Once again, I see the testnet data of @MidnightNetwork , with the daily shielded transaction volume breaking one hundred thousand. As an old coin holder, I can't help but come back with a post to speak the truth.
After eight years, the two most frustrating ways for privacy projects to die are: one, hiding too well, so the developers can't even manage it themselves, leading to a completely cold community; the other, false privacy, with surface selective disclosure, but in reality, on-chain metadata leaks like a sieve. @MidnightNetwork takes the third path, using Compact to completely dismantle logic and data. The private part remains entirely on the user's device, with only ZK proofs thrown on-chain. If you want to reveal salary ranges, you can; if you want to hide transaction paths, you can hide them cleanly. Developers write code similarly to writing JS, without needing to chew on circuit documents for half a year. I reviewed the example of version 0.16 and set up a simple shielded payment contract, finishing it in half a day, ten times more user-friendly than those previous projects.
The $NIGHT →DUST mechanism impresses me the most. Holdings automatically generate DUST, like credit card points; enough is enough, and any excess decays to zero automatically, preventing volume abuse and gas wars. No matter how crazy the market gets, the transaction costs remain stable, unlike ETH, where a bull market in gas directly drives retail investors away. Just a complaint, as the mainnet just started, liquidity is thin, and the cross-chain bridge occasionally lags. In governance proposals, there are always a few that want to significantly increase inflation, which is quite annoying. But the overall design hasn’t drifted; rational privacy: you decide how much to share, and the network only verifies without peeking. #night
Data is now more ruthless than oil; whoever controls it eats meat. Blockchain should allow people to regain control, not just switch places to continue being sold. @MidnightNetwork tells us with $NIGHT and DUST that true freedom isn't about hiding completely; it's about drawing your own privacy boundaries. It's not easy to walk this path, but at least it doesn't look like just another bubble shouting slogans. I will continue to observe; $NIGHT might truly be able to break through some old patterns.
After eight years, the two most frustrating ways for privacy projects to die are: one, hiding too well, so the developers can't even manage it themselves, leading to a completely cold community; the other, false privacy, with surface selective disclosure, but in reality, on-chain metadata leaks like a sieve. @MidnightNetwork takes the third path, using Compact to completely dismantle logic and data. The private part remains entirely on the user's device, with only ZK proofs thrown on-chain. If you want to reveal salary ranges, you can; if you want to hide transaction paths, you can hide them cleanly. Developers write code similarly to writing JS, without needing to chew on circuit documents for half a year. I reviewed the example of version 0.16 and set up a simple shielded payment contract, finishing it in half a day, ten times more user-friendly than those previous projects.
The $NIGHT →DUST mechanism impresses me the most. Holdings automatically generate DUST, like credit card points; enough is enough, and any excess decays to zero automatically, preventing volume abuse and gas wars. No matter how crazy the market gets, the transaction costs remain stable, unlike ETH, where a bull market in gas directly drives retail investors away. Just a complaint, as the mainnet just started, liquidity is thin, and the cross-chain bridge occasionally lags. In governance proposals, there are always a few that want to significantly increase inflation, which is quite annoying. But the overall design hasn’t drifted; rational privacy: you decide how much to share, and the network only verifies without peeking. #night
Data is now more ruthless than oil; whoever controls it eats meat. Blockchain should allow people to regain control, not just switch places to continue being sold. @MidnightNetwork tells us with $NIGHT and DUST that true freedom isn't about hiding completely; it's about drawing your own privacy boundaries. It's not easy to walk this path, but at least it doesn't look like just another bubble shouting slogans. I will continue to observe; $NIGHT might truly be able to break through some old patterns.