The new public chain cold start is a deadlock, @MidnightNetwork relies on Cardano to break the deadlock.
90% of new public chains die at cold start; NIGHT directly uses Cardano nodes to 'cheat', winning right from the start!
In the past few years of playing with cryptocurrencies, I have seen many new public chains come and go, and almost all of them have fallen into the same pit. Cold starts, gathering nodes from scratch, no one wants to come, leading to centralized nodes and an insecure network; paying for nodes is costly and can't retain them, and within a few days of going live, they are finished.
When I flipped through the white paper of $NIGHT , I immediately noticed its cold start strategy. I must say, this project is truly clever; instead of forcing its way in, it directly leverages Cardano's momentum to solve the issues of new public chains.
NIGHT didn't start from scratch like other new public chains looking for nodes and pulling computing power; it directly connects to Cardano's SPO nodes, which are all validated by years in the market and have mature operational experience. As long as they simply update their software, they can operate both Cardano and NIGHT nodes simultaneously, earning double the profit for a single investment; no one would refuse this.
This means that on the first day of NIGHT's mainnet launch, there will be a decentralized and highly secure node system, without the worries of having too few nodes or being attacked like other new public chains, thus skipping the most difficult cold start phase. Coupled with its DUST+ZK mechanism, it solves cost and compliance issues, stabilizing nodes and improving experience, making enterprises and developers willing to connect, forming a virtuous cycle.
Of course, I have questions too; will borrowing Cardano's nodes lead to being bound?
If the Cardano ecosystem fluctuates, will it affect NIGHT? Also, regarding node profit distribution, can they retain nodes long-term? These all depend on the actual situation after the mainnet goes live.
But it is undeniable that NIGHT’s smartest aspect is avoiding the cold start deadlock of new public chains, not blindly forcing its way in but leveraging existing strengths.
In this market where new public chains are closing down in droves, being able to combine cold start with privacy and compliance truly shows long-term vision, which is also the core reason why I am optimistic about it. #night