Cardano's creator, Charles Hoskinson, has once again criticized Ethereum.

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3 days ago

Ethereum's Privacy Initiatives

The Ethereum Foundation has unveiled a significant privacy update, establishing a "privacy cluster" of experts focused on enhancing user privacy. This initiative includes several projects designed to enable private payments, voting, and secure transactions. The focus is on preventing surveillance and data leaks, while also offering tools like zkID for streamlined identity verification.

Comparison to Cardano's Midnight Network

The Ethereum Foundation's announcement has drawn comparisons to Cardano’s Midnight network within the Cardano community. Cardano founder Charles Hoskinson directly referenced Ethereum founder Vitalik Buterin, highlighting differences in network architecture. He suggested adapting Midnight's fourth-generation approach to Ethereum's first layer is impractical.

Midnight's Architecture and Goals

Cardano’s Midnight network features a "secret smart contract" architecture geared towards regulatory compliance and robust data privacy. It’s designed as a network built for a new generation, emphasizing data security and smart contract functionality. The network aims to provide a foundation for private and secure applications.