Recently, I have been pondering the development direction of public chains and Web3 infrastructure. Everyone knows that the proud selling point of blockchain is "public transparency and trustlessness", but in reality, it is a double-edged sword. Just think about it, whether it's business contracts between companies or our personal transaction records, if everything is put on the chain for everyone to watch, who can bear it? Without privacy protection, it is fundamentally a pipe dream for Web3 to truly land and for traditional institutions to enter on a large scale.
So today I want to talk to you about a major move made by the development team behind Cardano — the Midnight Network.