Cardano’s Hoskinson: ‘See The Future On Midnight City’

Cardano’s founder Charles Hoskinson relies on autonomous artificial intelligence (AI) agents to dominate the next phase of the popular Layer-1 blockchain. Certain repetitive on-chain tasks could be better handled by robots, leaving the humans to do more creative work.

With AI-based agents moderating processes like information dissemination & space administration, Cardano’s Charles Hoskinson named OpenClaw as a perfect example of this transition. The crypto mogul even clearly stated that Cardano’s massive community wouldn’t be moderated efficiently relying solely on human teams.

Delivering a new episode on his podcast from sunny Colorado, Cardano’s Charles Hoskinson dived deep into Midnight City. That’s a digital hub for AI-powered agents on Cardano’s Midnight side-chain. In this environment, these AI agents are able to assign different social roles, as well as trade crypto between each other.

Autonomous agents being the key tool for organizing both trading & developing activity, while the entire digital city economy is powered by Cardano’s Midnight chain. Think of it like a classic EA Sims City simulation with powerful AI agents as inhabitants.

Charles Hoskinson has called it a way to show what a real privacy-preserving ecosystem looks like in action. It’s part demo, part stress test & part fun showcase. Here’s how the official website describes it: “they work, sleep, trade & talk. They form bonds & rivalries. They pick favorites & hold grudges. Sometimes they act a little too human”.

Named in Hawaiian style, the phases of Midnight’s mainnet roll-out are positioned to achieve full decentralization by year-end 2027. This, according to Cardano’s Hoskinson, could raise institutional appeal as Midnight combines covers all bases in both privacy & legal compliance. Hua, the final phase, includes trustless bridges along with hybrid dApps at scale.

A key moment in Cardano’s Midnight roadmap is the DUST Capacity Exchange launch coming up this year. Instead of volatile gas tokens, Cardano’s Midnight uses a shielded, rechargeable resource called DUST for transaction fees. It gives predictable costs (that’s super important for institutions & businesses).

Ultimately, Cardano’s Midnight privacy chain isn’t supposed to take over institutional capital, but rather plug different types of blockchains when sensitive parts of blockchain data are preferred to be concealed.

Midnight’s doing that with APIs & bridges that operate on a ‘selective privacy’ consensus, meaning blockchain users can decide each time if they want to share or conceal it.

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