Picture this: your car pays for parking on its your fridge restocks groceries without you lifting a finger. That sounds amazing right? Now imagine if every little action. Every tiny transaction. Gives away who you are the Midnight Network and their work. That would not be cool all. It would be chaos.
The Midnight Network is trying to solve this problem with something they call a Standard Set. The Midnight Network thinks it is like a privacy layer that can sit on top of blockchains keeping your identity and your transactions separate. But still letting them connect when necessary, legally and safely.
Looking at the picture it feels like blockchain is entering a new phase. The first phase was about moving money. The second phase brought contracts.. Now the Midnight Network and others think that privacy is becoming a central concern for blockchain.
A lot of people are scared of blockchain because they worry about their info leaking or their wallets being hacked and the Midnight Network is trying to make that fear less real. The Midnight Network has companies like Google and MoneyGram involved which gives a level of confidence that is reassuring for users of the Midnight Network.
The mainnet launch of the Midnight Network on March 23rd will be the test to see if this idea works in practice for the Midnight Network. But now the message is clear when big tech and financial giants decide to back a privacy focused blockchain like the Midnight Network it is a sign something meaningful is happening with the Midnight Network.
Markets might dip in the term and that can be distracting. But the big players are looking at the game and the Midnight Network looks like one of those first steps in a trend that could shape how we use blockchain for years to come and the Midnight Network is at the forefront of this change. #Createrpaid
What will Midnight next move be?