Midnight is live
The world’s first fourth generation blockchain is here.
What is Midnight
Midnight is a fourth generation blockchain designed to unlock real-world adoption.
Midnight provides programmable privacy and a predictable cost model that can unlock a new paradigm in on-chain asset classes and bring the world’s finance on-chain.
The fourth generation of blockchain enables
- Remove the steep cryptographic learning curve to make privacy-enhancing technology into a standard engineering resource.
- Teams can use existing web development skills to deploy sophisticated privacy features.
- Developers build private-by-design applications using the Compact programming language.
- Developers customize exactly what level of protection is provided based on what’s most important and the real-world requirements.
- Protect all user data and disclose only what’s necessary, when it is necessary. Enabled using ZK technology.
- Power transactions with expending the capital asset. The utility token NIGHT continuously generates the network resource: DUST, making costs more predictable.
Midnight Network
Core Features
- Facilitates value transfers by consuming and creating UTXOs while simultaneously updating account-based contract states in a single atomic step
- Uses ZK proofs to have a public, on-chain state and a local, private state interact with each other
- Architecture to align interests of all network participants and separate capital assets from network resources.
- NIGHT is the unshielded utility token of the network that is used to generate the DUST resource that will be used for governance.
- DUST is the resource required to power transactions on the Midnight network. DUST is continuously generated by NIGHT.
- Allows developers to seamlessly manage both private and public states within a single contract. Compact supercharges builders by removing the requirement for specialized expertise in ZK cryptography.
Use Cases
Unlocking an entirely new class of on-chain assets
By enforcing privacy at the protocol level, regulated workflows no longer require third-party intermediaries to manage sensitive data.
Midnight provides the infrastructure for a new class of on-chain assets, and gives everyone the capability and opportunity to digitize all the world’s value.
These capabilities allow decentralized infrastructure to support global financial activity the way the real world actually operates.
Build exchanges and liquidity pools where order size, execution timing and trading strategy are not visible on the public ledger. Keep your market intent private while proving every rule was met.
Support lending where collateral, leverage and portfolio composition remain private. Validate eligibility and liquidation rules through cryptographic proofs, to enable on-chain finance without revealing underlying positions.
Manage fund positions without the risk of front-running or public exposure of strategy. Transaction records can be disclosed selectively to authorised auditors or regulators, ensuring oversight without universal transparency.
Issue and transfer fractional ownership of assets such as property, private equity or structured products with jurisdiction-aware rules enforced automatically at settlement.
Prove accreditation status, eligibility or identity without resubmitting personal documents for each interaction. Verification can occur once and be reused across multiple applications that require compliant access.
Midnight
The 4th Generation Blockchain