Finance

Dusk (DUSK) and Dvision (DVI): A Tale Of Two Networks

DUSK

Dusk Network (DUSK) is a private blockchain designed for finance applications. 

Dvision Network (DVI) is a multichain metaverse platform built on Ethereum (ETH) and Binance Smart Chain (BSC). In this post, we will find out more about both of them in some detail. Let’s get started.

Dusk (DUSK) and Dvision (DVI): All You Need To Know

Dusk Network (DUSK)

What is the Dusk Network (DUSK)?

Dusk Network, a Tier-1 blockchain running on Ethereum and the Binance Smart Chain, introduces “a new standard for compliance, control, and collaboration.” Dusk Network’s goal is to ensure that businesses of all sizes can collaborate at scale, meet compliance requirements, and keep personal and transactional data private.

Businesses use the Dusk Network blockchain to generate tokens, trade and collaborate through smart contracts. Dusk Network supports security tokens and privacy-focused finance applications by combining the versatility of smart contracts available on Ethereum, the privacy of ZCash, and the in-house developed Segregated Byzantine Agreement (SBA) consensus algorithm. One of Dusk Network’s key goals is to be an open source, public and permissionless ledger.

What is the DUSK coin project?

The DUSK coin is the native cryptocurrency that makes the Dusk Network platform work. Complying with ERC-20 and BEP-2 standards, the DUSK coin is used by businesses to create and run smart contracts or transfer securities tokens to pay for network transactions (crypto coins can be traded on platforms like quantum ai). The maximum supply of DUSK coins is 1,000,000,000.

Who are the founders of the Dusk Network project?

Dusk Network was founded in early 2018 by technology experts Emanuele Francioni and Fulvio Venturelli, and business experts Jelle Pol, Pascal Putman, and Mels Dees, who teamed up to create the platform’s privacy infrastructure.

But most notable among these names is Emanuele Francioni, the inventor of the Dusk Network blockchain and the Segregated Byzantine Treaty, the blockchain’s consensus mechanism. Francioni is also the co-author of the Dusk Network whitepaper. Having 20 years of experience in fields such as R&D, technology and software development, and cryptography, Francioni also worked at Commerzbank.

DUSK coin statistics

DUSK coin hit its all-time high, namely DUSK ATH, at $1.17 on December 29, 2021; It saw its lowest level on March 13, 2020 at $0.01106. In DUSK TRY parity, its all-time high is 15.87 TRY; It saw its lowest level with 0.1507 TRY.

What makes the Dusk Network project special?

Dusk Network has created a unique framework for businesses of all sizes to collaborate at scale, meet compliance requirements, and ensure the privacy of personal and transactional data.

Dusk Network stands out, especially with the privacy advantages it offers. Providing these advantages is an innovative smart contract called the Confidential Security Contract (XSC). XSC provides users with the ability to create, register and trade digital securities, taking care of legal privacy and data protection.

Dusk Network also has its own unique consensus mechanism. This mechanism is referred to as the Segregated Byzantine Agreement (SBA).

What is the Segregated Byzantine Agreement (SBA)?

Unlike known consensus mechanisms such as Proof-of-Work (PoW), Proof-of-Stake (PoS), the Segregated Byzantine Treaty (SBA) provides significant benefits to the purpose of the Dusk Network project. For example, the SBA offers the certainty of instant settlement. This means that there is no waiting time for block confirmations on the Dusk Network blockchain, thus a great fit for the digitization of securities.

Created in-house, the Segregated Byzantine Agreement (SBA) is a consensus mechanism that is perfectly suited for Dusk Network’s mission, thanks to its unique features.

When was the DUSK coin whitepaper released?

The Dusk Network (DUSK) whitepaper became available with its second version released on August 30, 2019, after the first version was published in the first quarter of 2018. The DUSK coin whitepaper was written by Toghrul Maharramov, Emanuele Francioni, Dmitry Khovratovich and Fulvio Venturelli.

How to get a DUSK coin?

DUSK coins can be traded on trusted cryptocurrency exchanges. It is also possible to trade in DUSK TRY parity.

Dusk Network (DUSK) Frequently Asked Questions

What is Dusk Network (DUSK)?

Dusk Network is a private blockchain designed for businesses of all sizes to collaborate at scale, meet compliance requirements, and ensure the privacy of personal and transactional data.

What blockchain network does Dusk Network (DUSK) run on?

Dusk Network (DUSK) is designed to work on Ethereum and Binance Smart Chain networks.

What does a DUSK coin do?

Holders of DUSK coins, the native cryptocurrency of the Dusk Network project, can earn income by staking their coins. The DUSK coin is also used for transaction fees on the Dusk Network blockchain.

Dvision Network (DVI)

What is Dvision Network (DVI)?

While metaverse projects have attracted great interest, especially since Facebook changed its name to Meta, Dvision Network (DVI) stands out among these projects. The Dvision Network platform has three pillars: NFT Marketplace, Meta-Space and Meta-City.

Meta-Space are virtual lands in the form of NFT, called LANDs, as in metaverse platforms such as Decentraland (MANA) or The Sandbox (SAND). On these lands, users can create various content in Meta-City, that is, in Dvision Network’s metaverse universe. Dvision Network does not limit users in terms of the content they can create. In other words, these contents can be a game, academic or commercial content, or even entertainment products to be used in-game.

The third pillar of the Dvision Network platform is the NFT Marketplace, which is compatible with multiple blockchains. Many in-platform items, including LAND, can be traded as NFTs in the Dvision Network NFT marketplace.

To access the Dvision metaverse, users must create their own personalized AVATAR (unique NFT characters) and enter the main lobby called Dvision World. Dvision World is the main lobby that connects all existing Meta-Cities in the Dvision metaverse. Through this lobby, users can go to the LAND they want to spend time in or to the city where they want to acquire LAND.

Who are the founders of Dvision Network (DVI)?

There are many partners who have come together to develop the Dvision Network. Chief among these is Jung Hyun Eom, who is also the CEO of the company. Jung Hyun Eom has 17 years of brand development experience.

The company’s CTO, Jae Suk Hang, is an academic from KAIST with a bachelor’s degree in electrical engineering and a master’s degree in digital image processing. Seong Chan Hong, who is in the CLO position, is the managing partner of EzLaw.

Sung Soo Kim is the head of virtual reality (VR) development.

DVI token project

The native cryptocurrency of the Dvision Network platform is the DVI token. DVI token supports both BEP-20 and ERC-20 standards. The DVI token, the utility and governance token of the Dvision Metaverse, has been integrated into multiple use cases to power the entire ecosystem of the platform.

First, users need to pay with DVI tokens to access any content created in Meta-Spaces, i.e. metaverse lands, offered in Meta-City. Besides content access, the DVI token is also used as a medium of exchange between content creators and business owners. The DVI token is used to earn income for LAND owners as well as content access. LAND owners can receive ads on these metaverse lands they own, and businesses pay LAND owners with DVI tokens for advertising. Finally, on the Dvision NFT marketplace, trades are also made with the DVI token.

The maximum supply of DVI tokens is 1,000,000,000.

DVI token hits all-time high at $3.16 on November 21, 2021; it hit its all-time low at $0.03408924 on November 9, 2021. In DVI TRY parity, the highest is 43.02 TRY; It has seen the lowest level of 0.277897 TRY.

What makes the Dvision Network project special?

Creating and trading NFTs on networks like Ethereum (ETH) can incur high transaction fees. This may prevent users from creating and trading NFTs with these cryptocurrencies. Dvision Network provides a solution to this problem.

To solve this problem, Dvision leverages the Enjin (ENJ) based JumpNet bridge network that enables instant and free NFT transactions. So, creating NFT on Dvision Network is a much cheaper and faster process.

Alongside this NFT creation advantage, Dvision Network has created a unique metaverse ecosystem that allows unlimited creativity to its users.

When was the Dvision Network whitepaper released?

Dvision Network (DVI9 whitepaper, released July 2021.

In the whitepaper, Dvision Network is described as “a blockchain-based NFT metaverse platform”. 

DVI token, the cryptocurrency of Dvision Network, is distributed as follows, according to the whitepaper:

25%: Development

20%: Token sale

%17: Ecosystem

15%: Marketing

10%: Team

%10: Reserve

3%: Consultants

How to get a DVI token?

The DVI token can be traded on trusted cryptocurrency exchanges. It is also possible to trade in DVI TRY parity.

Dvision Network (DVI) Frequently Asked Questions

What is Dvision Network (DVI)?

Dvision Network (DVI) is a multichain metaverse platform compatible with Ethereum (ETH) and Binance Smart Chain (BSC) blockchains.

What does the Dvision Network metaverse consist of?

The Dvision Network metaverse has three pillars, Meta-Space, Meta-City, and NFT Marketplace.

What does the DVI token do?

With the DVI token, NFT can be traded on the Dvision Network’s NFT marketplace. In-app purchases and transaction fee payments are also made with DVI token.

What makes Dvision Network unique?₹

With Dvision Network, it is possible to produce NFTs much cheaper and faster than blockchains such as Ethereum

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