The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Cardano Developer Working on New Privacy-Focused Altcoin and Blockchain, According to Charles Hoskinson

by Henry Kanapi
November 21, 2022
in Altcoins, Blockchain

Cardano (ADA) creator Charles Hoskinson says that Input Output Global (IOG) is gearing up to launch a new altcoin and blockchain designed to protect a user’s privacy.

Presenting as a keynote speaker in this year’s ScotFest event, Hoskinson says the Cardano developer is working on Midnight, which he notes was born out of the need to create a coin “with privacy at its core.”

According to a slide shared by Hoskinson on stage, Midnight is a data protection-focused blockchain that aims to safeguard sensitive commercial and personal data. The blockchain’s mission is to “create a principled system to give people fundamental freedoms of association, commerce and expression.” Midnight is being designed to give users the autonomy and control over the handling of their data.

In addition to providing privacy for users, Midnight is also being built with smart contract capabilties that will enable developers to “quickly build and deploy confidentiality-focused DApps (decentralized applications) using many programming languages.”

Says Hoskinson,

“One of the reasons why a lot of people sign up for cryptocurrencies is they mistakenly believe that cryptocurrencies have this capability. They mistakenly believe that cryptocurrencies will give them privacy, and freedom of expression and association and commerce.” 

Charles Hoskinson also says that they plan to integrate Midnight to Cardano and reward stakepool operators with a new cryptocurrency.

“We’re taking that Midnight virtual machine and we’re going to launch it as a sidechain of Cardano… What’s really interesting about the way sidechains on Cardano work is that it’s a partnership. It’s magical in that respect.

So [Midnight] is a new blockchain. What does it need? It needs decentralization. It needs security. It needs infrastructure. It needs liquidity. It needs an ecosystem. Every new blockchain needs [those]. Cardano actually has [them]… It would be real cool if Cardano could give that to Midnight. What’s Midnight going to give back to Cardano because partnerships are partnerships? 

If Midnight’s got a token, in this case, we call it Dust, then what happens is that the stakepool operators maintain the Midnight ledger with those high-performance, high-throughput protocols. What they’re going to do is they pay rewards back to the stakepool operators and the ADA holders. At some point when Midnight launches, you get Dust and ADA.”

I

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Explode/Natalia Siiatovskaia/Nikelser Kate

Submit a Press Release

Industry Announcements

  • Sports Prediction App Pooky Launches Full Version of Its Play-and-Earn Game
    March 23, 2023
  • StormGain Launches StormGain DEX for User-Friendly Decentralized Crypto Trading
    March 23, 2023
  • KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum
    March 22, 2023
  • Metacade Presale Hits Final Stage Before Listings, Raising Over $500,000 in Under 24 Hours
    March 22, 2023
  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
  • Coinfest Asia Is Back in 2023 Carrying the Theme of Web 2.5
    March 20, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,505.64
$28,505.64
3.8%
Ethereum
$1,827.97
$1,827.97
4.69%
Cardano
$0.374625
$0.374625
3.19%
XRP
$0.449423
$0.449423
5.32%
Dogecoin
$0.078094
$0.078094
4.79%

Spotlight

  • FDIC Set To Sell Crypto-Friendly Bank in $38,400,000,000 Deal, but Excludes Digital Asset Banking Branch From Transaction
    March 21, 2023
  • Investor Who Called 2022 Crypto Bottom Says Beautiful Set Up Forming for Bitcoin (BTC)
    March 21, 2023
  • Ethereum (ETH) Still Has Room To Run Higher, According to Crypto Analytics Firm Santiment – Here’s Why
    March 21, 2023
  • Bloomberg Analyst Says Bitcoin Could Be Kicking Off New Supercycle As BTC Outperforms Gold
    March 21, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl