Цардано (ADA) co-founder Charles Hoskinson is outlining the features of a new privacy-focused protocol coming to the smart contract platform’s ecosystem.
У нови Интервју on Corey Casta’s Crypto Coins YouTube channel, Hoskinson says that ADA’s upcoming privacy protocol Midnight, which was announced last month, aims to create a confidentiality network of smart contracts, much like what Ethereum (ETH) did for Bitcoin (BTC).
Hoskinson says that Midnight aims to solve the paradoxical problem of having privacy and disclosure laws simultaneously.
“From a regulatory perspective, you’re not actually allowed to use blockchain systems [for privacy]. Why? There’s [the] Bank Secrecy Act, GDPR [General Data Protection Regulation], you have all these privacy departments.
Anytime you could engage in a regulated business, there’s a privacy requirement because regulated business requires you to give away some personally-definable information and there’s a privacy law on the other side of it that says you have to keep it a secret.
The problem is that if you try to do it in a blockchain setting, your private information becomes public to everybody… so it made sense to me to find a way to… create a confidentiality network, so like what Ethereum did to Bitcoin, where Ethereum said ‘we have programmability,’ Midnight does to [Cardano], where instead of having a privacy coin, what you do is you have a confidentiality network, you have smart contracts that are private.”
According to Hoskinson, this is the most difficult task Cardano developers have taken up until now, going as far as saying that it is making the development of ADA itself seem like child’s play.
“It’s a really hard product. It’s the hardest product we’ve ever worked on and it makes Cardano look like kid’s play.”
Cardano is changing hands for $0.31 at time of writing, a fractional gain on the day.
I
Не пропустите ни један ударац - Пријавите се да бисте добили крипто имејл упозорења која се достављају директно у вашу пријемну пошту
Проверити Цена акција
Пратите нас на Twitter, фацебоок Telegram
Сурф Даили Ходл Мик
Изјава о одрицању одговорности: Мишљења изнета у Даили Ходлу нису савети за улагање. Улагачи би требали обавити своју дужну опрему прије него што уложе у високе ризичне инвестиције у битцоин, крипто валуту или дигиталну имовину. Имајте на уму да су ваши трансфери и трговине на сопствени ризик, а за све губитке који могу настати одговоран сте. Даили Ходл не препоручује куповину или продају било које крипто валуте или дигиталне имовине, нити Даили Даили Ходл није саветник за инвестирање. Имајте на уму да Даили Ходл учествује у аффилиате маркетингу.
Истакнута слика: Схуттерстоцк/СхуттерДесигнер
Source: https://dailyhodl.com/2022/12/08/charles-hoskinson-outlines-new-privacy-protocol-coming-to-cardano-ada-ecosystem/