Midnight: A new privacy and data protection protocol on CardanoProtecting personal data has long been debated in the crypto community. The Midnight protocol, powered by Cardano, will create new conditions for online interaction. It can grant access to regulators while maintaining user privacy.
Midnight: A new privacy and data protection protocol on Cardano
With the advent of Web2, it became possible to create social networks where people can freely communicate and share information. But these platforms are owned by centralized companies, which can expose users to restrictions or surveillance, and confidential information and personal data can be "leaked" to the network. Web3 can create an environment without censorship or control over user data. But the implementation of decentralized projects either reveals too much information about users or leads to an overly closed system.
Here's the dilemma: by making payments on the Internet using cryptocurrencies, users can thus remain anonymous by not providing their personal data to third parties. On the other hand, the more anonymous the digital process is, the more negatively the regulatory authorities treat it due to lack of control. And to solve this dilemma, IOG is set to launch a new platform called Midnight.
Midnight is a blockchain that helps protect personal and commercially sensitive data. Such a solution will be fundamentally new in online interaction: users can decide what information they want to disclose.
Midnight will operate as a sidechain on the Cardano blockchain and inherit its security and decentralization.This will significantly expand the usefulness of Cardano, as it will be possible to create an extensive network with secure data.
The platform will enable commercial companies to exchange critical information directly with each other. For example, they can transfer financial data without fear of leaks or disclosing confidential information. And private users will be able to safely share their personal data on the Internet and not be afraid that they will be misused.
Midnight will make it easier for developers to create smart contracts than ever before. In this case, you can use various popular programming languages, starting with Typescript.
Charles Hoskinson, the founder of Cardano, explained the paradox of having a privacy law and a disclosure law at the same time:
"Every time you engage in a regulated business, there’s a privacy requirement because a regulated business requires you to give away some personally identifiable information and there’s a privacy law on the other side that says you have to keep it secret. The problem is, if you try to do that in a blockchain setting, your private information becomes public to everybody."
Midnight solves this problem with several new features. An important component will be private smart contracts to help ensure regulatory compliance. Another feature would be that blockchain relies on zero-knowledge proof. It is a form of encryption and transaction verification that allows one party to prove to another that they know something without revealing the information itself.
To put it very simply, it can be explained as follows:
Imagine a cave where there is one entrance, which is divided into two paths: A and B. These two paths are connected by a closed door with a code phrase. Bob wants to check if Alice knows the code for the door. But Alice wants to keep the code from Bob.
To do this, they make a check: Bob is standing outside the cave, and Alice goes inside and takes one of two paths, and Bob needs to know which one. Next, Bob asks Alice to come back using one of the paths chosen at random. If Alice took path A, and Bob asked to exit using path B, then Alice must open the door using the passphrase. This way, she will prove that she knows it without revealing the phrase itself.
Simply put, a platform can provide access to regulators while maintaining user privacy.
Midnight is currently in development. It is worth noting that the new blockchain will have its own DUST security token, and with the help of anonymous smart contracts, the level of privacy will be transferred to the user's hands. And according to Charles Hoskinson, Midnight will replace existing confidential coins, such as Zcash and Monero.
In conclusion, Midnight is vital to Cardano's global goal of creating secure blockchain technologies. This protocol aims to solve one of the main problems in the crypto community that worries many users. This again proves that the developers remain true to their philosophy and values: making a product for people while preserving their rights and freedoms.
"Midnight – designed for developers, built for humanity."
CARDANOADA
ADA USDT BINANCEAiming long for ADA.
A lot of Alts are going to pump imo.
.76 - 1.03 is a strong magnet pull.
Thanks for following.
Comment if you have any other ideas.
Don't get to greedy and make sure your taking profits on the way up when all these Alts start running.
This isn't financial advice, they are just my ideas and opinions.
DYOR
feedback appreciated (novice) cardano my current approach to Cardano, accumulating in the lower two quadrants, scaling out as it gets in and above the red zone. Keeping powder for an eventual move to the green line, seeing how the PA interacts and going from there.
ADAUSDT: Have the Bulls Finally Returned? 🫣| Jan. 20, 2023This week, we will stick to the 4-hour time frame to analyze ADA’s price action in detail.
The bulls have finally returned after a month of the bears maintaining a tight grip on the bulls. ADA has rallied by over 40% in the past two weeks after the sharp reversal earlier this month. The coin broke the stringent resistance at $0.3 and was able to extend the rally to $0.37 before pulling back.
After making good moves, ADA fell back to the support at $0.33. At the time of writing, it seems like the price has reversed from the support level, and we may see a continuation of the rally soon. If a strong reversal is seen from the current levels, the price will start approaching the resistance at $0.38 soon.
Traders must maintain caution as ADA is still close to the support and there are still chances of a breakdown. If a breakdown is seen, expect the price to fall to $0.30!
We will maintain a bullish outlook on ADA until it maintains its position above the support at $0.33.
The important price levels for this week are $0.33 and $0.38!
ADAUSDT PUMP/CARDANO HIKEADA HTF are bullish. Both weekly and daily MS confirm that the bulls are in control. Price is currently in a pullback. The impulsive nature of this pull back gives us a bulllish falling wedge which provides us with more confluence and reassurance that upside momentnum is not yet depleted.
Cardano (ADA) Coin Analysis!We examined the chart of the Cardano coin.
To continue the bullish move, Cardano coin must close 7-hour candles above the $0.2836 zone, the red zone indicated on the chart.
If ADA coin can close above the $0.2836 region, we think the bullish move will continue until the $0.2985 region.
When we examine the important support areas of ADA Coin, the important support area of the ADA coin is located at $0.2690.
If Cardano (ADA) coin fails to close above the $0.2840 zone, it can continue its downward move up to the support zone of $0.2590.
Not Investment Advice.
Cardano ADA can be the hidden gemToday it’s time to talk about Cardano, my last trade on it was quite successful I was able to catch the countertrend trade.
You can watch it here👇
I also consider now that ADA has found it’s local bottom and we can use this opportunity to trade.
I have tried a lot of different technical analysis approaches and found that best way to trade crypto is the Elliott waves confirmed by trading chaos tools. On the 1D time frame of the ADAUSDT chart of the WhiteBit exchange I have drawn the considered waves structure. Cardano is printing the last global bearish wave 5 like the entire crypto market.
I suppose that the wave 3 inside last bearish wave have been already finished and now the price set the local bottom. I concluded it because of the reaching the target level 1.61 Fibonacci extension, which is a natural level for the wave 3. Moreover wave 3 has the clear internal structure. Awesome oscillator showing us the wave 3-3 bottom because it corresponds to the minimal value. Wave 3-5 I suppose has been already ended. The wave is extended and longer than wave 3-3, but trading chaos approach helps us understand that.
We can trade the corrective wave 4. I suppose it is going to print the flat or irregular correction because the wave 2 was represented as a zigzag. Waves 2 and 4 usually have the different structure. I have already opened long trade with the target at $0.34 because the 0.38 Fibonacci retracement is located there. This is the natural target for the flat correction.
After that I expect the last wave 5 inside wave 5 and the end of the bear market. I think ADA can form it’s bottom even earlier than Bitcoin and it has much more potential to grow in the new bull run.
Best regards, Ivan
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ADAUSDT - Be Ready for PARABOLIC AltSeasonHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
ADAUSDT is another altcoin that I am extremely bullish on for the next altseason. However, the possibility exists that it might take a while to arrive, considering all the talks of an imminent recession for 2023. We're approaching a strong demand zone from 15c - 22c. From here, to expect a 300% increase is a modest target considering the last time that we hit this support zone the price increased 700%!
It might take a while for the price to drop to this level, which is a hidden opportunity considering everyone will get ample time to bag up for the next parabolic rally.
Interested in XRPUSDT ? Check out this idea 👀
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Cardano ADA price is trying to stop falling) Maybe it will growIf we look at the ADAUSDT price chart globally, we can say that buyers are mega-passive.
At a time when quite a few altcoins are trying to grow, the ADA price continues to move in a downward channel, updating the 2022 low in November.
And some very strong altcoins, such as MATICUSDT, have long ago left the falling channel and changed the trend of price movement.
On the other hand, the ADAUSD price has entered the liquidity zone of $0.28 - 0.35, where it is trying to round up and show signs of a possible trend reversal.
If you believe in the positive prospects of the Cardano project, then the liquidity zone of $0.28 - $0.35 is a good place to take a long position for part of the deposit for the long term.
Analyzing the current price behavior of ADAUSDT, it is hard to hope for rapid growth. But $0.60- 0.65 for ADA closer to the middle of winter 2023 why not ?)
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ADAUSDT $36c Likely on PhoenixAscendingHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Here's a short term overview on what we can expect for the price of Cardano for the immediate term. Technical indicator Phoenix Ascending together with Bollinger Bands point towards a potential $0.36c, as we see the RSI and EMA moving up with bullish buying momentum in the short term. IF the green EMA can cross over the 50 line, we can expect movement towards the basis of the bollinger bands, even if it is just a wick. The basis is the 20d moving average currently at $0.36.
However, currently with all the bankruptcy happening in the crypto environment, the markets do not look favorable for a new bull cycle, so I expect a resistance zone here. The next immanent support zone is around 0.22c, where there is a high demand zone and this is where I expect a bottom for ADAUSDT to be found.
Curious about what Decembers hold for Bitcoin historically? Check out this idea:
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ADA crucial levelsBINANCE:ADAUSDT
This is a most important levels for Cardano
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Possible Targets and explanation idea
➡️On screen local chart since April drop. Fib in play and we going to touch -0.27 level 0.2761 price
➡️This zone was resistance zone in January 2021 now it play like support
➡️Like you can see we can touch -0.27 level and grab liquidity before we make a reversal move
➡️If we capitulate and market crash again next zone 0.17 cents
➡️We already passed local downtrend line with retest
➡️By Yellow line I showed potential correction to all this downside move to 0.93 cents
➡️On Direction indicator big players start accumulate ADA but no signal to buy yet
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ADA Cardano Long?ADA Cardano Technical Analysis:
- There is a formation of a falling wedge creating lower lows: falling wedges tend to break to the upside.
- Previous Falling and Rising wedges have played out already.
- Will the current Falling wedge break out to the upside?
- A BULLISH Divergence is also forming on a 1HR Chart
-- But how far upside? Take a look at the POC - point of control price and volume at the red line. $0.40
--- Will we make it to $0.40 based on the technical? What are your thoughts?
Follow for daily charts. Cheers
ADA Cardano
#ADA # Cardano
Cardano Cycle Bottom w/ Sell ModelHi Folks,
I use the Sell Model for this Analysis on Cardano (ADA) with 3 stages of a bear market rally in yellow as well.
Sell Model:
- Green (A): accumulation zone
- Blue (B): breakout & re-accumulation zone
- Grey (C): distribution zone
- Red (D): sell-off zone
- Red (E): re-distribution zone
- Green (F): bottom zone
I also note the bear market rally we had from the original breakout zone and pumping up into the most recent macro high, noted in yellows 1, 2, and 3.
I believe we have yet to see our true bear market rally into yellow (3) that will bring us to the final stage of this sell model, our true bottom of the cycle in green (F) thereafter.
Timing for this - if similar to last cycle, is roughly 275 days to take place FROM our local bottom coming soon from yellow (1), putting our potential REAL bottom in Q4 2023 as an estimate for green (F).
If crypto is not dead, then I expect to see something similar again to history.
What are your thoughts? Let me know in the comments!
Cheers,
Vatsik