Cardano Developer Working on New Privacy-Focused Altcoin and Blockchain, According to Charles Hoskinson

Cardano Developer Working on New Privacy-Focused Altcoin and Blockchain, According to Charles Hoskinson


Cardano (ADA) creator Charles Hoskinson says that Input Output Global (IOG) is gearing up to launch a new altcoin and blockchain designed to protect a user’s privacy.

Presenting as a keynote speaker in this year’s ScotFest event, Hoskinson says the Cardano developer is working on Midnight, which he notes was born out of the need to create a coin “with privacy at its core.”

According to a slide shared by Hoskinson on stage, Midnight is a data protection-focused blockchain that aims to safeguard sensitive commercial and personal data. The blockchain’s mission is to “create a principled system to give people fundamental freedoms of association, commerce and expression.” Midnight is being designed to give users the autonomy and control over the handling of their data.

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