Deep Dive
1. Purpose and technology
Midnight is an independent Cardano partner chain designed for smart contracts and apps that need privacy without making every detail invisible. It uses zero knowledge proofs, which let an app verify a claim without revealing the underlying data. For example, an app could confirm someone meets an eligibility rule without exposing their full personal information. This selective disclosure approach is described in CoinMarketCap’s Midnight overview.
2. NIGHT and DUST
NIGHT is the network’s public token; it is not directly spent as a transaction fee. Holding NIGHT generates DUST, a private, non transferable resource consumed for fees and smart contract activity. This separates the token from the resource used to run transactions. CoinMarketCap’s guide to NIGHT and DUST explains the model.
Conclusion
Midnight is a blockchain built for apps that need both confidentiality and verifiable outcomes, with NIGHT generating the DUST used for network activity. Which kinds of applications will make practical use of that privacy model?
