Midnight Network, the new Layer 1 data protection blockchain, has released its “Nightpaper: A litepaper introducing Midnight” to demonstrate how the network enables apps that protect user, commercial, and transaction metadata.
Nightpaper explains how Midnight has solved a new blockchain trilemma: using zero-knowledge (“ZK”) proofs for utility without compromising data protection or ownership.
Key highlights of Midnight’s Nightpaper include:
- For app developers: Midnight is learnable through the use of Typescript smart contracts and versatile through the provision of shielded and unshielded data primitives for selective disclosure. The network can function as an L1 or L2 chain and ZK architecture (based on Pluto-Eris curves) supports BLS-type proofs compatible with chains like Ethereum and Cardano.
- For app operators: Midnight protects data and metadata, allowing businesses to safeguard sensitive information without exposing activities. The network offers predictable transaction pricing using a stable resource, separate from the native token, enabling businesses to budget costs and use FIAT or tokens as payment. Midnight empowers app operators to comply with regulatory requirements through selective and programmatic disclosure, revealing data based on activity, jurisdiction, and business needs.
- For ecosystem participants: Cardano Stake Pool Operators (SPOs) secure Midnight’s block production, ensuring a secure and decentralized framework. Midnight stores private data locally on users’ machines, decentralizing sensitive data and reducing the risk of breaches. Additionally, Midnight’s modular app architecture supports hybrid apps, enabling developers to combine Midnight’s data protection with the native capabilities of other chains.
Use Cases
Through this new technical framework, Midnight has a plethora of use cases for scenarios requiring data and metadata protection. It supports secure attestation of digital identities, enabling privacy in documents like driver’s licenses and education certificates.
Midnight also facilitates asset tokenization by certifying ownership without revealing sensitive details and enables fraud-resistant balloting systems, ensuring privacy while verifying eligibility and participation.
To learn more about Midnight and Nightpaper, please visit midnight.network/whitepaper
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