Cardano’s $9B network has little real activity — its new system aims to fix that

The Midnight Foundation declared its network live on Mar. 29, with the genesis block dated Mar. 17. That launch gives Cardano’s community its first production test of Charles Hoskinson’s argument that public blockchains cannot reach regulated finance, identity, and business use unless the infrastructure itself embeds privacy and compliance from the start. Cardano enters that test in an unusual position: a market cap …