Cardano (ADA) News: Ecosystem Gets a Privacy Boost as Midnight’s NIGHT Goes Live

Cardano's long-awaited privacy architecture, Midnight, has officially launched with the debut of its NIGHT token, which experienced initial volatility but quickly gained traction on major exchanges like OKX and Bybit. Midnight is designed as a partner chain to provide Cardano with a programmable privacy layer utilizing zero-knowledge proofs (ZKPs). Unlike fully anonymous coins, Midnight employs a dual-state architecture that separates public and private data, allowing for controlled disclosure to auditors or counterparties. This means applications can selectively reveal necessary transaction details without exposing all on-chain activity, targeting real-world use cases like regulated DeFi and enterprise data exchange. A key component is Compact, a TypeScript-inspired smart contract language aimed at making ZK development accessible. The token supply distribution is unconventional, allocating 100% of the 24 billion NIGHT tokens across eight major ecosystems, including Bitcoin and Ethereum, to foster cross-chain adoption. The success metrics will involve integration with Cardano DeFi, bridge volume growth, and developer adoption of Compact.

(Source：CoinDesk)