{"id":69474,"date":"2026-01-27T09:31:32","date_gmt":"2026-01-27T09:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=69474"},"modified":"2026-01-27T09:31:32","modified_gmt":"2026-01-27T09:31:32","slug":"cardano-founder-says-midnight-could-eclipse-all-privacy-projects-within-a-year","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=69474","title":{"rendered":"Cardano Founder Says Midnight Could Eclipse All Privacy Projects Within A Year"},"content":{"rendered":"
\n

Cardano founder Charles Hoskinson used the opening of a Midnight workshop in Sapporo (Japan tour) on Jan. 25 to frame Midnight as Cardano\u2019s \u201ccrown jewel\u201d and a missing primitive for mainstream crypto adoption, arguing the privacy layer is positioned to outpace incumbent privacy-focused networks within 12 months.<\/p>\n

Why Cardano\u2019s Midnight \u2018Eclipses\u2019 All Privacy Projects<\/h2>\n

Hoskinson told<\/a> attendees that while crypto spent the past decade perfecting transparent ledgers, it never built a first-class \u201cprivate side\u201d that real businesses and regulators can work with. \u201cWhen you have the yin and yang, well, we only built one side of the yin and yang. We only built the transparent side. We didn\u2019t build the private side,\u201d he said. \u201cSo the challenge is that blockchains, every single one of them, they\u2019re missing something. They\u2019re missing a component that\u2019s required for real-life business.\u201d<\/p>\n

In his telling, the gap sits at the intersection of privacy-enhancing technology (PET), compliance, and an emerging \u201cabstraction\u201d stack aimed at making crypto usable without forcing consumers to learn how blockchains work. Hoskinson argued that regulated activity like KYC\/KYB\/AML requires selective disclosure, but public chains force a tradeoff between compliance and privacy. \u201cIf you share information about yourself on a public network, everyone in the world, everywhere in the world, gets to see that,\u201d he said. \u201cThat doesn\u2019t make any sense. That doesn\u2019t make sense to do commerce.\u201d<\/p>\n

He extended the same logic to intent-based execution and account abstraction-style UX, where users describe outcomes and a solver network routes liquidity and settlement across chains. \u201cIf I know your intentions, I can trade against you,\u201d Hoskinson said, warning that revealing price bounds or execution constraints invites adverse selection. \u201cNever tell me your intention because I can use it against you. So, intentions also require privacy.\u201d<\/p>\n

Midnight, he said, is designed to supply those primitives without demanding wholesale migration to a new Layer 1. Hoskinson described the network as built for \u201chybrid applications\u201d across multiple ecosystems, claiming Midnight\u2019s launch architecture connected it to \u201ceight different ecosystems<\/a>, seven different blockchains,\u201d so users can stay on chains like Solana, Cardano, Bitcoin, or Ethereum while invoking Midnight\u2019s privacy features.<\/p>\n

He also positioned Midnight as a catalyst for Cardano\u2019s DeFi ambitions, acknowledging a participation gap between staking and on-chain application usage. \u201cThere\u2019s 1.4 million people staking, but only about 50,000 people participating on a monthly basis in our DeFi ecosystem<\/a>,\u201d Hoskinson said, adding that the next phase is to upgrade a subset of leading Cardano dApps so they can tap Midnight and market privacy-native products\u2014such as private DEXs, prediction markets, or stablecoins\u2014to users from other ecosystems.<\/p>\n

On rollout, Hoskinson said the first stage of Midnight launched<\/a> in December and that the first mainnet is \u201cvery soon\u201d to follow. He highlighted what he characterized as an unusually retail-heavy distribution: \u201cWe never sold a single token. We just gave it away,\u201d he said, claiming ADA holders received more than 50% of supply and that early trading activity surpassed $9 billion in volume and more than $1 billion in value.<\/p>\n

Hoskinson closed with his boldest projection: \u201cWithin a year, Midnight is going to eclipse anybody in the privacy space because we know how to solve these problems,\u201d he said, attributing the edge to the depth of Cardano\u2019s research bench.<\/p>\n

\u201cBecause we hired 168 scientists, and they happen to have spent the last four decades of their life chasing this. One of the guys working on this wrote the first computer game online. He was at Stanford when they were building the internet, [\u2026]. He wrote Pong, and it was the first online game. That\u2019s the legacy we have. Now, 40 years later, he\u2019s a fellow in the Royal Society, the same society that Sir Isaac Newton was a member of. He\u2019s working on this, as is that 22-year-old graduate student, as is the developer here in Japan, and everyone in between, and that\u2019s why we\u2019re going to win. It\u2019s not a US cryptocurrency. It\u2019s global,\u201d Hoskison said.<\/p>\n

At press time, ADA traded at $0.3512.<\/p>\n

\"Cardano<\/div>\n","protected":false},"excerpt":{"rendered":"

Cardano founder Charles Hoskinson used the opening of a Midnight workshop in Sapporo (Japan tour) on Jan. 25 to frame Midnight as Cardano\u2019s \u201ccrown jewel\u201d and a missing primitive for mainstream crypto adoption, arguing the privacy layer is positioned to outpace incumbent privacy-focused networks within 12 months. Why Cardano\u2019s Midnight \u2018Eclipses\u2019 All Privacy Projects Hoskinson […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-69474","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/69474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69474"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/69474\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}