Cardano launches NIGHT privacy network: expanding blockchain privacy capabilities without compromising ADA
With the launch of the Midnight network and its native token NIGHT in the Cardano ecosystem, there was a discussion in the community about whether it would replace ADA. In response, Cardano founder Charles Hoskinson clarified that this understanding is a misconception. The goal of NIGHT is not to replace ADA, but to serve as an important component of Cardano's privacy network, expanding the application boundaries of the entire ecosystem without compromising ADA's core value.
Midnight is a privacy and compliance extension layer within the Cardano system, focusing on privacy smart contracts, selective disclosure, and data protection that meets regulatory requirements. This direction has attracted market attention and also raised concerns among some investors about value transfer. Hoskinson emphasized that the existence of NIGHT is to enhance Cardano's overall capabilities, not to divert or weaken ADA's position.
Midnight is a privacy and compliance extension layer within the Cardano system, focusing on privacy smart contracts, selective disclosure, and data protection that meets regulatory requirements. This direction has attracted market attention and also raised concerns among some investors about value transfer. Hoskinson emphasized that the existence of NIGHT is to enhance Cardano's overall capabilities, not to divert or weaken ADA's position.
