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Highlights
- Charles Hoskinson and Ripple CTO David Schwartz discussed Midnight’s privacy tech and XRP’s role in blockchain innovation.
- Ripple's XRP hit a three-year high, fueled by legal victories and optimism around its pending ETF application with Bitwise.
- Midnight's testnet, live since last month, uses zero-knowledge cryptography to enhance privacy and regulatory compliance in dApps.
Charles Hoskinson, the founder of Cardano, recently engaged in a technical conversation with Ripple CTO David Schwartz, sparking curiosity in the blockchain community. The discussion centered around Midnight, a privacy-focused blockchain project, and XRP, Ripple’s digital asset. Both leaders shared insights and perspectives in what was described as an engaging and collaborative interaction.
Cardano Founder Engages Ripple CTO on Midnight and XRP
According to a recent post on X (formerly Twitter), Cardano founder Hoskinson and Ripple CTO David Schwartz discussed Midnight’s advanced privacy technology and XRP’s growing role in blockchain innovation. Midnight is designed to enhance secure data handling while adhering to regulatory compliance. Hoskinson expressed his enthusiasm for Midnight’s potential to drive privacy-centric decentralized applications (dApps) and further blockchain development.
Similarly, Ripple CTO David Schwartz described Midnight as “extremely interesting” and noted its innovative approach to privacy and scalability. The discussion also touched on XRP’s use cases, including its growing adoption in cross-border payments. Schwartz emphasized the importance of building scalable and efficient blockchain solutions to solve real-world problems.
Reacting to the engagement, Cardano founder noted,
“It was great talking to David Schwartz about Midnight and XRP. Wonderful technical conversation.”
Additionally, recently Charles Hoskinson confirmed his plans to collaborate with the U.S. government under Donald Trump’s administration to shape crypto legislation. Hoskinson aims to promote bipartisan support for blockchain-friendly regulations, emphasizing the need for clear guidelines.
This collaboration with Cardano founder will create a unified blockchain industry capable of addressing regulatory challenges while advancing technological innovation.
These developments come amid recent discussions between Hoskinson and Ripple CEO Brad Garlinghouse, further fueling speculation about a possible Cardano and Ripple collaboration. Hoskinson’s remarks and his praise for Ripple CEO suggest a mutual commitment to tackling shared challenges in the blockchain space
Technical Insights Into Midnight and XRP
Midnight, a privacy-focused sidechain of the Cardano blockchain, leverages zero-knowledge cryptography to enable secure and private transactions. The Midnight testnet, which went live last month, allows developers to explore dApps emphasizing data protection and privacy. The Compact programming language, integrated with TypeScript, enables developers to build decentralized applications seamlessly.
On the XRP front, Ripple is gaining momentum with its upcoming ETF application filed by Bitwise Asset Management. Pro-XRP lawyer Jeremy Hogan projected mid-2025 as a likely timeline for the ETF decision recently. XRP has also experienced its first major price breakout in two years, hitting a three-year high, signaling renewed investor confidence.
In addition, XRP has seen a surge in trading activity, marking its first price breakout in two years. XRP price reached a three-year high, driven by optimism surrounding Ripple’s legal victories and the potential approval of the XRP ETF. Market analysts attribute this rally to growing institutional interest and a favorable shift in regulatory sentiment.
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