As the popular smart contract-enabled platform continues to evolve and offer unique solutions, a huge development has been recorded in the Cardano ecosystem, as disclosed by Charles Hoskinson on Friday. The Cardano (ADA) creator tweeted, “Hello Midnight. Welcome to Cardano.” 

Hello Midnight https://t.co/Dy3BK45qUs welcome to Cardano

— Charles Hoskinson (@IOHK_Charles) November 18, 2022

What is Midnight? 

The issue of censorship and lack of privacy continues to prevail in the internet space. To this end, developers of the Charles Hoskinson-led blockchain-based research and development company, Input Output Global (IOG), is on the course of fully deploying a blockchain solution dubbed Midnight. 

The ingenious project seeks to offer data and information protection to both individuals and enterprises. In other words, Midnight, which is still in the developmental stage, is a data protection-based blockchain powered by Input Output Global (IOG). 

As revealed on the project’s website, “Midnight will be a data protection-based blockchain that safeguards sensitive commercial and personal data, protecting fundamental freedoms of association, commerce, and expression for developers, companies, and individuals.”

Read Also: Cardano Contributor, Milkomeda Adopted for the Microsoft Startup Support Program

Whereas the Midnight blockchain will play the role of safeguarding sensitive personal data for regular users, it will also enable developers to build decentralized applications (Dapps) with data-protection and privacy-enabled capacities. 

“Midnight will enable developers to quickly build and deploy data protection-first DApps using many programming languages, starting with Typescript, whilst companies will be able to share mission-critical information without the fear of leaks or censorship. Individuals will be able to safely share their sensitive information when operating in a connected world,” the team added. 

Cardano Community Reacts

The Cardano community expressed lots of excitement following the partial unveiling of the privacy-focused project. While a certain user cited that Midnight would be Cardano’s privacy coin, the IOG team noted that the project is still in development, and updates on its progress will be shared as work continues into 2023. 

Read Also: Charles Hoskinson Hints At Emergence of Voltaire Era and What It’s Bringing To Cardano

In one of the reactions, a Cardano community member said, “Cardano is always evolving. To scale to a billion users you need the features that are required to support a billion people. Midnight will provide much more capabilities that go beyond the average blockchain.”

Follow us on Twitter, Facebook, Telegram, and Google News

The post Hoskinson Unveils Cardano-Based Privacy-Focused Blockchain Project: Details appeared first on Times Tabloid.

The images shared by Cardano Rise and retweeted by Hoskinson showcase the growth of the Cardano ecosystem between May 2021 and August 2021.

Read Also: Cardano (ADA) Finally Makes The Much-Awaited Debut In Japan. Why Is This Important?

Charles Hoskinson wrote, “Moving the chains.”

Moving the chains. https://t.co/f9dBbhcoJH

— Charles Hoskinson (@IOHK_Charles) August 28, 2021

Upgrade Proposal Submitted

Over the past few weeks, the Cardano ecosystem has been welcoming expected developments. The community is earnestly waiting to see the launch of smart contracts on the Cardano network, and the team behind the development is doing the right thing to make this happen has scheduled.

Read Also: VeChain to Help Catalyze the Digitalization of Carbon Data and Help Facilitate China’s Emissions Reduction Initiative

About two days ago, IOG announced the submission of the upgrade proposal to the Cardano testnet, which will pave the way for the final testnet launch on 1st September 2021.

According to the report, the proposal is a major milestone on the journey into the much-awaited Alonzo era.

IOG announced, “Today, we have just submitted an upgrade proposal to the Cardano testnet to hardfork the chain into the Alonzo era and enable smart contract capability. This will take effect within the next few hours.

“This is a major milestone and marks the final, critical stage prior to hard forking the Cardano mainnet, on target for 12 September.

Read Also: Credible Crypto: XRP Is Destined To Reach Somewhere Between $20 and $30 in This Bull Cycle

“Over the days ahead, we’ll be doing final checks and testing within a controlled environment to ensure that we are ready to upgrade the main Cardano network. And usher in a transformative era of smart contracts capability.”

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

The post Charles Hoskinson Showcases Vast Growth of Cardano Ecosystem in just Four Months appeared first on Times Tabloid.