Cardano founders launch Midnight, a privacy blockchain employing ZK technology and a dual-token model.

CoinFeed reported on March 31st that Cardano founder Charles Hoskinson announced the launch of the privacy-preserving blockchain Midnight, which generated its genesis block on Monday. Midnight employs zero-knowledge proof (ZK) technology, allowing users to selectively disclose or hide data while supporting compliance requirements. Its hybrid ledger can mix public and private data in a single transaction and supports shielded assets that hide balances and counterparty information. Midnight uses a dual-token model: the governance token NIGHT serves as a store of value for the ecosystem, and holders receive renewable Gas tokens DUST, which are generated proportionally to holdings and can be transferred to others to pay transaction fees. The network launched a one-year NIGHT airdrop to 37 million eligible wallets last December.