Cardano Founder Hoskinson Reveals New Data Security and Censorship Management Blockchain Project November 19, 2022 November 19, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsNovember 19, 2022 by Kelly Cromley

Cardano Founder Hoskinson Reveals New Data Security and Censorship Management Blockchain Project

Charles HoskinsonCharles Hoskinson, inventor of Cardano and CEO of Input Output Global, announces Midnight, a new blockchain venture developed by the IOG team to better data security, combat censoring and privacy issues. Charles Hoskinson said on Friday that the Cardano network has undergone a significant transformation as the renowned smart contract-supporting platform evolves and provide novel solutions. The founder of Cardano (ADA) tweeted, “Hello Midnight. Welcome to Cardano.”

The problem of internet surveillance and absence of confidentiality persists. Input Output Global (IOG), a blockchain-focused research and development business headed by Charles Hoskinson, is in the process of completely implementing a blockchain platform named Midnight. The innovative concept attempts to provide data and information security for both people and businesses. In other terms, Midnight is a data safety-focused blockchain that is driven by Input Output Global (IOG).

Midnight will be a data safeguard-focused blockchain that preserves sensitive business and personal information, preserving developers’ and enterprises’ and people’ basic freedoms of organization, trade, and speech.

While the Midnight blockchain will be responsible for protecting sensitive personal information, it will also allow programmers to create decentralized applications (Dapps) with data-security and privacy-enabled capabilities.

“Midnight will allows programmers to rapidly construct and employ data safety-first DApps utilizing a variety of programming languages, beginning with Typescript. Businesses will be able to communicate mission-critical information without anxiety of breaches or restrictions. In a linked society, people would be able to communicate sensitive data securely,” the researchers stated.
After the partial revelation of the privacy-focused initiative, the Cardano community showed great enthusiasm. While one user suggested that Midnight will be Cardano’s privacy currency, the IOG team said that the initiative is still under advancement and that news on its progression would be provided throughout 2023.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.