Today's $NIGHT once rose against the trend, breaking the opening price of the spot market

The Midnight event has a relatively large impact, and the trading volume has indeed increased.

However, before the potential issuance of a large number of activity tokens in the future, the trend has exceeded many people's expectations, and everyone still needs to make their own judgments.

When I reviewed the technical documentation of Midnight again, I found that the most underestimated aspect by everyone is still the ZSwap technology @MidnightNetwork .

After all, trading is the first element of wealth transfer.

The past difficulty of cryptocurrencies was that on-chain transactions were hard to protect privacy, and the analytical technology regarding on-chain smart money has matured.

This makes it difficult for centralized exchanges to prove their innocence.

Moreover, if Midnight's Kachina protocol really succeeds, and the application cost of ZSwap is acceptable, then the new trading venue will meet everyone's needs.

The core point of ZSwap lies in its separation of trading data and signatures; you only need to prove that you have sufficient assets to meet the trading requirements, without having to publicly disclose what and how much you exchanged on the network.

#night this greatly eliminates the thoughts of those who have been watching on-chain asset movements for a long time.

This is also an advantage of Midnight, but everything has a cost, and the benefits of private trading depend on the demand for computing power. The BLS12-381 curve's proof system protects the privacy of transactions, but implementing it also requires time and computing power. The market's acceptance still needs time to verify.