Founder of Cardano, Charles Hoskinson, emphasizes that Midnight and ADA are the keys to rebuilding global financial transparency.
He asserts that privacy-focused and decentralized technologies like Midnight and Cardano play an important role in rebuilding societal trust and modern financial systems.
MAIN CONTENT
Midnight is a secure data sidechain solution, central to Cardano's efforts to enhance transparency.
Cardano aims to build a DeFi ecosystem, enhancing reliability and sustainability.
Hoskinson's vision extends beyond cryptocurrency, helping to reshape governance and global digital trust.
What does Charles Hoskinson believe about the role of Midnight and ADA in the Cardano ecosystem?
Charles Hoskinson, the founder of Cardano, asserts that Midnight and ADA are central to the mission of restoring global financial transparency. According to him, Privacy-first and decentralized technology like Midnight helps protect user data and enhance transparency in blockchain transactions.
Midnight, a sidechain of Cardano, focuses on securely sharing data, ensuring privacy without compromising the transparency and security of the system. This is a major breakthrough that helps financial institutions and society regain trust from users. By 2025, Cardano has achieved many milestones in developing secure DApp applications, solidifying its leading position in the field of decentralized blockchain.
"We believe that Midnight will reshape how data is shared and protected globally, maintaining the balance between transparency and privacy."
Charles Hoskinson, CEO of Cardano, July 2025
Why is decentralized technology that is both secure and transparent important in the reconstruction of finance?
According to the Global Blockchain Council 2024, traditional financial systems are facing a crisis of credibility due to a lack of transparency and frequent data leaks. Hoskinson emphasizes that blockchain ecosystems like Cardano, with its two elements of decentralization and data security, are the solution to this trust crisis.
The adoption of the Midnight sidechain allows organizations to store and share personal data securely while ensuring traceability on the main blockchain. This is a comprehensive approach that helps increase reliability and protect user rights while maintaining the necessary transparency for financial transactions and governance.
How is Cardano reshaping trust and global digital governance?
Hoskinson's vision goes beyond the realm of cryptocurrency, aiming to build a foundation for trust and digital governance on a global scale. Cardano, with ADA and projects like Midnight, focuses on creating an innovative, transparent, scalable, and secure blockchain environment.
This helps promote organizations, businesses, and governments to adopt blockchain technology to manage assets, identities, and public data with high standards of privacy and transparency. According to a research report by the Blockchain Research Institute in 2025, solutions like Cardano play a vital role in addressing the challenges of traditional finance while promoting sustainable development.
"Restoring trust in the digital world is not just a technological issue but also a responsibility of the entire society."
Dr. Le Minh Anh, Blockchain expert, 2025
Practical examples from Cardano and Midnight in enhancing security and transparency
Midnight has been successfully integrated into many identity verification and DeFi transaction projects in 2024-2025. For example, a financial institution in Europe uses Midnight to protect customer data, minimize the risk of information leaks, while also ensuring transparent reporting to regulatory agencies.
Thanks to this technology, the organization has reduced data loss incidents by 40% and increased customer satisfaction by 30%, demonstrating the practical effectiveness of the Cardano ecosystem in protecting privacy and enhancing transparency.
Key features of Midnight compared to other sidechains
Midnight Features (Cardano) Traditional Sidechain Focused on Privacy Protection Has advanced Privacy-first protocols Limited in data security Decentralization Completely decentralized, no intermediaries Often relies on third parties Interoperability with Main Blockchain Optimally supports Cardano Mainnet Limited connectivity and communication
Frequently asked questions
What is Midnight?
Midnight is a sidechain of Cardano, emphasizing data security and privacy in blockchain.What role does ADA play in the Cardano ecosystem?
ADA is the main Token, used for transactions, staking, and participating in governance within the network.Why are security and decentralization important?
They help protect personal data and maintain transparency, ensuring the system is not dominated centrally.What plans does Cardano have to expand its application?
Cardano is developing many DApps and collaborating with decentralized organizations, aiming for global digital governance.How does Midnight enhance reliability for finance?
Midnight enables secure data sharing, reduces risks, and creates transparency for financial institutions.
Source: https://tintucbitcoin.com/bitcoin-cardano-xrp-pi-network-bien-dong/
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