The Ethereum Foundation's latest privacy-focused update has sparked considerable debate within the Cardano (ADA) community.
The Cardano community has likened the Ethereum Foundation’s new privacy-focused initiatives to the Midnight network associated with the Cardano ecosystem.
The Ethereum Foundation previously announced the expansion of its privacy efforts. The statement announced the creation of a new “privacy cluster,” comprised of 47 researchers, engineers, and cryptography experts. This cluster encompasses various subprojects, including Secret Read and Write, Secret Proof, Hidden Identities, Privacy Experience, the Enterprise Privacy Task Force (IPTF), and Kohaku.
The foundation's statement aims to enable users to conduct private payments, voting, and transactions without the risk of surveillance or data leaks. It also includes projects like zkID (zero-knowledge identity), which will prevent unnecessary information sharing during identity verification processes.
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The Ethereum Foundation made the following statement regarding these studies:
“Privacy deserves to be a top-notch feature of the Ethereum ecosystem. We are committed to making this vision a reality for both individuals and institutions.”
However, the Cardano community likened the announcement to the Midnight Network, which Cardano has been developing for a long time. Cardano founder Charles Hoskinson also joined the discussion, making a direct reference to Ethereum founder Vitalik Buterin:
“Sorry Vitalik Buterin, some things you can't copy. Midnight was built for the fourth generation, and adapting Ethereum's first layer (L1) to it is not possible without fundamentally changing its tokenomics.”
Midnight in the Cardano ecosystem is described as a network that stands out with its “secret smart contract” architecture, aiming for a structure that is compliant with regulations while protecting data privacy.
*This is not investment advice.