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Strategies & Market Trends : Blockchain and Cryptocurrencies
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To: Claude Cormier who wrote (7046)11/22/2024 11:34:16 AM
From: Claude Cormier2 Recommendations

Recommended By
jaubin
LiberAbbaci

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Midnight is a new blockchain that has been in developement since 2018 by the same company that started the devlopment of Cardano in 2015.

Cardano is a 3rd gen public chain. Midnight will be the 4th gen private chain. Using advance technology like ZK Proof and able to interact with Cardano, it will be one of the top options for enterprises and governments who need to maintain privacy in any of their information systems.

Midnight should be on the mainnet in 1Q2025. The Midnight blockchain will have two tokens:

  • NIGHT: The unshielded token used for governance, consensus, and block production rewards. NIGHT functions as a deflationary token and will initially operate as a Cardano native asset
  • DUST: A shielded token serving as a resource for facilitating transactions on the network. Unlike traditional cryptocurrencies, DUST decays over time, ensuring privacy by preventing its transferability while maintaining predictable fees.

The $Night token is supposed to be the token that will be drop to ADA holders. At this point in time, nothing is known about this distribution.

Here is a technical description if you want to know more.

Breaking Down the Midnight Nightpaper
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