Midnight

NIGHT CMC #69 in the snapshot

A programmable privacy network where applications combine public state with private information and prove permitted actions without publishing every underlying detail.

Profile checked 14 Nov 2026Asset ranks captured 14 Nov 2026Snapshot & methodology ↗

01 / THE PURPOSE

What is Midnight for?

Midnight is designed for applications that need selective disclosure: participants can demonstrate a condition while keeping other information private. Its production mainnet is live; official network documentation records a November 2026 ledger upgrade.

02 / THE ARCHITECTURE

Three questions about the machinery.

How does it agree?

Consensus & security

The launch design uses a trusted validator set and federated governance, with decentralization described as a staged process. Zero-knowledge proofs protect application data; they do not remove the network’s validator and governance dependencies.

Where do instructions run?

Execution model

Developers use Compact and the Midnight application stack to coordinate public contract state, private local data, and zero-knowledge proofs. An application decides what is disclosed and what remains private.

What is the token for?

NIGHT in the system

NIGHT generates DUST, a renewable, non-transferable resource used for network transactions. The capital token and the consumed network resource therefore have different roles; holding NIGHT is not the same as paying each fee in NIGHT.

03 / THE DESIGN CHOICES

What comes with the design?

Each architecture makes choices about security, performance, coordination, and who can participate.

Private application state, proof generation, and wallet integration add development and operational complexity.
Selective disclosure is only as useful as the application’s rules and the information participants actually reveal.
The trusted launch validator model should not be described as fully permissionless staking.

04 / IN PRACTICE

Follow one use.

A membership application could verify that a credential satisfies an eligibility rule, update a public entitlement, and keep the underlying personal record private. The proof establishes the encoded condition, not every fact about the person.

05 / CHECK THE EXPLANATION

Sources & snapshot.

Network descriptions use the references below. The CoinMarketCap snapshot determines which assets are in scope and their captured rank; it does not assess the quality of a network.

Midnight network FAQ Midnight
Environments and endpoints Midnight Docs
Midnight network overview Midnight
CoinMarketCap top 100 snapshot Captured 14 Nov 2026 · See the complete scope audit
Midnight (NIGHT) on CoinMarketCap Captured asset rank #69

Profile checked 14 Nov 2026. Network designs and ranked positions can change.