Hoskinson Sees Midnight Overtaking Zcash on Back of Unique Features

Cardano founder Charles Hoskinson believes that Midnight, a privacy-focused blockchain project, will eventually become bigger than Zcash. This prediction is based on a combination of factors including privacy technology, artificial intelligence, cross-chain functionality, and Cardano infrastructure.

Hoskinson made this statement in a recent post, highlighting the unique features of Midnight such as selective disclosure, Private Agents, Abstraction with a DeFi Kernel for all major chains, ZK + TEE + MPC, and Cardano's 24/7 uptime combined with the magic of Leios.

The market cap of NIGHT currently stands at $437 million, which makes it the 122nd biggest cryptocurrency market capitalization. For comparison, ZEC has a market cap of $26.4 billion. Midnight's mainnet went live in March and is designed as a specialized layer-1 partner chain operating alongside Cardano.

Hoskinson previously described Midnight as 'probably the most exciting project that we're working on this year' during an extensive livestream in April. He also boasted about the speed of its rollout, saying it typically takes two to three years for a token to go through trials and tribulations but Midnight lives in fast mode.