#发帖赢代币NIGHT Cardano New Chain Preview: Midnight to Redefine Blockchain Privacy and Quantum Security Standards
1. The Privacy Gap in Blockchain Over the past decade, public blockchains' full transparency has ensured verifiability but has also raised significant concerns for enterprises and financial institutions regarding privacy and compliance. Midnight's positioning is programmable (rational) privacy, enabling on-demand disclosure and selective verification, making on-chain handling of sensitive data compatible with regulatory requirements. The core engineering of Midnight is driven by Shielded Technologies. CTO Bob Blessing-Hartley stated at TOKEN2049: The team's goal is to implement programmable privacy in a public chain environment, allowing users and enterprises to protect sensitive data while meeting compliance needs such as KYC/AML. They have launched the smart contract language Compact (renamed Minokawa), which has been donated to the Linux Foundation Decentralized Trust (LFDT), transitioning into neutral open-source governance, facilitating the ecosystem development and long-term evolution of privacy contract toolchains. 2. Multi-Chain Airdrops and Ecosystem Expansion In August this year, Glacier airdrop was launched, covering eight major ecosystems including Bitcoin, Ethereum, Cardano, and XRP. Over 125,000 wallets claimed 2.4 billion NIGHT tokens (recent disclosures indicate over 2.7 billion). This cross-chain distribution tests multi-signature algorithms and wallet compatibility but also demonstrates Midnight's multi-chain ambitions. Additionally, Midnight has formed a strategic partnership with Google Cloud, focusing on enterprise-level security, developer tools, and infrastructure support. Meanwhile, Shielded is developing proof servers that enable users to generate zero-knowledge proofs directly in browsers, lowering the barrier for privacy applications. 3. Post-Quantum Protection and HNDL Risks Midnight repeatedly discusses post-quantum security and the threat of “Harvest Now, Decrypt Later” during its roadmap discussions. If future quantum computing threatens current encryption, historical data could be decrypted and exploited. The project team is actively exploring forward-looking solutions in the post-quantum domain. Blessing-Hartley believes that the window for quantum risks may span several years to a decade, emphasizing the need for proactive measures. 4. Industry Outlook The financial sector is widely regarded as a potential early adopter, especially for institutional scenarios requiring private and auditable transactions on public chains. Blessing-Hartley stated that for CBDCs to succeed, privacy components will be crucial. Midnight's confidence stems from: 1. Its inheritance of Cardano's technical DNA, with deep expertise in cryptography and underlying engineering; 2. Emphasis on multi-chain compatibility from inception; 3. The proposal of a rational privacy framework that balances compliance with privacy resilience; 4. Forward-looking layout of post-quantum security. However, potential risks also exist. The performance and cost of zero-knowledge proofs remain challenging, and it will take time for the ecosystem to gather users and developers during the cold start phase. Additionally, the uncertain global regulatory environment could alter the project's progress at any time. 5. Conclusion Midnight aims to carve out a third path between transparency and privacy, not a fully anonymous chain nor an unprotected public chain, but a new infrastructure capable of dynamically balancing privacy, compliance, and efficiency. If its vision is realized, it could fundamentally rewrite the privacy standards of future blockchain technology.
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Furuixianghe
· 12-21 05:36
Stay strong, keep holding on Stay strong, keep holding on
#发帖赢代币NIGHT Cardano New Chain Preview: Midnight to Redefine Blockchain Privacy and Quantum Security Standards
1. The Privacy Gap in Blockchain
Over the past decade, public blockchains' full transparency has ensured verifiability but has also raised significant concerns for enterprises and financial institutions regarding privacy and compliance. Midnight's positioning is programmable (rational) privacy, enabling on-demand disclosure and selective verification, making on-chain handling of sensitive data compatible with regulatory requirements. The core engineering of Midnight is driven by Shielded Technologies.
CTO Bob Blessing-Hartley stated at TOKEN2049: The team's goal is to implement programmable privacy in a public chain environment, allowing users and enterprises to protect sensitive data while meeting compliance needs such as KYC/AML. They have launched the smart contract language Compact (renamed Minokawa), which has been donated to the Linux Foundation Decentralized Trust (LFDT), transitioning into neutral open-source governance, facilitating the ecosystem development and long-term evolution of privacy contract toolchains.
2. Multi-Chain Airdrops and Ecosystem Expansion
In August this year, Glacier airdrop was launched, covering eight major ecosystems including Bitcoin, Ethereum, Cardano, and XRP. Over 125,000 wallets claimed 2.4 billion NIGHT tokens (recent disclosures indicate over 2.7 billion). This cross-chain distribution tests multi-signature algorithms and wallet compatibility but also demonstrates Midnight's multi-chain ambitions. Additionally, Midnight has formed a strategic partnership with Google Cloud, focusing on enterprise-level security, developer tools, and infrastructure support. Meanwhile, Shielded is developing proof servers that enable users to generate zero-knowledge proofs directly in browsers, lowering the barrier for privacy applications.
3. Post-Quantum Protection and HNDL Risks
Midnight repeatedly discusses post-quantum security and the threat of “Harvest Now, Decrypt Later” during its roadmap discussions. If future quantum computing threatens current encryption, historical data could be decrypted and exploited. The project team is actively exploring forward-looking solutions in the post-quantum domain. Blessing-Hartley believes that the window for quantum risks may span several years to a decade, emphasizing the need for proactive measures.
4. Industry Outlook
The financial sector is widely regarded as a potential early adopter, especially for institutional scenarios requiring private and auditable transactions on public chains. Blessing-Hartley stated that for CBDCs to succeed, privacy components will be crucial. Midnight's confidence stems from:
1. Its inheritance of Cardano's technical DNA, with deep expertise in cryptography and underlying engineering;
2. Emphasis on multi-chain compatibility from inception;
3. The proposal of a rational privacy framework that balances compliance with privacy resilience;
4. Forward-looking layout of post-quantum security.
However, potential risks also exist. The performance and cost of zero-knowledge proofs remain challenging, and it will take time for the ecosystem to gather users and developers during the cold start phase. Additionally, the uncertain global regulatory environment could alter the project's progress at any time.
5. Conclusion
Midnight aims to carve out a third path between transparency and privacy, not a fully anonymous chain nor an unprotected public chain, but a new infrastructure capable of dynamically balancing privacy, compliance, and efficiency. If its vision is realized, it could fundamentally rewrite the privacy standards of future blockchain technology.