Midnight is a 4th-gen, developer-focused blockchain for "rational privacy," utilizing zero-knowledge (ZK) proofs and a hybrid, dual-state architecture to enable compliant, private, and public transactions. Developed by Input Output Global, it uses the native
NIGHT token for network operations, with a focus on data protection and regulatory compliance.
Key Aspects of the Midnight Network
Technology & Architecture: Uses a hybrid system combining a public ledger with a private, account-based execution environment. Smart contracts are written in Compact, a TypeScript-based language designed to be accessible to developers.
Privacy Model ("Rational Privacy"): Allows users to selectively disclose data (e.g., proving age over 18 without revealing a birthdate) rather than complete anonymity, aiming to balance privacy with regulatory needs.
NIGHT Token: The native utility token used to fuel applications on the network.
Glacier Drop: A multi-phase distribution initiative for the project.
Development & Ecosystem: Offers a developer academy, NFT-based quests, and tools to build privacy-focused dApps.
Simulation: "Midnight City" is a simulation that demonstrates how private transactions and data work within a, functional ecosystem.
Address Standard: Uses Bech32m for human-readable, secure addresses.