Cardano, the blockchain project led by Charles Hoskinson, has been dealing with persistent concerns and doubts from the crypto community, primarily related to its Midnight project.
Midnight is focused on privacy-oriented sidechains, and even though Charles Hoskinson has offered insights into their potential impact, questions and concerns still linger.
The key issues revolve around the launch of Midnight’s native coin, DUST, and the identity of the partners working with Input Output Global (IOG) to ensure the sidechain complies with legal regulations.
Cardano enthusiast Dan Gambardello has taken it upon himself to address these concerns. In a recent post on the X platform (formerly Twitter), Gambardello pointed out that the concerns may be exaggerated, suggesting that the community should take a more nuanced perspective.
He emphasized that the Midnight project is not a sudden replacement for Cardano. Hoskinson has described it as a carefully developed project that has been in the works for over four years.
The purpose of Midnight is not to outshine Cardano but to complement it as a sidechain, introducing new capabilities to the Cardano ecosystem, such as private smart contracts written in TypeScript.