As we quickly approach 2026, the pace of innovation in the blockchain space is truly overwhelming. In this wave, Dusk Network has become an unavoidable name in the financial application track. As a long-term observer of this ecosystem, I have watched Dusk evolve from an early concept to practical implementation. This is not only a technological breakthrough but also a pioneering exploration of truly integrating privacy protection with regulatory compliance.

In early 2025, the Dusk Network mainnet officially launched, marking a significant milestone. The practical application of privacy blockchains in finance represents a crucial step forward. Unlike many similar projects, Dusk's core design logic is based on a selective disclosure mechanism. Leveraging zero-knowledge proof capabilities, it allows users to protect their sensitive data while meeting necessary audit and traceability requirements. This solution aligns with the EU's MiCA regulations, creating a transaction process that is traceable for financial institutions while personal privacy remains protected.

Alongside the mainnet launch, Phoenix 2.0 transaction model was also introduced. The beauty of this privacy protocol is that it enables the recipient to identify the sender's identity, ensuring the auditability of the transaction chain, while the specific transaction details remain encrypted. For institutional users, what does this mean? They can now complete transactions and settlements quickly and efficiently without sacrificing security and privacy.

From a technical perspective, Dusk underwent multiple rounds of testing and optimization before going live. Although this process was time-consuming, it was this rigorous approach that endowed the network with sufficient stability and usability. Looking at the entire Web3 financial track, solutions that balance privacy and compliance like this are indeed rare.