Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Cardano’s Hoskinson and Ripple CTO Explore Midnight Features

Cardano’s Hoskinson and Ripple CTO Explore Midnight Features

Cryptotale2024/11/19 01:03
By: CryptoTale Staff
Cardano’s Hoskinson and Ripple CTO Explore Midnight Features image 0
  • Cardano’s Hoskinson and Ripple CTO David Schwartz discuss the Midnight project.
  • Schwartz shared on X that Midnight sounds extremely interesting.
  • Hoskinson discloses new details about Midnight’s airdrop mechanism.

Cardano founder Charles Hoskinson and Ripple CTO David Schwartz engaged in a technical discussion about Midnight. The duo’s conversation on Cardano’s privacy-focused blockchain project gained traction on X from the ADA community.

The conversation between the two blockchain pioneers centered on Midnight’s advanced privacy features and its potential impact on the broader cryptocurrency ecosystem. Schwartz described the project as “extremely interesting.” 

It was great talking to @JoelKatz about Midnight and XRP. Wonderful technical conversation.

— Charles Hoskinson (@IOHK_Charles) November 18, 2024

In addition, during a surprise AMA session on November 17, Hoskinson provided new insights into Midnight’s token structure and airdrop eligibility. The project will integrate a dual-token model that will feature NIGHT and DUST tokens. Each of these tokens will serve distinct purposes within the ecosystem.

NIGHT tokens will handle governance and staking functions, while DUST will serve as the primary transaction currency on the Midnight blockchain. Hoskinson confirmed that ADA holders would be eligible for what he termed a “glacier drop” of DUST tokens.

The distribution mechanism introduces a different approach from the typical airdrop requirements. This new airdrop mechanism requires recipients to participate in mining activities on the Midnight blockchain to fully acquire their tokens. Cardano’s blockchain will serve as the primary platform for token distribution. However, the specific details of the airdrop are still forthcoming.

Midnight’s architecture uses zero-knowledge cryptography to enable secure and private transactions. The project’s testnet, launched last month, provides developers with access to privacy-focused dApp development tools. 

The platform integrates the Compact programming language with TypeScript, creating an easy development environment for building decentralized applications. The technical conversation between Hoskinson and Schwartz comes at a crucial time as blockchain privacy solutions gain increasing attention in the cryptocurrency space.  

The post Cardano’s Hoskinson and Ripple CTO Explore Midnight Features appeared first on CryptoTale.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$116,233.8
+0.29%
Ethereum
Ethereum
ETH
$4,722.36
+4.24%
XRP
XRP
XRP
$3.11
+1.58%
Tether USDt
Tether USDt
USDT
$1
+0.02%
Solana
Solana
SOL
$243.72
+4.46%
BNB
BNB
BNB
$927.48
+2.42%
USDC
USDC
USDC
$0.9998
-0.00%
Dogecoin
Dogecoin
DOGE
$0.2814
+7.06%
TRON
TRON
TRX
$0.3524
+0.95%
Cardano
Cardano
ADA
$0.9287
+2.55%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter