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Alongside the mainnet timeline, Hoskinson revealed the Midnight City simulation, an interactive platform that provides a glimpse into how Midnight offers scalable privacy through selective disclosure.
The simulation, held in Midnight City, began at 10:00 AM Hong Kong time on Thursday.
Charles Hoskinson, founder of Input Output Global (IOG), a leader in blockchain technology and research, officially announced the launch of 'Midnight,' the company's privacy-focused blockchain platform, on February 12, in the last week of March.
This announcement coincided with the keynote delivered by Hoskinson at the 'Consensus Hong Kong' conference, indicating an important step in IOG's efforts to implement data protection and regulatory compliance in decentralized systems.
In the announcement, he stated: 'We have important partnerships that help us run this platform, including Google and Telegram. We are very excited and expect more of these partnerships.'
Midnight City Simulation
The Midnight platform utilizes zero-knowledge proof (ZK) technology to allow for selective disclosure. Think of it as a smart curtain for blockchain data, enabling users to share only what they choose while keeping the rest private.
Midnight operates as a partner chain to the Cardano smart contracts platform, providing privacy and regulatory compliance for decentralized applications. Coinciding with the mainnet launch, Hoskinson unveiled the Midnight City Simulation, an interactive platform that offers a glimpse of how Midnight delivers scalable privacy through selective disclosure.
Responsible privacy ensures that transaction data remains private by default, with the ability to share specific information with authorized parties when necessary. This flexibility helps balance transparency and confidentiality on the blockchain through different disclosure views, classified as public, audited, and divine, each with a different access level.
The simulation, organized in the city of Midnight, started at 10:00 AM Hong Kong time on Thursday; however, public access will remain prohibited until February 26, according to the press release.
This simulation, operating on the Midnight network and featuring AI-powered agents collaborating to ensure a continuous flow of transactions, showcases how accurately blockchain technology meets real-world requirements and its scalability accordingly.
IOG indicated that this test demonstrates the network's ability to continue generating and processing transaction proofs on a large scale, an important step in proving its readiness for real-world use.$G
