TLDR Alex Yue, co-founder of TapTools, clarified that Midnight is built on top of Cardano and not a competitor. Yue emphasized that every transaction on Midnight anchors to Cardano’s main chain for added security. Midnight expands Cardano’s capabilities by offering privacy-focused features like private smart contracts and confidential data processing. Jason Appleton from Crypto Crow [...] The post Cardano’s Midnight Blockchain: Extension or Rivalry? TapTools Weighs In appeared first on CoinCentral.TLDR Alex Yue, co-founder of TapTools, clarified that Midnight is built on top of Cardano and not a competitor. Yue emphasized that every transaction on Midnight anchors to Cardano’s main chain for added security. Midnight expands Cardano’s capabilities by offering privacy-focused features like private smart contracts and confidential data processing. Jason Appleton from Crypto Crow [...] The post Cardano’s Midnight Blockchain: Extension or Rivalry? TapTools Weighs In appeared first on CoinCentral.

Cardano’s Midnight Blockchain: Extension or Rivalry? TapTools Weighs In

TLDR

  • Alex Yue, co-founder of TapTools, clarified that Midnight is built on top of Cardano and not a competitor.
  • Yue emphasized that every transaction on Midnight anchors to Cardano’s main chain for added security.
  • Midnight expands Cardano’s capabilities by offering privacy-focused features like private smart contracts and confidential data processing.
  • Jason Appleton from Crypto Crow echoed Yue’s sentiments, stating that Midnight is meant to complement Cardano, not replace it.
  • Charles Hoskinson refuted claims of competition, calling Midnight “the second kid” and reaffirming Cardano’s position as the primary blockchain.

Alex Yue, co-founder of the Cardano-based analytics platform TapTools, clarified that Midnight is an extension of the Cardano network, not a competitor. Yue’s statement came in response to growing concerns within the Cardano community, where some users have suggested Midnight could rival the Cardano blockchain. He emphasized that Midnight is built on Cardano’s infrastructure and is designed to complement it, not replace it.

Midnight is Built on Cardano, Not Competing with It

In a recent post on X, Alex Yue addressed misconceptions about Midnight. He stated,

Yue explained that Midnight leverages Cardano’s robust infrastructure, ensuring that it remains securely anchored to the Cardano blockchain. He stressed that Midnight’s purpose is to enhance the Cardano ecosystem, particularly in the realm of privacy and confidential data processing.

Yue further clarified that every transaction on Midnight is linked back to Cardano’s main chain. This setup ensures that the privacy-enhanced features of Midnight do not compromise the security of the network.

This connection ensures that users on Midnight can still benefit from Cardano’s decentralized and secure environment while enjoying additional privacy features.

Hoskinson and Yue Confirm Midnight’s Role

While Midnight operates independently for privacy-focused tasks, it ultimately supports the Cardano ecosystem. Yue pointed out that Midnight offers private smart contracts and confidential data processing. These features are important for users seeking enhanced privacy without losing the security that Cardano provides.

In a visual chart accompanying his post, Yue explained how Midnight syncs with Cardano’s block data. This process involves dedicated nodes and databases that create privacy-enhanced blocks. These blocks allow users to selectively disclose sensitive information while maintaining privacy.

Jason Appleton, host of the Crypto Crow show, also addressed the issue, reinforcing Yue’s point.

Appleton predicted that Midnight would lead in privacy within the Cardano ecosystem, once its mainnet launches.

Cardano’s founder, Charles Hoskinson, has also weighed in on the issue, refuting claims of competition. He referred to Midnight as “the second kid,” emphasizing that Cardano remains the first and primary blockchain.

Hoskinson’s comments aligned with Yue’s perspective that Midnight and Cardano are complementary, not rival networks.

The post Cardano’s Midnight Blockchain: Extension or Rivalry? TapTools Weighs In appeared first on CoinCentral.

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