- Midnight Network, Cardano’s newest privacy-centric sidechain takes a leap towards its development phase.
- The creation from Input Output Global (IOG), the force behind Cardano, sets to be a milestone for data protection on blockchain platforms.
According to a tweet by Input Output (@InputOutputHK), a leading research and development company pioneering in blockchain innovations, Midnight Network’s official account has been set up on the X platform. Their message encourages enthusiasts to follow the @MidnightNtwrk account to stay updated about the latest advancements of this new data protection-focused blockchain.
Welcome to X, @MidnightNtwrk. 👀
— Input Output (@InputOutputHK) October 4, 2023
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Midnight Network: Cardano’s Latest Venture into Data Protection
Midnight Network emerges as a shining addition to the blockchain universe, thanks to its commitment to enhancing privacy. This recent development from Input Output Global (IOG), the name behind Cardano’s renowned PoS blockchain, promises a groundbreaking advancement in the data protection domain. With its official site introduced in the third quarter of 2023, the channel is set to bridge the communication gap between the potential users of Midnight Network and budding developers eager to innovate atop it.
While the network has been under the wraps for almost a year now, many aspects of its technological blueprint remain a mystery. However, details emerging in September 2023 reveal that IOG’s developers are gearing up for its development network phase. One standout feature is the incorporation of zero-knowledge proofs (ZKPs). ZKPs have already left their mark in various Ethereum-based solutions. Their primary purpose? To minimize the amount of verifiable information on-chain, thereby bolstering both security and efficiency.
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