- Midnight Sidechain covers the bridge between TradFi and DeFi
- This exciting sidechain offers privacy and selective closure
- Founder Charles Hoskinson also calls for strategic Cardano Treasury development.
Cardano and Charles Hoskinson take the spotlight again with bullish blockchain ecosystem updates. This time the spotlight is on Cardano’s exciting new Midnight Sidechain, the ecosystem set to connect the Cardano network to a number of other ecosystems and boost interoperability. Hoskinson explains how the Midnight Sidechain covers the bridge between TradFi and DeFi with privacy and selective closure.
Midnight Sidechain Covers the Bridge Between Trad Fi and DeFi
This ongoing bull cycle has gotten Cardano the most attention it has ever had since the blockchain started building. To highlight, the Cardano ecosystem has been launching steady and highly capable upgrades since the last bull cycle. Thai means that the Cardano blockchain network of today is far more capable and promising than the Cardano ecosystem network functioning in the last bull cycle.
In the last bull cycle, the price of Cardano’s native token ADA hit an impressive ATH in the $3 price range. If ADA was worth an impressive value as that when the blockchain was just in its rudimentary state, then what could its value shoot up to now with Cardano’s latest capabilities? Presently, the blockchain is known as the only truly decentralized network, and with the latest upgrade, it offers heightened speed as well.
What’s more, with the latest Midnight Sidechain launch, Cardano will soon offer greater privacy and unmatched interoperability. With Midnight connecting the Cardano ecosystem to other popular blockchains, the chance for greater innovation has gone explosive. What’s more, Cardano is infinitely scalable, and with its latest Bitcoin DeFi Toolchain, it simplifies development on the chain for all developers and allows BTC holders to earn passive income.
Indeed, Cardano has already accomplished a lot. Now, it is working to bridge the gap between TradFi and DeFi, and the Midnight Sidechain offers an answer. As we can see from the post above, Cardano Founder, Charles Hoskinson, says the Midnight covers the bridge between TradFi and DeFi, with privacy and selective disclosure, so one can do a private stablecoin, or medical record systems, or real estate systems, or security tokens, or supply chains.
Hoskinson Call for Strategic Cardano Treasury Development
As always, Cardano doesn’t stop envisioning a better future. Of the latest conversations Hoskinson has had with the community, most recently, he raised a call for strategic Cardano Treasury development. As the audio in the post above depicts, Hoskinson wants the Cardano community to use part of its massive treasury, 1.8 billion ADA, to support the builders who’ve been there for the ecosystem since day one.