NIGHT is the native token of the Midnight network. Midnight is a blockchain focused on privacy, built by Input Output Global (IOG), the development company of Cardano (ADA), and can be seen as a sidechain of the Cardano ecosystem. The project is led by Cardano founder Charles Hoskinson and aims to address the contradiction between blockchain privacy and compliance.
Core features and technology
· Rational privacy: The core selling point of NIGHT is 'rational privacy', meaning transactions are confidential by default but can be selectively disclosed when necessary (such as for audits), balancing privacy protection and compliance.