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11/22/2022

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Privacy Network Monero Draws Back Negative for Cardano Midnight

The post Privacy Network Monero Draws Back Negative for Cardano Midnight appeared on BitcoinEthereumNews.com. The Cardano community received joyful news on Friday following the announcement of Midnight and Dust. The former is said to be a sidechain based on...

Privacy Network Monero Draws Back Negative for Cardano Midnight

Cardano

The Cardano community received joyful news on Friday following the announcement of Midnight and Dust. The former is said to be a sidechain based on zero knowledge data protection and the latter is a respective token of the chain. 

The privacy-focused blockchain Monero criticized Midnight, claiming it featured a “backdoor,” as was previously reported. Utilize Cardano Midnight if you want to use a “privacy” blockchain with a backdoor; use Monero if you want true privacy without gimmicks, according to tweets from Monero that have since been removed from its official Twitter page.

It continued further noting that if Monero loses to this then it will mean that this community deserves to lose. Monero, said to consult founder of Cardano blockchain network, Charles Hoskinson also on the use of the word “backdoor” while describing the Midnight blockchain.

An article that quoted the founder of Cardano which was the root of the confusion as saying that the system would be able to walk the line between two possible choices preserving the consistent anonymity and allowing regulators and auditors a particular backdoor to intrude into the system whenever the permission would be granted.

Currently, Monero’s derogatory tweets on Midnight have been deleted, including its comments about Cardano’s founder. Following this, numerous Cardano users criticized Monero for passing judgment quickly based on a third-party report. 

One Cardano stake pool operator named Rick McCracken started a debate about the research that forms the basis of the Midnight blockchain, and the only tweet that was displayed on its page was a reply to that topic. Typically, just what could be implemented is described in research papers, not the exact final implementation. Here is a section about potential privacy backdoors.

Monero acknowledged that most research papers only outline potential implementations rather than detailing how they will actually be carried out. The implementation might not have made advantage of any of the supposed privacy back doors, it should be added.

Rob Adams, executive vice president of strategy at Input Output Global, agreed and said the following that there are not any backdoors in Midnight. Despite what some people have said about it recently and even he is not sure of the source of specific assertion.

Source: https://www.thecoinrepublic.com/2022/11/21/privacy-network-monero-draws-back-negative-for-cardano-midnight/

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