When it comes to Dusk, many people's first reaction is "privacy public chain," but this understanding is actually a bit superficial. Looking deeper, privacy is just a tool in its hands; the real core issue is: how to keep blockchain finance running under regulatory constraints?

Think about reality. Most public chains are born in relatively free environments, where transparency and traceability are touted as selling points. But once your assets are associated with securities attributes, this transparency becomes a problem—who is trading, what is being traded, whether it meets access thresholds—these pieces of information cannot be openly disclosed, nor can they be completely hidden.

What is Dusk's approach? It uses cryptography to eliminate the "human trust" link, directly embedding privacy and compliance into the protocol layer.

On the Dusk network, zero-knowledge proofs are not just a flashy feature but a true infrastructure. User identities, transaction limits, asset allocations can all be hidden, but whether you are following the rules can be verified immediately on-chain. Regulators don't need to grasp all the details; they only need to confirm one thing: "Are the rules being followed?" This logic is closer to the auditing approach in real-world finance, making it easier for institutions to accept.

So you'll see that Dusk never greedily chases the hot trends. Securities tokens, compliant DeFi, institutional-grade applications—these are what it truly aims at. Instead of stacking user numbers first and then patching compliance gaps, it's better to start on the right track from the beginning.