The Cardano founder has continued to reiterate the broad scale of the Midnight airdrop, lately confirming it may attain 37 million individuals, together with XRP holders.
He made the newest disclosure to the blockchain group throughout his keynote on the Paris Blockchain Week 2025, confirming that the upcoming Midnight airdrop will goal 37 million customers throughout a number of blockchain networks.
Hoskinson: Fourth Crypto Technology Focuses on Privateness
Notably, this newest remark got here on Day 2 of the Paris occasion, the place Hoskinson additionally offered his perspective on the continuing evolution of the cryptocurrency business. For context, he broke down the event of the blockchain sector into 4 generational phases.
Particularly, the Cardano founder defined that the primary technology centered on decentralization, laying the inspiration with networks like Bitcoin. In the meantime, the second technology launched sensible contracts and programmable blockchains, with Ethereum’s rise starting in 2015.
Additional, within the third part, the emphasis moved to interoperability and scalability. This appears to be like to deal with the necessity for networks to speak and develop effectively.
Nonetheless, based on Hoskinson, the business is now transitioning right into a fourth technology, one which prioritizes privateness. He famous that privateness isn’t just an non-compulsory function however an essential issue crucial for the expansion of decentralized expertise.
Midnight Airdrop is for XRP Holders and Others
Based on him, that is the motivation behind Cardano’s growth of Midnight, a privacy-oriented sidechain that enables safe and compliant information administration utilizing superior cryptographic methods.
Highlighting the scope of the upcoming airdrop, Hoskinson revealed that customers holding belongings on main blockchains resembling Bitcoin, Ethereum, Cardano, and XRP will likely be eligible. Notably, different supported networks embrace Solana, Binance Good Chain, Avalanche, and Polygon.
Curiously, XRP’s inclusion isn’t a surprise, given the newfound “bromance” between the XRP and Cardano communities in current occasions. In a current video selling tokenization, Ripple opened with a Cardano emblem, indicating this pleasant relationship between each ecosystems.
In his assertion, Hoskinson harassed that Midnight will current a cross-chain expertise by enabling XRP holders and different customers to work together with the protocol utilizing the native belongings of their respective chains.
They name this function chain abstraction. For the uninitiated, this implies customers received’t have to convert their belongings to work together with Midnight. Whether or not they maintain ADA, ETH, BTC, or XRP, they will simply use them on the platform.
Midnight Seeing Latest Developments
The upcoming Midnight airdrop, generally known as the “Glacier Drop,” is a transfer via which the Cardano Midnight workforce seeks to advertise widespread adoption and cross-chain engagement.
It’ll contain the distribution of two tokens: NIGHT, which is the first governance token of the Midnight ecosystem, and DUST, a non-transferable token used inside the privateness layer for shielded transactions.
Based on the Midnight workforce, NIGHT has a hard and fast provide and has a central function in governance and community participation, whereas DUST focuses on enabling personal transactions with out sacrificing compliance.
In the meantime, Midnight‘s growth roadmap has gained momentum in current months. The mission has launched a collection of upgrades on its testnet to enhance developer expertise, community scalability, and integration readiness. Earlier this week, the workforce confirmed an imminent improve to the testnet.
Midnight testnet is getting an improve. 🛠️
Extra environment friendly nodes, less complicated setup, a sooner proving system, and extra.When you’re a block producer or developer, you’ll have to know what’s new.
➡️ Particulars + subsequent steps:https://t.co/c86sfRerg4
— Midnight (@MidnightNtwrk) April 8, 2025
Additionally, they’ve added a launch overview web page and a compatibility matrix to help builders constructing on the community. As well as, they fashioned a partnership with OpenZeppelin to develop a safe, privacy-focused DeFi framework.
