Dusk Network tackles financial privacy concerns with DayBreak

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The privacy-preserving, layer-1 blockchain enables businesses and consumers to reap the benefits of a public network for an array of financial applications compliant with legal requirements.

Dusk Network, an Amsterdam-based fintech company, has successfully launched its testnet called DayBreak today. With the launch of the testnet, the public can interact with the network for the first time. 

Dusk Network is a layer-1 blockchain protocol capable of powering privacy-preserving smart contracts that satisfy business compliance criteria. The network is secured by a novel and fast proof-of-stake (PoS) consensus with settlement finality guarantees — an important requirement for financial use cases. This opens up new opportunities for communities and organizations that are looking to embrace blockchain for business and use it to address the inefficiencies of traditional finance. 

Compliance and a real-world solution

Traditional financial institutions, such as…

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