We’ve been tracking Midnight for a while, and the shape is starting to come into focus. There’s been some concern that it would not be coupled with Cardano, but that’s misplaced.
It will be a side chain and use Cardano as the initial basis for the block security, but bringing together a number of research threads that IOG have been pursuing. These include Kachina for privacy and Minotaur for combined consensus mechanisms.
SPOs will be able to spin up Midnight nodes, using a combination of new Midnight code and existing Cardano technology such as the chain indexer DBsync. In doing so they and their delegators will be rewarded.
Charles has been talking about Midnight and a rather clever approach to distribute the tokens at the recent Token2049 in Singapore. You can watch it below…
We’ll continue to watch this space closely and will update again.