Midnight model separates value from execution.
Most blockchains use one token for everything governance, speculation and transaction fees. Midnight takes a different path.
$NIGHT represents the public financial layer: governance, incentives, and the visible asset.
DUST is different. It’s the private execution resource generated by holding NIGHT. It powers transactions and smart contracts, but it isn’t transferable and slowly decays over time.
This design aims to create predictable operational costs while keeping sensitive data private.
In simple terms:
• NIGHT = capital and governance
• DUST = execution power
Instead of paying unpredictable fees each time, applications can run on a renewable execution resource generated by the network itself.
It’s a different way to think about blockchain economics.
And it raises an interesting question:
When execution costs become invisible to the user, does the system become easier to use or simply harder to understand?