Native blockchain solutions like the Cardano Midnight network have privacy features that can complement rival assets like XRP, Ethereum, SOL, and AVAX.
At the Consensus 2025 event in Toronto, Charles Hoskinson, the founder of Cardano, shared details about a new project called Midnight. This blockchain system focuses on privacy, fairness, and working well with other blockchains.
Instead of competing, Midnight is designed to connect with significant blockchains like Ethereum (ETH), Solana (SOL), Avalanche (AVAX), and the XRP Ledger (XRPL). The top executive explained that this new project is meant to fix some of the biggest problems in the crypto world today.
Midnight Is Built for Teamwork, Not Competition
The Cardano founder revealed that Midnight does not want to replace other blockchains. Rather, it is made to connect with them and bring unity. This is built to help developers build apps that work across many blockchains.
On Midnight, developers can pay transaction fees using their blockchains’ tokens. This means they do not have to move their assets into a new system to use a new blockchain. Hoskinson said this kind of system supports interoperability, meaning different blockchains can work together smoothly. He called this cooperative economics.
The founder emphasized that Midnight is different. It is focused on creating a system where everyone can benefit without changing their values or beliefs.
Hoskinson has always believed in teamwork and not rivalry. He recently shared his vision to build stronger connections between Cardano, Bitcoin (BTC), and the XRPL. He considers their collaboration could solve major issues in the crypto space and strengthen each other’s networks.
Furthermore, Shielded, a new engineering company, is handling Midnight’s technical development. In addition, the Midnight Foundation, a new organization, has been set up to manage the project’s rules and community decisions.
This foundation, led by Fahmy Syed, will guide how the network grows and changes over time.
Midnight To Fix Crypto’s Privacy Problem
Hoskinson also discussed a big problem in blockchain: the lack of privacy. Most blockchains are open, so anyone can see all transactions, and they are easy to trace. Although this builds trust, it can also be risky.
According to Hoskinson, this turns blockchain into a tool for financial surveillance. Midnight is built to fix this issue. It acts as a privacy layer, allowing users to share only the information they want to share.
Hoskinson also warned about bad fundraising methods in crypto. He called it “Ponzonomics,” where early investors get the most capital, and regular users lose out. Midnight is doing things differently.
There was no venture capital funding and no initial coin offering (ICO). Instead, the project will hold a large airdrop called the Glacier Drop. This will send tokens to 37 million wallets across eight different blockchains, including Bitcoin, Cardano, and XRP. The goal is to make the distribution as fair as possible and avoid giving control to a few wealthy investors.
Midnight will have two main tokens, NIGHT and DUST. The former will be used for voting and governance, while the latter will be used for sending private transactions. This system supports long-term development by ensuring that the network stays in the hands of its users, not big investors.
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