Cardano Midnight Network Launches New Hardfork

Key Insights:

• Midnight token developers introduce a hardfork that enables future upgrades without major network disruption.
• Charles Hoskinson points to Midnight during a wider industry discussion on blockchain privacy.
• NIGHT trades with a $1.59 billion market cap as the network advances toward mainnet.

Cardano Midnight token has released a new hardfork as part of its move toward full mainnet. The upgrade adds a built-in upgrade system, allowing future changes without major disruption.

Notably, the update comes as privacy is gaining attention across the crypto industry.

Cardano Midnight Token Hardfork Marks Key Step to Mainnet

Cardano Midnight Network has taken a major step forward with a new hardfork tied to version 7.0 of its ledger. As noted by core developer Sebastien Guillemot, the update introduces an upgrade system that allows the network to change over time.

This system is designed to reduce the need for frequent restarts. The hardfork is part of the final stretch toward full mainnet.

Developers working on the network confirmed that the change is one of the last core requirements. Cardano proponents believe that the focus of the update is not speed or fees, but rather on long-term stability.

Midnight token is a privacy-focused blockchain linked to the Cardano ecosystem. It is built to support confidential transactions and protect data use.

Notably, the new upgrade system supports this goal by making future changes easier to manage. Developers stated that many projects delay upgrade planning. Midnight chose to include it early.

This will allow the network to respond to future needs without breaking existing systems. It will also help developers and node operators plan.

The hardfork uses a defined process for changes, a process that reduces risks during updates. It also helps avoid confusion across the network. Such a structure is important as the network approaches public use.

It is worth noting that testing and review remain ongoing. The hardfork does not mark the mainnet launch. Instead, it prepares the system for that stage. Developers have shared that the remaining work focuses on stability and ecosystem tools.

Charles Hoskinson Highlights Midnight After Privacy Debate

The Cardano Midnight Network hardfork gained wider notice after comments from Charles Hoskinson. He responded to a public post discussing privacy in crypto systems. The post argued that privacy could become a strong competitive edge.

The privacy discussion came from a16z Crypto. It stated that private networks could create stronger user loyalty. The argument focused on long-term use rather than short-term trends.

Hoskinson replied with a short GIF pointing to the Midnight token. The response suggested that Midnight fits into the privacy argument being made.

The exchange took place on the social media platform X, but it did not announce new funding or partnerships. Still, it brought more attention to Midnight’s progress. It also connected the hardfork with broader industry concerns.

It is important to add that privacy remains a major topic in blockchain design. Many public chains expose user activity by default. Midnight aims to address this issue through its design choices. The timing of the hardfork added relevance to the discussion.

While Hoskinson’s comment was brief, it signaled confidence in the project. It also placed Midnight within ongoing talks about the future of blockchain privacy.

NIGHT Price and Network Data Show Steady Activity

Market data shows Midnight token trading with a market cap of $1.59 billion. The asset recorded a 2.44% change during the reported period. Trading volume reached $113.57 million over 24 hours.

The fully diluted value stands at $2.31 billion, with a volume-to-market cap ratio of 7.08%. If anything is clear, these figures suggest moderate market activity.

The total supply of NIGHT is capped at 24 billion tokens, and the Cardano-linked token has a circulating supply of 16.6 billion tokens. The number of holders stands at 11,180.

The Cardano Midnight Network hardfork does not change token supply or rules. It supports future upgrades and network growth. It is worth mentioning that market response may change as the mainnet approaches.

For now, the update marks technical progress. It strengthens the network’s ability to adapt. Mainnet remains the next major milestone.