Imagine traditional finance as a brick wall built solidly, while the technology system built by Dusk is like a polarized glass—regulators can see clearly from a legitimate perspective, but the business secrets and personal privacy of ordinary users are completely opaque to the outside world.

Now it's the end of 2025. Looking back, the changes in blockchain over the past few years are quite obvious. We've long moved beyond the purely gambling stage; what truly drives this round of market growth is asset tokenization and digital securities issuance. Among a sea of competitors, Dusk Foundation has transformed from a privacy public chain into a digital compliance tool recognized by Wall Street institutions through deep development of its underlying protocols.

The real challenge in digital securities issuance isn't how complex the technology is; the key lies in "how to balance privacy protection and compliance review." Large institutions simply cannot accept every transaction and customer information being recorded on a fully public ledger like Ethereum. Dusk's core competitiveness, frankly, is solving this contradiction of "dancing with shackles."

Let's break down Dusk's technical core—Piecrust. This is the world's first zero-knowledge virtual machine tailored for privacy and compliance. If we compare a normal EVM to a public classroom everyone can enter, Piecrust is like a black box equipped with smart sensors. The smart contracts running inside this box keep the computation process confidential, but the correctness of the results can be verified. This design is especially suitable for institutional-level trading scenarios.