Midnight Challenges Zcash's Monopoly on Private Digital Money

The Midnight Network is drawing attention for its programmable privacy model, which some are comparing to Zcash's established focus on private digital money.

The comparison was made by David Gokhshtein, founder of Gokhshtein, who linked the development of useful applications and sustained user activity with a possible $ZEC-like cycle.

Gokhshtein mentioned potential use cases such as payroll, lending, and compliance, but also disclosed that Midnight sponsors his show.

Midnight's approach to privacy is different from Zcash's, which primarily targets private digital money and has a new shielded pool and restricted the original Orchard pool after an upgrade in July 2023.