The blockchain community is abuzz with anticipation as Midnight, Cardano's privacy-centric sidechain, unveils plans for an exclusive DUST token airdrop to ADA holders, leveraging the sophisticated zero-knowledge proof system, with full details and implications discussed at the Cardano Summit 2023.
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Cardano's Focused Privacy Sidechain 'Midnight' Plans Token Airdrop
The privacy-oriented sidechain of Cardano (ADA), known as 'Midnight,' has announced an upcoming token airdrop specifically aimed at ADA holders. The revelation was made during the 'Cardano Summit 2023,' which is taking place from November 2nd to 4th in Dubai.
Eran Barak, CEO of the Midnight project, reported that the airdrop is scheduled to occur.
Midnight is a sidechain project that employs zero-knowledge proof technology for data protection and privacy preservation. It has also announced its own unique token named DUST.
Zero-knowledge proofs are a technology that allows the verification of certain information without revealing confidential details. This technology is now being utilized across various blockchain projects.
Midnight: A New Partner Chain in the Ecosystem
Midnight has been announced as one of the new 'partner chains' on November 3rd. Eran Barak describes Midnight as the "fourth generation blockchain network."
Although the details of the token airdrop have not been fully disclosed, it has been reported that the airdrop will be conducted for ADA holders, generating considerable attention within the Cardano community.
Please be cautious of any counterfeit token airdrops.
Furthermore, it has been reported that the development net for Midnight is set to commence on November 13th, 2023.
"This is just the beginning, and there is the potential for dozens to thousands of partner chains to become operational in the future," stated the report.
Discussions by Charles Hoskinson and Eran Barak at 'Cardano Summit 2023' have also been made available on the Cardano Foundation's YouTube channel.
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