Dusk, a blockchain network that streamlines the issuance of digital securities and automates trading compliance with programmable and confidential securities, recently announced the launch of ‘Shin’ – the first public testnet. This is a milestone for the project, with the mainnet expected to go live sometime in Q3. The network is flexible and can go beyond its primary focus, Dusk is an advanced zero-knowledge protocol that can be used for all kinds of use cases.
The Shin testnet the first publicly-available implementation of the Dusk Network protocol. As mentioned above, Dusk Network is a privacy-oriented blockchain protocol, that anyone can use to create zero-knowledge dApps. The Dusk Network protocol is secured via Segregated Byzantine Agreement consensus protocol. Segregated Byzantine Agreement is a permissionless consensus protocol with statistical block finality. Segregated Byzantine Agreement also includes Proof of Blind Bid, a Private Proof-of-Stake implementation, that enables block generators to stake anonymously.
“The release of Testnet Shin marks a significant milestone for Dusk Network and the entire world of decentralized applications. Since our inception in early 2018, we have been at the forefront of research and development in reg-tech, zero-knowledge cryptography, and digital finance. We are ecstatic that these efforts are finally coming to fruition. We will build on this momentum and bring our ledger to a large public.’’
— Emanuele Francioni, Founder and Tech Lead of Dusk
This first public implementation of the Dusk Network protocol serves as a welcome for community members to preview the technology and help the Dusk development team with the testing phase.
The goal of Testnet Shin is for users to engage with the technology and provide feedback on the quality, function, and overall experience of the protocol. During Shin, the team will be monitoring the network and collecting the relevant statistical data which will help to finalize the parameters of the consensus protocol and Dusk Network’s crypto-economic model.
Dusk Network Public Testnet Shin includes the following modules: Cryptography, Consensus, Networking and database module, and CLI wallet.
DUSK is the native currency of the Dusk Network. It is used to operate the network’s various functionalities such as transactions of DUSK or XSC-based digital securities. Due to its compatibility and ease-of-use DUSK plays a major role in digital securities’ transactions, dividend payouts, and as a reward for stakeholders who process and store truthful information that flows through the network.