When it comes to the construction of financial infrastructure in the crypto space, Dusk is indeed an unavoidable project. Established in 2018, it is considered an early participant in this field, positioning itself from the very beginning in the Layer 1 underlying blockchain track, specifically building a "regulated + privacy-focused" financial infrastructure ecosystem. This direction was quite forward-thinking at the time and demonstrated considerable foresight.

Why is this positioning so popular? The core issue lies in the contradiction that the mainstream adoption of crypto finance inevitably faces—regulation versus privacy. Ordinary users operating on DeFi are most concerned about their transaction information being leaked; meanwhile, institutional investors want to enter the market but fear non-compliance leading to regulatory scrutiny. These two needs seem inherently conflicting, but Dusk aims to find a balance between them.

Its solution is built on a modular architecture. This design logic is like building blocks—different types of financial applications—such as institutional wealth management tools, compliant lending platforms, and even tokenized real assets like real estate and gold—can be flexibly constructed on the same underlying layer. Developers do not need to reinvent the wheel, significantly lowering entry barriers and development cycles.

More notably, Dusk embeds privacy protection and auditability directly into the core protocol design, rather than as a later patch. This means that when users conduct financial transactions on-chain, their assets and transaction records are protected by privacy, preventing arbitrary exposure; at the same time, regulatory agencies can access necessary information through compliant audit channels, effectively preventing money laundering and illegal operations. This "both-and" technical implementation grants Dusk a unique competitive edge in the field of crypto financial infrastructure.