Cardano To Launch New Privacy Blockchain Called Midnight
The company behind the Cardano blockchain, Input Output Global (IOG), is launching a new, privacy-focused blockchain called Midnight and a token called “Dust” to go along with the new network.
IOG CEO Charles Hoskinson stated during an event at Edinburgh University in Scotland on Friday that Midnight, supported by zero-knowledge-proof technology, is one of many side chains being deployed around Cardano and will surpass previous privacy-coin projects by delivering zero-knowledge-proof smart contracts.
When permission is granted, Midnight Blockchain will serve as a boundary between protecting privacy and providing auditors and regulators with a backdoor into the system. Because everything at Midnight is anonymous, privacy-coin technology has advanced.
Charles Hoskinson also said the firm is releasing a token called “Dust” to accompany the new network.
The protection of basic rights to association, commerce, and speech for developers, businesses, and people will be provided through the protection-based blockchain. Midnight will preserve critical commercial and personal data.
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