Cardano users wondering what DUST token might be all about
cardano The recently unveiled Midnight, a zero-knowledge data security-based sidechain, and its upcoming token, DUST.
While further details on Midnight are still coming in, little or nothing is known about its token, Dust. This has left several Cardano users wondering what the DUST token might be all about and its subsequent use cases.
There is also speculation about where things stand for ADA, the native cryptocurrency of the Cardano blockchain, when DUST is launched.
In response to these speculations, the Cardano-focused Twitter account, ADA whale, shares what he knows so far about the DUST token. He believes that the DUST token would not devalue the ADA cryptocurrency, as it exists on a different chain and would have to gain its relevance like every other token.
He further added that “ADA’s maximum supply and emission schedule remain unchanged and DUST will never give you a seat at the Cardano consensus or earnings table.”
In response to the possible use of DUST as gas on the Midnight blockchain, ADA whale said, “I think that’s the idea, yeah.”
However, users should be wary of scams or fake tokens, as DUST has not been launched yet.
More on Midnight
According to its official website, Midnight will be a data protection-based blockchain that safeguards sensitive commercial and personal data while preserving the fundamental freedoms of association, commerce and expression.
The underlying research is a paper published two years ago by IOG titled “Kachina,” which dives into privacy-enhanced smart contracts.
