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.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu