en.bitcoinsistemi.com
Cardano ($ADA) founder Charles Hoskinson has given a clear response to claims that his new project and token, $NIGHT, will replace $ADA.
Hoskinson argued that these discussions missed the point, asserting that $NIGHT was designed to expand the Cardano ecosystem, not to replace $ADA.
Hoskinson stated, “$NIGHT will not replace $ADA,” adding that the idea of selling $ADA and switching to $NIGHT presents a misleading framework. He explained that the $NIGHT token powers Midnight, Cardano’s new privacy-focused network, but this structure does not compete with Cardano’s main economic and governance hub, $ADA.
According to Hoskinson, Midnight will play a strategic role in privacy-focused use cases expected to grow rapidly in the coming years. The Cardano founder stated that he predicts $10 trillion in real-world assets (RWA) will be created in the blockchain sector by 2035, and that he aims for a large portion of these assets to be located on Midnight. He also expressed his desire for private decentralized exchange (DEX) transactions, confidential prediction markets, and similar privacy-requiring applications to primarily operate within the Midnight ecosystem using the $NIGHT token.
*This is not investment advice.