Cardano Founder Details Vision for Privacy-Centric Blockchain ‘Midnight’
- Charles Hoskinson discussed difficulties in integrating real-world apps onto blockchain platforms.
- Midnight aims to preserve decentralization, creating a seamless, interconnected blockchain ecosystem.
- Hoskinson highlighted the development of Decentralized Identifiers, private smart contracts, and MRC as essential technologies for Midnight.
Cardano founder Charles Hoskinson recently revealed the origins and guiding principles behind Midnight, a new privacy-focused blockchain platform, during a podcast interview.
The host inquired about Midnight’s core principles, seeking to understand the challenges and motivations behind its creation.
Hoskinson explained that the blockchain industry has always sought to integrate real-world applications and assets, including real estate, securities, intellectual property, gold, and decentralized autonomous organizations onto blockchain platforms.
However, traditional blockchains are inherently public and transparent, making all transactions visible. While this transparency ensures immutability and auditability, it poses challenges for businesses that need to protect proprietary information.
He noted that every busine…
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