#night $NIGHT 《When I saw the news that '7 institutions are running nodes simultaneously', I was wondering what they are after》
A couple of days ago, I came across a piece of news: MoneyGram, Vodafone's Pairpoint, and eToro just announced they have become the founding federal node operators of Midnight, along with the previously mentioned Google Cloud, Blockdaemon, Shielded Technologies, and AlphaTON Capital, totaling seven. My first reaction was: what are these people after? @MidnightNetwork
Later I realized — what they are after is 'capability to work'. MoneyGram operates cross-border payments in over 200 countries with nearly 400,000 agents, customer data cannot just be exposed, but it also needs to be auditable by regulators. Using a transparent chain would expose customer privacy, while an absolutely anonymous chain would not be recognized by regulators. Midnight uses zero-knowledge proofs to achieve 'selective disclosure' — the transaction itself remains confidential, but if needed, a gap can be opened to prove compliance.
Vodafone's Pairpoint is working on the Internet of Things economy, allowing devices to autonomously trade, like your car paying for parking by itself. This transaction cannot let the whole world see where you are parked. eToro says 'all assets will eventually be on-chain', but the premise is that it can protect trade secrets and customer privacy. Blockdaemon, which manages over $110 billion in assets for more than 400 institutions, is also running nodes. @MidnightNetwork
Charles Hoskinson said that this time going live on Binance marks the first time Cardano ecosystem assets can directly access the core spot liquidity pool of the world's largest exchange. The price of NIGHT is 0.05, with over 57,000 holding addresses.
A couple of days ago, I came across a piece of news: MoneyGram, Vodafone's Pairpoint, and eToro just announced they have become the founding federal node operators of Midnight, along with the previously mentioned Google Cloud, Blockdaemon, Shielded Technologies, and AlphaTON Capital, totaling seven. My first reaction was: what are these people after? @MidnightNetwork
Later I realized — what they are after is 'capability to work'. MoneyGram operates cross-border payments in over 200 countries with nearly 400,000 agents, customer data cannot just be exposed, but it also needs to be auditable by regulators. Using a transparent chain would expose customer privacy, while an absolutely anonymous chain would not be recognized by regulators. Midnight uses zero-knowledge proofs to achieve 'selective disclosure' — the transaction itself remains confidential, but if needed, a gap can be opened to prove compliance.
Vodafone's Pairpoint is working on the Internet of Things economy, allowing devices to autonomously trade, like your car paying for parking by itself. This transaction cannot let the whole world see where you are parked. eToro says 'all assets will eventually be on-chain', but the premise is that it can protect trade secrets and customer privacy. Blockdaemon, which manages over $110 billion in assets for more than 400 institutions, is also running nodes. @MidnightNetwork
Charles Hoskinson said that this time going live on Binance marks the first time Cardano ecosystem assets can directly access the core spot liquidity pool of the world's largest exchange. The price of NIGHT is 0.05, with over 57,000 holding addresses.