're assuming that someone is going to go for an STO blindly without knowing DUSK true potential?

We are already helping a few companies with setting up their STO, one of which is a real estate agent located in Malta.
copper member
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Having a test net would be very critical to the development of this project and its a great tool to make the project more solid. I assume the community would have the chance to try it or is it for the devs only?

The more people involved in the test period will be good since people can give their feedback based on their experience and I think it can be more accurate.

I think you will have to be hand picked to join their test net in the beginning, which would be logical for them to get a quality feedback from different  experts.

So only people they know?

The Devnet will only be open for developers and our Testnet will most likely be open for anyone who wishes to test it out!
copper member
Activity: 474
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Is the above video presentation related to any Public event in Tel Aviv? The appearances are from a private presentation behind closed doors. Anyway I am happy to see the continuity of the spread, and the commitment in the progress of the Project

is the team from Tel Aviv? I believe the israeli dev/blockchain  scene is top notch!

Thought Dusk was from the Netherlands though.

I also read it a few times that the team has a dutch origin.
Maybe it's a combined team, some in the Netherlands some in Isreal.

Team is from dutch afaik.
Why do you believe they are from Israel, just because they had a small meeting with potential investors in Tel Aviv?

The team is international! Most of the team are from The Netherlands and Italy though. We have headquarters in both Amsterdam (NL) and Rotterdam (NL)
copper member
Activity: 474
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what is the tentative date of closing the private sale, any info regarding this is available anywhere?

It's shame that the community manager isn't really active here anymore, there are a lot of questions and doubt unanswered here, am I right?

Really busy with everything, but back at it with full force!
full member
Activity: 588
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Good to see business development around STOs going on behind the scenes. Here on BitcoinTalk we have been a bit devoid of information especially after the EthFinex event.

Looks like smart money is anticipating security tokens becoming a new asset class.



So, they are getting good traction and investors are pretty good. It's good to see what they are achieving in early stages.

I think there are investors out there, even in this market that are hunting good projects , knowing their potentials.
sr. member
Activity: 798
Merit: 262

Good to see business development around STOs going on behind the scenes. Here on BitcoinTalk we have been a bit devoid of information especially after the EthFinex event.

Looks like smart money is anticipating security tokens becoming a new asset class.



So, they are getting good traction and investors are pretty good. It's good to see what they are achieving in early stages.
member
Activity: 546
Merit: 12

Good to see business development around STOs going on behind the scenes. Here on BitcoinTalk we have been a bit devoid of information especially after the EthFinex event.

Looks like smart money is anticipating security tokens becoming a new asset class.



It is really weird but it seems like that the interest of small investors isn't really that big (yet) at the moment when it comes to security tokens. I guess a lot of people still have ICO projects in mind where the tokens lost 90% of its initial value.

But the fact that asset management firms like Olymp Capital are investing in Dusk shows that they are believing in the strong future of security tokens. I am really wondering if security tokens can cause a similar hype like ICOs did once small investors realize that there is money to be made.
full member
Activity: 574
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Good to see business development around STOs going on behind the scenes. Here on BitcoinTalk we have been a bit devoid of information especially after the EthFinex event.

Looks like smart money is anticipating security tokens becoming a new asset class.

sr. member
Activity: 770
Merit: 250
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Maybe they are more active on Telegram/Discord?

Good call. They are definitely more active on Telegram than on this forum. Highly recommended to go there if you want to get the latest news.

I don't use telegram, i wish someone from the team would pop up here answering questions as it was not so long ago

Yes, they are very active there.
Last article I found in their announcement channel is from yesterday:

https://medium.com/@DuskNetwork/olymp-capital-invests-in-and-partners-with-dusk-network-provider-of-solution-for-challenges-to-30cd87e0eada
full member
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Maybe they are more active on Telegram/Discord?

Good call. They are definitely more active on Telegram than on this forum. Highly recommended to go there if you want to get the latest news.

I don't use telegram, i wish someone from the team would pop up here answering questions as it was not so long ago
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