The token $NIGHT is the native and governance cryptocurrency of the Midnight Network, a fourth-generation blockchain focused on programmable privacy through zero-knowledge smart contracts (ZK). Although the network prioritizes privacy, NIGHT is a public token used to secure the network, pay fees, and generate the resource DUST for transactions.
NIGHT transactions are visible in the public ledger. This allows NIGHT to be listed on standard exchanges and held by regulated entities, without the compliance risks associated with privacy-centric cryptocurrencies.
Governance
A gradual approach will progressively decentralize the network. NIGHT holders will use comprehensive tools on the blockchain to submit proposals, manage the Treasury, and vote on automated protocol upgrades that will guide the ecosystem.
Consensus and Security
NIGHT will be used to incentivize block producers (validators). In the Midnight ecosystem, Cardano staking pool operators (SPO) can act as validators and earn NIGHT rewards.
MidnightNetwork (https://www.binance.com/en/square/profile/midnightnetwork)