DUSK/USD has skyrocketed from $0.18 to $0.40 in less than forty-eight hours, and the current price stands at $0.32.
Dusk Network offers financial institutions to ensure data privacy and provides equal opportunity for organizations of all sizes to secure capital, trade assets, and access a full spectrum of financial services.
Blockchain for financial applicationsDusk Network is the privacy blockchain for financial applications that allow businesses to tokenize financial instruments and automate costly processes.
Dusk Network is designed to meet the standard of global regulation and empowers businesses to comply with the GDPR and financial market directives by utilizing zero-knowledge cryptography and advanced encryption methods.
It is important to say that Dusk Network is the first blockchain with native confidential smart contracts, and because of this, its clients have confidence knowing that their transactions are secure and private.
To preserve privacy in the network, Dusk is using Proof of Blind Bid consensus, which directly settles transactions within 15 seconds.
For every transaction on the network, DUSK compensates network nodes for bandwidth, verification, and storage.
This project has seen growing enthusiasm in the last several months, the community is expanding day by day, and according to the team behind this project, Dusk Network is approaching the launch of an infrastructure set to catapult capital markets.
The potential breakthroughs are limitless, and according to Dmitry Khovratovich, Lead Cryptographer, Dusk Network is now able to outperform the current industry standards. The team of Dusk Network added:
We execute on this vision by advancing the first permissionless blockchain for the issuance, trading, and management of programmable digital assets that keeps confidential information private and meets today’s industry compliance standards.
Jelle Pol, founder & business director of Dusk, said that this project creates modern, private funding options from customers to superfans to the general investment public.
$0.40 represents resistance levelDUSK has exploded since December 06, and this cryptocurrency continues to be in the focus of traders.
The daily volume of DUSK remains high, but the current price appreciation has a less fundamental background.
Data source: tradingview.com DUSK is currently trading below the recent highs, and it would be a strong sell signal if the price falls below $0.25 support.
The next price target could be at $0.20 or even below; still, if the price jumps again above $0.40, we have the open way to $0.50.
SummaryDusk Network is the privacy blockchain for financial applications that is designed to comply with strict regulatory requirements and financial market principles. DUSK has exploded since December 06, and this cryptocurrency continues to be in the focus of traders.
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