Cardano, led by Charles Hoskinson, announced a strategic initiative in partnership with XRP, involving a NIGHT coin airdrop.
What Drives the Cardano-XRP Partnership?
Cardano founder Charles Hoskinson shared insights into the Midnight Blockchain, aimed at introducing smart contract functionality to the XRP Ledger. The current limitation of XRP in direct smart contract usage limits user access to decentralized finance. Privacy-focused zero-knowledge technology enables secure contract execution without disclosing personal data.
How Will the NIGHT Coin Airdrop Work?
The 1.2 billion NIGHT coin airdrop will occur in two phases—Midnight Drop and Glacier Drop. Participants holding at least $100 worth of XRP by the specified date will be eligible to claim and manage NIGHT coins via the Lace Wallet until the full network launch. Technical enhancements to support XRP within the Lace Wallet are underway.
Key Aspects of the Initiative
Key points of the initiative include: – Strengthening of the Lace Wallet with integrated XRP support. – Scheduled two-phase NIGHT coin airdrop for XRP holders by mid-2025. – Deployment of zero-knowledge cryptography for safeguarding transaction confidentiality. – Strategic creation of liquidity pools using Ripple’s stablecoin RLUSD.
These collaborative developments position Cardano to elevate its impact within the blockchain landscape, leveraging combined strengths for innovative finance solutions.
