Cardano Founder: "Midnight will be the No. 1 cryptocurrency app by 2030"

▲ Cardano (ADA), Midnight (NIGHT)/ChatGPT Generated Image

Cardano (ADA) founder Charles Hoskinson stated that Midnight.city, an interactive simulation connected to the privacy-focused Midnight ecosystem, could become the most used application in the cryptocurrency sector by 2030. Midnight.city is about to enter a new beta testing phase, and Hoskinson explained that thousands of test participants are expected to join.

Bitcoinist reported on May 26 (local time) that Hoskinson presented the next version of Midnight.city via X (formerly Twitter) not merely as a product test, but as a large-scale user validation phase. Hoskinson stated that thousands of beta testers would be deployed to improve the platform's design, usability, and user experience.

Hoskinson said, "I am really excited about the next phase of Midnight.city. Soon, thousands of beta testers will join online, and we will gather incredible feedback to improve and refine the world's experience and usability. This is the largest and most significant focus group conducted to date." He further emphasized that development speed would be key to the product's evolution.

Hoskinson said, "Combined with two-week sprints, we will be considerably closer to a new civilization within a few months – a civilization that is crypto-native, puts privacy at its core, and evolves in weeks, not decades. I foresee Midnight.city becoming the most used cryptocurrency application by 2030."

Midnight.city is the public simulation layer of Midnight, a privacy-oriented blockchain connected to the Cardano ecosystem. The official Midnight website describes the network as a blockchain focused on programmable privacy, selective disclosure, and predictable costs. Developers can directly determine what information to protect and what to disclose when necessary.

Midnight.city is designed not as a typical block explorer or wallet interface, but as a living environment. The city consists of autonomous AI agents that work, trade, and interact, creating continuous economic activity. Bitcoinist reported that the purpose of this structure is to generate continuous transaction volume and make zero-knowledge systems more visible to users.

The design of Midnight.city is significant because privacy infrastructure is difficult to directly showcase to consumers. According to the official Midnight blog, users can view the same transaction from different disclosure perspectives, including public mode, auditor mode, and simulation-only God mode. This allows for visual verification of selective disclosure, where certain fields are shown to authorized parties while other data remains protected.

Midnight asserts that privacy does not inherently mean opacity. The network is designed to allow public on-chain states and local private states to interact, utilizing zero-knowledge proofs and a dual-state ledger model. The Compact programming language aims to enable developers to create privacy-preserving applications without requiring advanced expertise in zero-knowledge cryptography.

Midnight also uses a two-part economic model. NIGHT is the network's non-private native governance token, while DUST is a private, non-transferable resource used for transaction costs and smart contract execution. Through this model, Midnight presented a structure that separates capital assets from operating costs and makes application usage costs more predictable.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*