Midnight blockchain to offer zero-knowledge smart contracts.
the launch of a new privacy ledger with its own token, and the commercial division of the enterprise is planning a stablecoin
The new blockchain called Midnight will run off Cardano as one of its side-chains and will offer zero-knowledge-proof smart contracts, allowing transactions to be completed without disclosing identifiable data. The native token to the Midnight blockchain will be Dust. “This is a completely new way of writing and running private smart contracts and private computation. So you can have a private DEX [decentralized exchange] or go mine an anonymous data set or these types of things,” said Charles Hoskinson, the company’s CEO, while making the announcement at Edinburgh University in Scotland.
According to Hoskinson, the blockchain will also have a way for authorities to access the system if permission is granted.Additionally, Midnight blockchain will be more user-friendly for developers as it will be created in more widely known programming languages, starting with Typescript, than those used on existing privacy-focused blockchains Zcash
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