Brothers, I've been observing the privacy track for a long time, and there has always been a deadlock: either complete transparency (ordinary public chains), where data runs naked; or complete anonymity (like Monero), which regulators shake their heads at.

@MidnightNetwork The official website has been flipped through, and this operation is indeed a bit tricky—how to achieve both privacy and compliance?

The core is a dual-state ledger architecture

A network runs two ledgers: the public ledger is there for anyone to check, while the private ledger is hidden using ZK proofs. The official technical documentation states clearly: do you want to prove you have 100 $NIGHT but don’t want to expose the specific address? Just provide a ZK proof, and the verifier only knows '≥100', not the specific number.

How practical is this 'selective disclosure'? The white paper gives an example: proving income qualification when applying for a loan without disclosing the specific salary—both compliant and private.

The technical data is impressive.

According to testnet data: the DAVE staking pool increased from 2 blocks at the beginning of September to 157 blocks at the beginning of October, officially described as 'stable, operational, zero downtime'. Testnet overall data: node count increased by 19%, smart contract deployments increased by 29%.

The TPS target is designed to be over 1000, using a Compact language based on TypeScript—front-end developers can pick it up at zero cost.

The token model has something going for it.

The official website's tokenomics page is clearly written: dual-token system.

$NIGHT is a governance token with a total supply of 24 billion, currently circulating about 16.6 billion. DUST is a resource token for paying gas, automatically generated by holding NIGHT, non-transferable, and will decay. It separates 'ownership' and 'usage rights', preventing gas tokens from being speculated while enabling private payments—this design is much smarter than Ethereum's dual role of ETH.

Airdrop data is quite generous: the first wave of glacier airdrops saw 350 million NIGHT claimed by 170,000 addresses, accounting for over 14% of the total supply. Scavenger Mine will start on October 29, and you can mine directly through the browser; the CTO personally stated, 'Just open a webpage and let it run.'

Ecological progress is solid.

· Google Cloud strategic cooperation: as validation nodes + security monitoring + developer support.

· Brave wallet natively integrates Cardano, and you can claim airdrops without plugins.

· Hydra Heads handle high concurrency: institutions like Alchemy, BitGo, Blockdaemon serve as nodes.

· Hackathon data: 1724 people registered, 54 projects submitted.

· Code has been donated to the Linux Foundation, moving towards open-source governance.

Finally, let’s speak plainly.

The privacy track used to be 'either no regulation and you can't survive, or with regulation and it's hard to thrive.' Midnight's official website states clearly: this path is 'what should be public is public, and what should be hidden is hidden'—enterprises can use it (compliance audits), DeFi can engage (private transactions), and developers can write contracts in TypeScript (no need to relearn).

With ZK technology as a foundation, there are 170,000 addresses + 350 million NIGHT real data, backed by Google Cloud, and a low threshold for mining through the browser. I’m in on this.