Fanfan has something to say: eToro and Vodafone both came to be nodes, this chain is getting interesting.
I just saw the latest news, eToro and Vodafone's Pairpoint have officially joined the operation lineup of Midnight's federal nodes. eToro has 35 million users worldwide, and Vodafone is a global telecommunications giant. What are they doing together?
Fanfan thought for a moment, the key may not lie in the nodes themselves, but in Midnight's design that many people overlook—the DUST decay mechanism.
What is DUST? Simply put, it is the fuel generated automatically from holding $NIGHT, but it is completely different from the Gas of other chains: it decays automatically in seven days and cannot be bought or sold. This design is brilliant; think about it, if DUST could be hoarded and traded, big players would completely hoard it while small investors would have nothing to use, causing the network usage costs to spiral out of control. The decay mechanism forces you to use it; if you don't, it disappears, ensuring that the network always has activity.
eToro's Omri Ross is quite straightforward; he values Midnight's ability for "selective disclosure"—it can protect user privacy while meeting compliance requirements. This is crucial for trading platforms; users don't want others peering into their accounts, but regulators need to have clear checks. Midnight's logic just happens to fit right in the middle.
Fahmi Syed has a saying that Fanfan thinks is particularly true: the operational reliability of early networks is as important as protocol design. Being able to attract traditional giants like eToro, Vodafone, and MoneyGram to run nodes itself is a testament to the ability to implement technology. I will be keeping an eye on the mainnet at the end of the month.
