Not entirely. Midnight is the beginning of a future where all chains can connect through one privacy network, but Midnight itself stays anchored to Cardano for settlement, identity, and finality. Cardano cant be โphased outโ, and Midnight cant anchor itself to another L1 without becoming a new chain. If Midnight ever wanted to anchor somewhere else IO would have to fork it into a separate chain tied to a different single base layer. Not a chance as long as Charles is alive.
Except that even in v5.0, Solana doesnโt qualify as โmatureโ under the draft Clarity Act:
โ Validator concentration
โ No separation of powers
โ No constitutional supremacy or veto
โ Uses โExit as governanceโ
โ Stake override is operational, not structural
The constitution is about coordination and upgrade logistics, not constraining governance power.
@Rizzabeast Its not difficult to understand. Hype drove rotation from CNTs into Night, and MMs profit from volatility, particulary at low liquidity periods right after a launch. CNT pairs were drained, this was internal rotation, not capital leaving Cardano.
Beware of scammers. Ensure you are buying the right NIGHT tokens. Visit the official website to find out the Policy ID.
NIGHT Policy ID: 0691b2fecca1ac4f53cb6dfb00b7013e561d1f34403b957cbb5af1fa4e49474854
Website: https://t.co/OvCIDjrhCZ
Cexplorer: https://t.co/Y6qeucQv1x
@MidnightNtwrk Dope video! Was low key expecting the Midnight plug in the end to set us off into the next generation of secret keeping. Bit of a missed opportunity, but great content nonetheless.