Blockchain privacy shifts from the idea of โhiding everythingโ to the concept of โproving only what matters.โ ๐
This is where NIGHT comes in โ the native token of the Midnight network, an independent Layer 1 network focused on programmable privacy.
โข
$NIGHT โ for governance and network usage, and itโs separate from ADA.
โข DUST โ a non-transferable resource, generated and replenished via NIGHT to run private transactions.
๐น Selective Disclosure โ proving the validity of a specific piece of information without revealing the underlying base data.
๐น Dual Ledger โ a general ledger format on the network, with protected execution for sensitive details.
๐ฆ Institutional adoption: Monument Bank targets up to ยฃ250 million in tokenized customer deposits, along with a list of institutional auditors including Google Cloud and MoneyGram, as well as Pairpoint, which is part of Vodafone.
While
$ZEC represents the established narrative of protected privacy, and
$ZAMA explores confidential computing through FHE technology, Midnight focuses on programmable privacy with selective disclosure.
Most importantly: Midnight was developed by Input Output, but it remains an independent Layer 1 network โ not a sidechain of Cardano and not a Layer 2.
๐ Privacy + Proof + Institutional Use.
It looks like an important narrative in the Web3 world is starting to take shape. ๐๐ฅ
LFG!
NFA + DYOR
#MidnightNetwork #ProgrammablePrivacy