The small team in Amsterdam has been quietly focusing on technology, rarely appearing on social media. Instead, their code and legal documents have become their twin flowers. Dusk Network's mainnet has been stable for a year, with active privacy transactions steadily increasing.

The key innovation is the selective disclosure mechanism—transaction data is fully encrypted and kept in a black box during normal operations, but when regulatory review is needed, users can easily authorize relevant authorities to view the data with a single click, achieving a perfect balance. This is a brilliant solution for compliance and privacy protection.

Even more interesting is Zedger, a securities tokenization tool that directly lowers the issuance costs of traditional assets on the chain. The most consistent feedback from institutions is: finally, they can confidently put real assets on the chain. From proof of concept to real deployment, privacy public chains are crossing that trust gap.