Hoskinson pitches Night Mode as next step beyond smart contracts at TOKEN2049
- —Night Mode combines ZK proofs, MPC and TEEs for contracts with selective disclosure
- —Midnight's NIGHT token handles governance with a fixed supply of 24 billion
- —DUST is a shielded, renewable token used to pay transaction fees
- —Permissionless smart contracts went live on Midnight mainnet in early October 2026
Why it matters: A privacy layer plugging into Solana and other chains could draw volume beyond Cardano, though NIGHT remains highly volatile.
Source: Crypto Briefing