The company that created the <a href="https://www.cryptoknowmics.com/news/cardano-based-regulated-stablecoin-usda-will-hit-market-in-2023">Cardano</a> blockchain, Input Output Global (IOG), is <a href="https://iohk.io/en/blog/posts/2022/11/18/iog-announces-new-blockchain-to-protect-data-and-safeguard-technology-freedoms/" target="_blank" rel="nofollow noopener">launching</a> a brand-new network called Midnight that focuses on privacy and a <a href="https://www.cryptoknowmics.com/news/starkware-launches-starknet-crypto-token-on-ethereum-blockchain">token</a> called dust to go along with it.

https://twitter.com/IOHK_Charles/status/1593624972001349632
<h2>Midnight to Protect Privacy</h2>
IOG CEO Charles Hoskinson stated during a talk at Edinburgh University in Scotland on Friday that Midnight, supported by <a href="https://www.cryptoknowmics.com/news/bnb-chain-announces-zero-knowledge-proof-scaling-technology">zero-knowledge-proof technology</a>, is one of several side chains now being implemented around Cardano. Midnight will surpass earlier privacy-coin efforts by offering zero-knowledge-proof smart contracts.

According to Charles, the technology would balance protecting privacy with providing regulators and auditors with a gateway into the system when granted permission. In an interview, Hoskinson compared the evolution of midnight's privacy-coin concept to that of Zcash and Monero's use of Snarks and ring signatures. Hoskinson was alluding to the two other privacy currencies and their encryption techniques.
<h2>Kachina Study</h2>
According to Hoskinson, the "Kachina" study, which explores privacy-enhanced smart contracts, was released by IOG two years ago. He continued, describing how Midnight would be collaborating with Hyperledge, saying this has increased interest in the previously-hyped business sector blockchains.

IOG Introduces New Privacy Blockchain And Token "Midnight"

Input Output Global (IOG), is launching a brand-new network called Midnight that focuses on privacy and a token called dust to go along with it.

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IOG Introduces New Privacy Blockchain And Token "Midnight"

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