🔥 Gate Square Event: #PostToWinNIGHT 🔥
Post anything related to NIGHT to join!
Market outlook, project thoughts, research takeaways, user experience — all count.
📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
📌 How to Participate
1️⃣ Post on Gate Square (text, analysis, opinions, or image posts are all valid)
2️⃣ Add the hashtag #PostToWinNIGHT or #发帖赢代币NIGHT
🏆 Rewards (Total: 1,000 NIGHT)
🥇 Top 1: 200 NIGHT
🥈 Top 4: 100 NIGHT each
🥉 Top 10: 40 NIGHT each
📄 Notes
Content must be original (no plagiarism or repetitive spam)
Winners must complete Gate Square identity verification
Gat
#NIGHT This chart mainly showcases the technical advantages of the Midnight blockchain (and its token $NIGHT) compared to established privacy coins (like ZCash, Monero), with a particular focus on transaction confirmation speed and token utility.
We can break it down into two parts for interpretation:
Part 1: Consensus Mechanism and Finality Comparison (Top Half)
This part is "dissing" older generation technologies, highlighting Midnight's speed.
Left: Proof of Work (PoW) - Representatives: ZCash, Monero
Icon: Pickaxe (mining).
Feature: "Fundamentally Probabilistic & Slow Finality."
Explanation: For traditional mined coins like Bitcoin and Monero, transaction confirmation is "probabilistic." You have to wait for several block confirmations (for example, 10 minutes or an hour) to ensure the transaction won’t be rolled back.
Illustration: A winding road leading to a question mark, implying the transaction confirmation process is slow, convoluted, and uncertain at the moment it occurs.
Right: Proof of Stake (PoS) - Representatives: Cardano, Midnight
Icon: Handshake (consensus reached).
Cardano: Noted as a fix/upgrade to Nakamoto consensus.
Midnight (Key Point):
BFT (Byzantine Fault Tolerance): An algorithm that allows nodes to quickly reach consensus.
"Instantly Confirmed" (Instant Confirmation): The core selling point. On Midnight, once a transaction is packaged, it’s final—no long waiting time required.
Illustration: A straight arrow directly to a checkmark, implying transactions are confirmed in seconds—fast and certain.
Part 2: $NIGHT Token "Infiltration" and Utility (Bottom Half)
This section explains what $NIGHT the token can actually do, and how it expands through an “infiltration” strategy.
Private Transfers:
This is the basic function. Like the DUST mechanism I explained before, Midnight allows you to transfer assets without exposing the sender or receiver.
Instant Bridging:
Example: $SOL <-> MIDNIGHT. Solana is specifically mentioned.
Explanation: Midnight doesn’t want to be an isolated chain—it wants to be a connector. Users can quickly bridge assets from other chains like Solana to Midnight to become "private assets," or vice versa.
Private Instant Stablecoin Layer:
Pain point: Right now, if you transfer USDT on Ethereum, the whole world knows how much you sent.
Solution: Midnight aims to become the “privacy layer” for stablecoins. Here, you can send USDT/USDC, enjoying instant settlement and privacy—no one can audit your ledger. This meets a huge market demand.
Infiltration Layer - Higher:
Icon: Rocket.
Explanation: The word "Infiltration" is used quite subtly. It suggests that Midnight’s strategy isn’t to "beat" Ethereum or Solana, but to **embed** itself into them. Midnight wants to act as a service layer, providing “compliant privacy protection” that other blockchains can’t.
Summary: What does this chart aim to communicate?
The core logic is:
“Old generation privacy coins (Monero/ZCash) are private, but too slow and difficult to use (PoW). Midnight combines Cardano’s security, using BFT to achieve ‘instant confirmation.’ Not only that, Midnight wants to turn this ‘instant privacy’ capability into a service (stablecoins, cross-chain), infiltrating the entire crypto market.”