Logo
Cardano Ecosystem

U.Today

10/05/2023

·

270 views


Cardano's (ADA) IOG Introduces X Page for Midnight Sidechain

Midnight, novel privacy-focused sidechain project by Cardano (ADA) Developer IOG, getting closer to next milestone

Cardano's (ADA) IOG Introduces X Page for Midnight Sidechain

Midnight, novel privacy-focused sidechain project by Cardano (ADA) Developer IOG, getting closer to next milestone

Midnight, the latest privacy-focused sidechain developed and promoted by Input Output Global (IOG), the studio behind Cardano (ADA) PoS blockchain, makes one step forward to its devnet launch.

Cardano's (ADA) Midnight Network comes to X
Input Output Global (IOG), one of the development entities behind Cardano (ADA), the second largest proof-of-stake (PoS) blockchain, introduces an official X account for its ZK-based privacy sidechain Midnight Network.

Together with the official website unveiled in Q3, 2023, the new account will be a channel for communication between potential users of Midnight Network and developers interested in building on top of it.

The representatives of Midnight Network shared the invitational video to attract Cardano (ADA) enthusiasts to the new protocol:

When the clock strikes 12, a new dawn begins. Something new is coming soon. Stay tuned.

Developers of Midnight Network will share the accomplishments of a new "data protection blockchain" on X, the inaugural post says. Also, the closed devnet phase of Midnight Network testing will go live soon.

As covered by U.Today previously, Cardano (ADA) devs announced the launch of a privacy-centric sidechain solution back in November 2022.

Bringing ZK proofs to Cardano (ADA): What do we know about Midnight?

Despite the fact that the network has been in development for almost a year, we still do not know much about its tech design and the opportunities it will offer to blockchain engineers.

In early September 2023, Input Output Global (IOG) developers announced the preparation of its devnet phase. The solution will leverage zero-knowledge proofs (ZKPs), a mainstream privacy, security and scaling mechanism.

Used in a number of Ethereum-based solutions, ZK proofs are designed to reduce the volume of information that can be verified on-chain.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on U.Today

ORIGINAL SOURCE

https://u.today/cardanos-ada-iog-introdu...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Rare Evo: A Blockchain Event

More from U.Today

See more
Cardano (ADA) Skyrockets 1,218% in Whale Inflows, What's Going On?
U.Today
Cardano (ADA) Skyrockets 1,218% in Whale Inflows, What's Going On?

07/11/2024

·

74 views

Related News

See more

Argentina Digital Nation 2024
Rare Evo: A Blockchain Event
Argentina Digital Nation 2024

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)