As blockchain has developed to this point, there is indeed an indescribable sense of irony. Initially, everyone was shouting "financial freedom" and "decentralization," but what was the result? Every transaction on many public chains is obvious, completely transparent, and can be checked or tracked at will. Ordinary users find it fresh and interesting, but institutional investors shake their heads—how can real money be placed on such a chain?

This is also why some projects did not follow the trend to boost TPS or争夺 the title of "most decentralized," but instead considered a more realistic question: what kind of privacy protection do financial institutions truly need?

It’s not about obscure, opaque privacy, but a balance of "sensitive information must be kept confidential, and the calculation results must be verifiable." Imagine a company issuing structured products on-chain, involving complex logic such as revenue sharing, trigger conditions, and default clauses. If everything is made public, competitors can analyze your strategy in minutes; but if everything is completely hidden, who dares to participate?

Dusk’s solution achieves this breakthrough using cryptographic technology—allowing the computation process and results to be verified, while the specific data can only be seen by relevant parties. This approach aligns well with the logic of real-world finance. Traditional interbank transfers do not publish personal transaction details online, and listed companies do not post their betting clauses on the street. If public chains want to attract institutional funds and carry real assets, they must find a balance between "openness and transparency" and "business confidentiality."

From this perspective, $DUSK ’s role is far more than just collecting transaction fees.