Midnight Network
$NIGHT is the biggest feature of the blockchain The Rational Privacy. This is the method of privacy that neither completely hides nor completely reveals everything. It's programmable (under your control). That is, you decide what information to share, how much to share, and with whom. Simply put: In a typical blockchain (such as Bitcoin or Ethereum) everything is 100% public. All transactions can be viewed. In fully private coins (such as Monero)
Everything is 100% hidden. No one can see anything.
But in Midnight there is a middle way: - If you want, you can just prove "I made the transaction" without specifying the name of the money, sender, or receiver. - Or you can just give the proof "I am 18 +" without showing the date of birth. - Or you can give the company proof of compliance (legal requirements) without sharing the details of the entire account. All this is done with the help of Zero-Knowledge Proofs (ZK) You prove the truth without revealing the real data.
Compared to Monero and Zcash Monero (XMR)
Privacy is always a must Everything is hidden in every transaction. It's very strong but regulators and big companies can't use because they can't ask for selective proof. Zcash (ZEC) - Privacy is optional. You can make a shielded transaction if you want. Selective disclosure is a little convenient, but not fully programmable. Midnight (
$NIGHT ) The most modern. Privacy is rational and programmable. Gives developers the tools to set privacy in DApps to their liking. Privacy also comes with regulation. It is designed for the mainstream (ordinary people and companies).
The Real Benefits of Midnight Network's Rational Privacy
Just prove to the doctor that "this is a disease" or "this medicine is safe" - do not show the entire medical record, name, age or old details. Privacy is safe, and treatment is right.
the Finance / Loan
The bank only needs to provide proof of credit score or income - hide account balance, transaction history, or other details. Get loans quickly, don't leak financial data.
Just prove that "the vote is correct" and "one person cast one vote" - the name of the voter, who voted, all remain secret. The elections are both free and fair.
Do not show the partner company only the proof of "Quality is good" or "Balance is positive" - price, customer list or secret formula. Support is simple, sensitive data is safe.
These four examples show that Midnight (
$NIGHT ) brings together both privacy and practical use. Which of these examples is the most useful to you? Tell me in comments! ✉️
Rational Privacy is a revolution in the blockchain world. It brings together privacy and usability. The Midnight Network (
$NIGHT ) is the future of privacy. That's where the data really belongs, not the companies or the government. What do you think is the best rationale for privacy? Or in what field do you want to use it? Be sure to let me know in the comments!
@MidnightNetwork #night #Binance #binanacesquare #BinanceSquareFamily