📢 The ProPicks AI strategy to watch when Tech rally slows down. It did 2X the S&P in July!Unlock AI Insight

Cardano Founder Underlines Important Aspects of Upcoming Midnight

Published 2023-10-11, 11:16 a/m
Cardano Founder Underlines Important Aspects of Upcoming Midnight

U.Today - A special X space with Eran Barak, CEO of Midnight Network, and Cardano founder was held on Oct. 10.

In the intriguing X space, the Cardano founder and Midnight CEO spoke extensively on the goal of Midnight, Input Output Global's innovative data protection blockchain.

Charles Hoskinson first unveiled Midnight and its native token, DUST, at IO ScotFest in November 2022. Midnight, the result of four years of foundational research and applied development, is now available in a Sandbox devnet for a small set of early adopters.

Recalling the X space, the Cardano founder took to X to ask for feedback from the community on how the social media discussion went.

In response to the Cardano founder's inquiry, a user asked if it was still the plan to reward stake pools on Cardano for the validation of Midnight transactions, to which Hoskinson replied yes.

More on Midnight

is a data-protection blockchain that makes it easier to build secure, compliant smart contracts and decentralized applications (dApps) on the blockchain.

Midnight employs a language that is familiar to thousands of developers and offers a plug-in for Microsoft (NASDAQ:MSFT) Visual Studio Code.

It employs a revolutionary data-protection-first programming style that will make zero-knowledge (ZK) technology accessible to a broader range of dApp developers.

It is now ready for release to a small set of individuals as an early development environment — the Midnight Devnet. The release of Midnight on devnet may that a mainnet or public testnet release is not far away, a transition that has major ramifications for Cardano.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.