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Midnight, the privacy chain supported by Cardano's founder, officially launches
Golden Finance reports that Cardano founder Charles Hoskinson’s investment of approximately $200 million into the privacy-chain project Midnight has officially launched. It aims to address the core design flaws of existing crypto systems by strengthening privacy, simplifying the user experience, and improving security. It is understood that Midnight is not competing with Bitcoin or Ethereum, but rather serving as a supplementary layer, enabling users and enterprises to use blockchain without exposing sensitive data and while reducing technical complexity. Midnight will be rolled out in phases, gradually expanding from the underlying infrastructure to the application and governance layers. Early application scenarios include privacy-focused financial products, identity systems, and enterprise data workflows, among others.