The Midnight Network ( $NIGHT ) is a privacy-centric Layer 1 blockchain. It was built by Input Output Global (IOG), the same company that developed the Cardano blockchain. Its main goal is to offer "rational privacy," which is the balance between privacy and regulatory requirements.
below, I'll drop some Key Facts about the Midnight Network!
Dual-Token System
The Midnight Network features two types of tokens:
NIGHT - The native and unshielded (public) token that is used for governance and staking.
DUST - A shielded and non-transferable resource that is derived from the holder of the NIGHT token. DUST is used for paying transaction fees and performing private computations.