Midnight City: Hoskinson Plan for one AI Agent wey go dey trade while you dey sleep

For one interview during TOKEN2049, Charles Hoskinson give example of one merchant wey dey collect cryptocurrency payments and wan make di money turn stablecoin every 15 minutes. One AI agent fit dey run dat kind repeating instruction if e get access to di funds, trading strategy, and permission to use trading venue wey connect.

Hoskinson put dat example inside im plans for Midnight City. Di virtual environment don already allow people to observe autonomous agents, but di financial workflow wey e describe go need extra wallet, identity, and DeFi integrations.

Agent wey get Wallet, Instructions, and Protected Skills

Midnight City provide one setting wey agents fit act and interact. Hoskinson explain how dem fit extend their work pass di virtual environment so dem fit do assigned tasks wey involve assets for different blockchain networks.

E connect dat goal to Nightframe, one proposed private computing environment wey combine trusted execution environment, multiparty computation, and zero-knowledge technology. For im explanation, these components go protect information wey di agent need to process, and still allow am carry out authorized actions.

For di merchant stablecoin conversion, di agent go need know which assets e fit use, where e fit trade, and which strategy to follow. E go also need wallet wey fit interact with di relevant applications. Di merchant instruction go define di task; access to funds and trading services go determine whether di agent fit execute am.

Hoskinson describe one marketplace where agents fit get specialized skills from other developers. For example, person fit rent trading script make e run inside protected environment without showing di source code to di customer. Di developer go provide capability to di agent while e still keep control of di program wey dey under.

Midnight Passport and Delegated Authority

Midnight Passport go connect users identities with their wallets and di information wey dem choose to disclose to applications. Hoskinson describe account access wey use phone security features like fingerprint, PIN, or passkey.

Di identity system go also support verified claims. User fit prove say condition wey one service require don complete without to provide every detail wey dey behind di claim. Hoskinson connect this selective disclosure to zero-knowledge proofs.

For di agent workflow wey e propose, di agent go get im own identity and wallet. Di authority to act with user assets go come from di user. So merchant fit authorize recurring conversion task while e define which funds and services di agent fit use.

Hoskinson still talk about how to keep record of activity when assets dey move among networks. E describe transaction trail wey dey available to di user for accounting and tax purposes and e mention CoinTracker as possible connected service. Di arrangement wey dem propose go allow authorized parties get di records wey dem need without to make di user full trading history public.

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From Midnight to DeFi on Other Networks

Hoskinson compare di role wey Midnight intend to one “VPN for DeFi.” E describe how person fit use Midnight to coordinate activity wey involve other blockchain networks while e still protect selected information about di person wey dey behind di transactions.

Bitcoin serve as one example. Hoskinson outline possible route wey Bitcoin-related assets fit connect to financial applications on Cardano, use am with private stablecoin for Midnight, and later move go another network. User fit select applications by hand or give agent authority to coordinate steps wey dem permit.

Dat workflow need connections among asset infrastructure, DeFi applications, Midnight privacy functions, Passport, and compatible wallets. Hoskinson describe di route as proposed use case, and e no present complete service wey dey execute di entire sequence.

For wallet access, e report say open wallet support first come to Cardano. E identify one implementation wey involve WingRiders as planned step to bring dat support come Midnight.