Midnight Blockchain Project Aims for Programmable Privacy and Regulatory Compliance
Midnight is a new blockchain project developed by Charles Hoskinson, co-founder of Ethereum and founder of Cardano. It uses zero-knowledge proof technology to offer utility without compromising data protection or ownership.
The Midnight protocol combines a ZK proofs-based public-private dual-state ledger architecture with a composite tokenomics design to protect metadata. This allows for applications that require a balance between privacy and disclosure, such as those in DeFi, AI, identity solutions, governance, and enterprise workflows.
Midnight introduces several core innovations aimed at enabling programmable privacy, regulatory compliance, and developer accessibility. It has a dual-component token system comprising NIGHT (utility token) and DUST (shielded, decaying, non-transferable resource used to enable metadata-shielded transactions).