The second generation was about smart contracts, with Ethereum being the lead. The third phase was all about working together and making different blockchain networks interoperate. Now, Hoskinson says that the blockchain world is entering its fourth phase, and this phase will be all about privacy. He stressed that privacy isn’t just a bonus, but something that is very important for the growth of blockchain and decentralized finance (DeFi).
“The fourth generation is about privacy,” Hoskinson said. “Privacy isn’t just an optional feature, it’s a necessary feature.” His point is that as blockchain grows, it’s important to have ways for users to control their own information and keep things private. That’s where Midnight comes in.
Midnight is Cardano’s new privacy-focused sidechain. It allows users to interact with it using their tokens from different blockchains without having to convert their assets. This feature is called “chain abstraction,” which simply means you can use your tokens (whether it’s ADA, ETH, or XRP) on Midnight without changing them.
On-chain investigator ZachXBT has publicly questioned the financial health of cryptocy exchange AscendEXafter mounting reports of users waiting days—and…
Tether is expanding beyond stablecoins once again—this time by turning its massive $23 billion gold reserve into an…
Strategy Executive Chairman Michael Saylor is standing by his long-term Bitcoin strategy despite mounting pressure from investors as…
Polymarket has pledged to fully reimburse users after hackers stole approximately $2.9 million through a sophisticated phishing attack…
Base, the Ethereum Layer-2 blockchain incubated by Coinbase, has fully restored operations after suffering a block production…
Bitcoin has fallen below the $60,000 level once again, placing the world's largest cryptocy on pace to record…