Cardano's Charles Hoskinson: Midnight Privacy Protocol Targets Broader Market, Not Just Monero & ZCash Users

Charles Hoskinson, the founder of Cardano (ADA), has clarified the strategic vision for the upcoming Midnight privacy protocol. He emphasized that Midnight is not designed to directly compete for the existing user base of established privacy coins like Monero (XMR) and ZCash (ZEC). Instead, the protocol aims to capture a significantly broader market by offering data protection solutions for developers and enterprises building decentralized applications (dApps) on the Cardano blockchain. Hoskinson stated that Midnight focuses on enabling compliant and secure data sharing, positioning it as a tool for mainstream adoption rather than a niche privacy-centric cryptocurrency. This approach differentiates Midnight by targeting regulatory-friendly privacy for business use cases, potentially expanding Cardano's ecosystem utility and attracting institutional interest.