Cardano (ADA) founder Charles Hoskinson has provided key updates on the network’s future developments, including the launch of Midnight, a privacy-focused blockchain, and efforts to improve Cardano Native Asset (CNA) support on exchanges.
Hoskinson confirmed that Midnight will launch this year and will offer a new revenue stream for Cardano stake pool operators (SPOs). Operators will earn rewards in both NIGHT tokens and ADA for verifying transactions and maintaining two distributed ledgers instead of one.
Midnight is known as a privacy-centric sidechain designed to enhance Cardano’s ecosystem by offering confidential smart contracts while ensuring regulatory compliance.
Hoskinson also said that support for Cardano Native Assets (CNTs) needs to improve on exchanges. While Kraken has adopted SNEK, one of Cardano’s notable memecoins, he admitted that more needs to be done to facilitate the listing of additional assets: “We need to improve Cardano Native Asset support on exchanges. Kraken has warmly embraced us with SNEK, but there’s still a lot of work to do to get more CNTs listed.”
*This is not investment advice.
