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<ul>
 <li>The IOG is setting the stage to launch its Midnight Network.&nbsp;</li>
 <li>This network is a privacy-friendly sidechain that uses zero-knowledge proofs (ZKPs).</li>
 <li>Charles Hoskinson, CEO of Cardano and IOG talks about connecting identity with privacy.</li>
</ul>
<p>Input Output Global (IOG) is putting Cardano (ADA) further in the spotlight with the upcoming devnet launch of Midnight. The <a href="https://midnight.network/" target="_blank" rel="noopener noreferrer nofollow">Midnight Network</a> is a privacy-friendly sidechain that uses zero-knowledge proofs (ZKPs).</p>
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   <p lang="en" dir="ltr">“How do you link identity and privacy in the right way, where you preserve the rights of individuals?” – IOG CEO <a href="https://twitter.com/IOHK_Charles?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@IOHK_Charles</a> <br><br>This is what we've been working on for over 4 years with <a href="https://twitter.com/hashtag/MidnightNetwork?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MidnightNetwork</a>. <br><br>Learn more: <a href="https://t.co/IZatsA5RYS" rel="noopener noreferrer nofollow">https://t.co/IZatsA5RYS</a> <a href="https://t.co/vDlJ4aooN4" rel="noopener noreferrer nofollow">pic.twitter.com/vDlJ4aooN4</a></p>— Midnight (@MidnightNtwrk) <a href="https://twitter.com/MidnightNtwrk/status/1710652536649089473?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 7, 2023</a>
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<p>A cryptic introduction via X-Page unfolds a new chapter for developers and users that aims to strengthen privacy and optimize data protection in blockchain interactions and the creation of decentralized applications (DApps).</p>
<p>From the post above, we see how CEO of IOG, <a href="https://cryptonewsland.com/cardano-ceo-appalled-at-sbfs-soft-treatment-amid-mounting-evidence-of-fraud/" target="_blank" rel="noopener noreferrer nofollow">Charles Hoskinson</a> explains how one can link identity to privacy in the right way. He talks about how blockchain development, privacy and innovative functionality often stand as two pillars, occasionally at odds with each other, but fundamentally inseparable.&nbsp;</p>
<p>So, <a href="https://cardano.org/" target="_blank" rel="noopener noreferrer nofollow">Cardano</a>, under the <a href="https://cryptonewsland.com/hoskinsons-take-on-cardanos-potential-for-global-dominance/" target="_blank" rel="noopener noreferrer nofollow">clever development</a> of Input Output Global (IOG), introduces the Midnight Network, a ZK-based privacy sidechain that seamlessly connects these two pillars, forging a path rarely taken.</p>
<p>Midnight is shrouded in mystery as there is little explicit information about its technical architecture and potential opportunities for blockchain engineers. What shines through the silence, however, is a commitment to improving privacy through the use of zero-knowledge proofs (ZKPs), a technology that confirms the accuracy of information without disclosing the data itself.</p>
<p>IOG elegantly staged the unveiling of the Midnight Network by inaugurating its X account along with an official website in the third quarter of 2023. These platforms not only serve as information portals, but they also act as channels for lively communication between potential users and developers intrigued by the prospect of building on them.</p>
<p>As Midnight’s clock inches closer to the Devnet phase, working methodically for almost a year, there is an expectant silence in the decentralized world. Developers and Cardano enthusiasts are being urged to embrace the new protocol.</p>
<p>Additionally, Midnight is positioning itself as a potentially revolutionary player in the space of tokenized digital assets, including NFTs, where users can interact, transact and engage without losing their anonymity.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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 <li><a href="https://cryptonewsland.com/iog-set-out-to-build-connections-throughout-mongolia/" rel="noopener noreferrer nofollow">IOG Set Out to Build Connections Throughout Mongolia</a></li>
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</ul>
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/cardanos-privacy-first-sidechain-midnight-network-set-to-debut/">Cardano’s Privacy-First Sidechain Midnight Network Set to Debut</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Cardano’s Privacy-First Sidechain Midnight Network Set to Debut

Crypto News Land

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