When it comes to privacy protection in blockchain, many projects are not thorough enough. Most only focus on the transaction layer, hiding the sender or the amount to claim "strong privacy." But anyone who has dealt with financial services knows that such protection is far from sufficient.

Why is that? Because real-world financial operations are not that simple. A single transfer is just the surface; the real key lies in the contract logic and asset structure behind it. Merely securing transaction privacy is useless if the contracts and assets are fully public—sensitive information can still be extracted, just in a different way.

DUSK's approach is different. They don't just patch a single vulnerability; they extend privacy capabilities across three levels: transactions, contracts, and assets. Only then can they truly address complex financial scenarios.

Let's start with the transaction layer. This is the most basic part, handling fund flows and transaction details to prevent market behavior from being fully exposed. But financial operations often involve multiple transfers, and the key is executing complex logic through contracts. If all contracts are public, parameters, conditions, and intermediate states during execution—business secrets—will be leaked. Imagine securities trading or structured financial products—who would dare to make these public? Therefore, DUSK adds privacy support at the contract level as well, enabling the business logic itself to be confidential.

Next is the asset layer. In reality, financial assets never require full disclosure of holdings and transfer paths to everyone. Financial institutions follow principles of limited disclosure within compliance boundaries. DUSK uses a privacy-preserving asset model, allowing tokens and assets on-chain to operate without exposing their entire state at runtime. Meanwhile, the system can still verify legality and data consistency. The two are not mutually exclusive.

A key point here: three-layer privacy is not isolated. They share the same design logic, with transactions, contracts, and assets working collaboratively within the same privacy boundary. No information leaks due to layer separation. This integrated design essentially mimics how traditional finance manages information.

From this perspective, DUSK's competitiveness is not just "stronger privacy," but more comprehensive privacy coverage. It is this deep coverage that enables blockchain to truly meet the demands of complex financial operations. No longer just protecting the surface of transfers, but delving into every aspect of financial business.