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When Satoshi Nakamoto introduced the first decentralized currency over a decade ago, his primary goal was to build a digital financial system that could stand on its own, independent of any person, government or organization. Nakamoto succeeded — to a certain extent. Today, Bitcoin has achieved its objective, and the hype surrounding it is expected to continue into the foreseeable future. However, Bitcoin is far from perfect.
The advent of Bitcoin has borne fruit called DeFi, or the decentralized finance system. It’s fueled the creation of numerous other platforms such as Dusk Network. In 2021 alone, Dusk Network’s native token, DUSK, offered a staggering 1,300% return on investments for its users. This article is a deep dive into the mechanics of Dusk Network and DUSK.