Svmuu News Cardano founder Charles Hoskinson announced the launch of the privacy-oriented partner chain Midnight. The network has generated its genesis block, marking the official operational phase of the project.
Developed by Input Output Global, Midnight is positioned as a "fourth-generation blockchain," aiming to drive real-world asset tokenization through end-to-end privacy capabilities. The network utilizes zero-knowledge proof (ZK) technology to enable selective data disclosure, protecting user privacy while meeting compliance requirements.
In terms of architecture, Midnight features its own independent ledger, consensus mechanism, and smart contract environment, and connects to the Cardano ecosystem via interoperability design. Its hybrid ledger supports processing both public and private data within the same transaction, and provides the ability to conceal balances and counterparty information.
Furthermore, Midnight introduces a programming language named Compact to lower the barrier for developers building privacy applications, and adopts a dual-token model to optimize network usage costs and incentive mechanisms.