Bitcoins <\/p>\n
Charles Hoskinson is pitching his latest venture, Midnight Protocol, as more than a sidechain for Cardano. <\/strong><\/p>\n Instead, the Cardano founder is positioning the privacy-focused platform as a shared infrastructure layer that could extend programmable privacy to rival blockchain networks, including Bitcoin and the XRP Ledger.<\/p>\n In a December 27 post <\/a>on X, Hoskinson argued that Midnight\u2019s zero-knowledge proof architecture could enhance the capabilities of competing ecosystems rather than displace them. <\/p>\n Sponsored<\/small><\/p>\n Sponsored<\/small><\/p>\n He said that integrating Midnight with the XRP Ledger<\/a> would allow the network to challenge legacy banking systems by enabling private, compliant decentralized finance. He extended the argument to Bitcoin, saying Midnight offers programmable privacy features that Bitcoin currently lacks.<\/p>\n Hoskinson also framed Midnight as a catalyst for Cardano<\/a> itself. He suggested that the protocol could help lift Cardano\u2019s monthly active users and total value locked by broadening the ecosystem\u2019s utility beyond its native chain.<\/p>\n \u201cMidnight makes what it touches better. Adding Midnight to XRP DeFi is going to blow the legacy banks out of the water. Adding Midnight to Bitcoin gives the world Satoshi imagined possible. Adding Midnight to Cardano supercharges our DeFi ecosystem and will 10x the MAUs, Transactions, and TVL as we are first to market with private DeFi at scale,\u201d he claimed.<\/p>\n<\/blockquote>\n Beyond interoperability, Hoskinson pointed to the scale of the opportunity in real-world asset tokenization. He said the estimated $10 trillion market for Real-World Assets would benefit significantly from Midnight\u2019s privacy-preserving design. <\/p>\n In that context, he criticized traditional finance firms for continuing to partner with the Canton Network, a permissioned blockchain, <\/a>arguing that partial solutions fall short of what institutional adoption requires.<\/p>\n \u201cThere are no half measures or half technologies. You need an end-to-end strategy, great partners, and great communities,\u201d Hoskinson said<\/a>.<\/p>\n<\/blockquote>\n This strategy marks a shift for Hoskinson, who has historically focused on building within the Cardano ecosystem. <\/p>\n By promoting Midnight as a privacy layer<\/a> that enhances other Layer-1 blockchains, Hoskinson is seeking to access liquidity and user bases beyond Cardano\u2019s existing network.<\/p>\n That pivot has coincided with growing speculative interest in Midnight\u2019s native token, NIGHT. <\/p>\n Data from CoinGecko showed that the asset recently surpassed Bitcoin and Ethereum <\/a>in search volume on the platform\u2019s trending list. <\/p>\n However, the token has traded with high volatility <\/a>since its launch earlier this month. According to BeInCrypto data, the token\u2019s price has dropped by more than 80% to $0.08 as of press time.<\/p>\n<\/div>\n Disclaimer<\/p>\n In adherence to the Trust Project<\/a> guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions<\/a>, Privacy Policy<\/a>, and Disclaimers<\/a> have been updated.<\/p>\n<\/div>\n<\/div>\nHoskinson Moves Beyond Cardano With a Cross-Chain Privacy Play<\/h2>\n
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