Charles Hoskinson’s $200 million bet: Midnight goes live to tackle crypto’s biggest flaws

The Cardano founder argues crypto is too public, complex and risky for mainstream use and is backing a privacy-focused network to change that. What to know : Midnight, a privacy-focused blockchain within the Cardano ecosystem went live, aiming to make blockchain use simpler and safer by hiding sensitive data. Backed by $200 million from Cardano founder Charles Hoskinson, it is designed to address what he sees as crypto’s core design flaws.