Cardano founder Charles Hoskinson announced that the smart-contract side-chain Midnight will spark the biggest economic event in Cardano's history by November.
Midnight, part of a triumvirate with Cardano and Bitcoin, will offer security and execution capabilities for enterprises and high-frequency retail flows.
Hoskinson voiced frustration over Cardano's governance issues and proposed solutions such as seeding liquidity in DeFi markets using treasury assets.
November marks a crucial period for Cardano with the launch of Midnight Foundation, a token-generation event, ecosystem incentives, and potential surge in users and strategic value.