In a recent X thread, Input Output Global Inc. (IOG), the driving force behind the Cardano blockchain, has unveiled that its data protection sidechain, Midnight, will be launching on the devnet “soon”. This platform is designed to securely safeguard sensitive commercial and personal data, leveraging the power of zero-knowledge (ZK) technology.
Cardano Sidechain Midnight Is Set To Launch
Zero-knowledge technology, or ZK, is a cryptographic method that allows for the verification of certain information without actually revealing it. The process involves a prover, who holds a secret they wish not to disclose, and a verifier. The prover convinces the verifier of the secret’s authenticity without revealing the secret itself. The system then generates a ZK proof as validation, which the verifier can validate without ever learning the actual secret.
To illustrate, IOG provided the ‘treasure chest’ analogy: Imagine having a secret code to unlock a treasure chest. You wish to prove to
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