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- Charles Hoskinson shared Cardano’s vision to bring together, the private and public sides of blockchain via Midnight
- ‘Midnight’ was introduced to achieve the vision of keeping public things open and private things confidential.
- Hoskinson elaborated on Midnight’s benefits; it could trigger a surge in network adoption.
In a recent interview on the YouTube channel ‘Crypto Capital Venture,’ Cardano Founder Charles Hoskinson shared insights on Midnight, Cardano’s data protection-based sidechain. Per Hoskinson’s assertions, Midnight is introduced to bring forward both the private and public sides of a blockchain together with smart contracts.
While blockchain technology is best known for its decentralized nature and transparency, its foremost challenge is that “it can’t keep a secret.” Hoskinson stated,
They’re really good at telling the truth…but they can’t hide the private state of things.
Per Hoskinson’s view, while businesses have both private and public sides, keeping the private side confidential is essential. Thus, six years ago, Cardano experimented with projects to ensure privacy with smart contracts; Midnight is an extension of these experimental projects. Hoskinson’s Input Output Global (IOG) stated that Midnight is a “new paradigm for online interaction, allowing users to control the data they choose to reveal and keep the rest off the internet.”
As stated by the Cardano Founder in the interview, the Midnight sidechain was introduced to accomplish the core visions of the platform, “Association, freedom of Commerce, and freedom of Expression,” collectively called ACE. In October 2023, Hoskinson shared an X post, introducing the Midnight protocol that envisions achieving a “system that gives us confidentiality, has privacy built in its core, enables us to associate with the people we want to, to engage in legitimate, lawful commercial transactions, and express ourselves.”
We're creating #MidnightNetwork to achieve a system that gives us confidentiality, has privacy built in its core, enables us to associate with the people we want to, to engage in legitimate, lawful commercial transactions, and express ourselves. Hear more from @IOHK_Charles: pic.twitter.com/lzVD1k4D48— Midnight (@MidnightNtwrk) October 12, 2023
Crypto Capital Venture host Dan Gambardello took to X to draw his followers’ attention to Hoskinson’s insightful words. which read,
Midnight is a partner chain of Cardano…You can sell that capability as a service to other ecosystems…and from their perspective, it looks like a layer 2 on their system, even though it settles on Cardano…
In a previous X post, Hoskinson elaborated on the potential benefits of the Midnight protocol. He pointed out how the new Cardano project could positively impact the blockchain ecosystem, triggering a surge in network adoption.
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