What struck me about the ideas @MidnightNetwork ?
💪 It’s their attempt to ensure privacy and confidentiality.
I recently entered the crypto world. I could never understand where the freedom of action and independence was when everything is visible, control is constantly tightening, and at the slightest suspicion everything is blocked.
🧑 It’s like standing naked in a large square with a lot of people; everyone is looking at you and seeing what you wouldn’t want to show.
👍 Midnight Network #night provides confidentiality through the principle of 'rational privacy.' It combines the advantages of decentralization with the possibility of selective data disclosure: users can prove facts without disclosing the actual information.
This is achieved through zero-knowledge proofs (zk-SNARKs), which allow transactions to be verified without access to private data.
Midnight has two states — public (visible to all) and private (encrypted, stored locally), and smart contracts are written in a language similar to TypeScript called Compact.
This architecture ensures compliance with GDPR requirements and secure transactions. $NIGHT
