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Cardano’s Parent Group Announces New Privacy-Centric Blockchain and Token
Cardano’s parent Group Input Output Global (IOG) has announced the launch of a new data-protection and privacy-centric blockchain platform along with an accompanying token.
New Privacy-Centric Blockchain
Charles Hoskinson, the company’s chief executive officer made this announcement last Friday while speaking at an event at Edinburg University in Scotland. dubbed “Midnight” the blockchain will function as one of the side-chains running off Cardano and shall offer zero-knowledge-proof smart contracts.
This would allow parties to complete transactions without the need of disclosing any identifiable data to each other. The native cryptocurrency of the Midnight blockchain is “Dust”.
Interestingly, this development comes at a time when regulators worldwide have been going after privacy-centric blockchain platforms. However, knowing this fact, Charles Hoskinson has kept some room to address th
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