Over the years, I've seen too many blockchain projects hype up—some aggressively promote TPS, some pile on stories of decentralization, and others just chase hot trends and follow the crowd. But the Dusk project seems to be taking a different path.

It's not about creating buzz, but about tackling hard problems. What hard problems? The actual issues that prevent financial institutions from going on-chain.

The core logic is actually quite simple: real financial activities can't run on completely transparent ledgers. Imagine exposing a bank's positions, the investment strategies of asset management firms, or the transaction details of financial asset issuers—if all that is laid bare in the sunlight, who would dare to use it?

Dusk's approach is to start from the perspective of privacy. It's not about avoiding regulation, but about providing financial institutions with a reasonable level of protection—allowing you to be verifiable without having to reveal all your cards. This is what institutions truly care about.