To talk about the background of this project again, it is deeply tied to Cardano. I feel that what it wants to do is not another hyped-up air.

Incredible major vulnerability, iOS users must check if they have been affected!!!

Google has revealed the latest iOS system vulnerabilities and attack chains
🥶
Attackers can directly steal wallets and private keys

Quick check

I just looked at the white paper for Midnight, and there’s something quite interesting in it called DUST, which roughly translates to dust in English. This design is completely different from the logic of the public chains we usually play with, and even a bit counterintuitive. Normally when we do a transfer, whether it’s Bitcoin or Ethereum, the fee is directly deducted from your coins, right? But this project has a dual token model, with the core token called NIGHT and the fee resource called DUST.
The most bizarre part is that this DUST will disappear. @MidnightNetwork
At first glance, this seems quite a loss; I’ve already bought the coins, why should the fees I generate expire? But if you think calmly, this is actually a very rational business logic. $NIGHT
{spot}(NIGHTUSDT)
The current public chains have a major problem, which is that the fees are too unstable. When the coin price rises, transferring becomes extremely expensive. But Midnight’s logic is that the NIGHT you hold determines your bandwidth. No matter how many times the external coin price multiplies, as long as your NIGHT remains unchanged, the amount of DUST you can generate daily is fixed. This provides an expectation for businesses that are genuinely doing business. #night
Speaking of the background of this project, it is deeply connected with Cardano. I feel that what it wants to create is not another speculative bubble, but a base that can run compliant businesses. Its smart contracts are written in TypeScript, which is widely used among programmers. You don’t need to learn those strange programming languages to write contracts with privacy features.
The current blockchain is too transparent; anyone can see how much money you have transferred to whom. What Midnight wants to solve is this: I want to prove that I have money to pay, but I don’t want you to see how much is left in my wallet.