- Cardano founder Charles Hoskinson confirms plans for Cardano stake pools to validate transactions on Midnight blockchain.
- Update provided during Oct. 10th livestream with Midnight CEO Eran Barak.
- Midnight utilizes innovative cryptography for secret contracts and verifiable computation.
Cardano founder Charles Hoskinson recently confirmed plans to enable stake pools to validate transactions on the new Midnight blockchain.
During an Oct. 10th livestream with Midnight CEO Eran Barak, Hoskinson provided an update on the data privacy-focused network first unveiled at IOG’s 2022 summit.
Midnight leverages innovative cryptography to enable secret contracts and verifiable computation. It launched on Sandbox devnet for early testing and feedback.
Hoskinson affirms Cardano pools would secure Midnight
When asked on Twitter if Cardano pools would still secure Midnight as previously outlined, Hoskinson replied affirmatively. This cross-chain architecture aims to bootstrap Midnight’s security by inheriting Cardano’s extensive decentralization.
Allowing Cardano validators to support Midnight extends IOG’s vision of leveraging its leading PoS network to underpin new layer 1 blockchains. The symbiotic approach creates interdependent security across chains.
Midnight transaction fees paid in native token DUST will be distributed to pools providing confirmation services and helping finalize Midnight blocks.
By aligning incentives, IOG hopes to drive rapid adoption of Midnight and its groundbreaking privacy capabilities. The integration with Cardano also strengthens the broader utility of ADA through new use cases.
Hoskinson’s confirmation indicates plans for the two IOG blockchains to complement each other and remain on track as Midnight rolls out. The strategy showcases innovative thinking around blockchain interoperability and ecosystem building.
