9:30 AM ▪
3
min reading ▪ acc
One of Cardano’s special features is its sense of innovation. His stats prove it. Since its inception, Cardano has established itself as a vital platform at the forefront of blockchain technology. The latest revelation? The meteoric progress of Midnight, his privacy-focused sidechain project, speaks volumes about his future ambitions.
Cardano and midnight: relentless innovation
Under the leadership of Charles Hoskinson, Cardano continues its march forward with Midnight, a solution that enhances data security. This sidechain projectdedicated to data protection and confidentialityseems to be well on its way to revolutionizing the cryptocurrency world. Recently, Stevan Lohja, a developer at Input Output (IOHK), published an image on X that shows technical processes related to Midnight, including “block synchronization” and “operation verification.”
This technical advance is not trivial:
- real-time block synchronization;
- Launch sessions are in progress;
- A stable network is coming.
Hoskinson reacted to this development with humor, posting a Star Wars meme: “ Everything is going exactly as I planned. »
However, this relaxed touch does not erase the problem: Midnight is well on its wayand the Cardano community, the issuer of the ADA cryptocurrency, remains vigilant.
Crypto and Confidentiality: The Midnight Bet
Midnight doesn’t just walk in the shadows, he promises balancing confidentiality and compliance Thanks zero-knowledge cryptography or ZeroKnowledge (ZK).
This side chain, powered by NOC and DUST tokensis gearing up to offer private transactions without compromising on transparency, a bold challenge in the crypto ecosystem. NIGHT will be used for network and utility management, while DUST will act as a gas token.
THE “Night paper”, white paper recently published, sets out the technical ambitions and future phases of the project. WITH The midnight testnet will be operational soonusers will finally be able to explore this secure environment.
Next step? A large-scale public test that makes it possible to confirm the promises of this innovative infrastructure.
Curiously, by refusing to burn ADA cryptocurrencies, Charles Hoskinson surprises the Cardano community, a surprising choice given that the process would increase the rarity and value of the asset.
Maximize your Cointribune experience with our “Read and Earn” program! Earn points for every article you read and get access to exclusive rewards. Register now and start reaping the benefits.
The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.