Having been in the circle for a long time, everyone knows the 'impossible triangle', but in reality, at the commercial implementation level, there is another seesaw of 'compliance and privacy'. If it's too transparent, there are no trade secrets; if it's too secretive, regulatory approval cannot be obtained.

Recently, I have been observing @MidnightNetwork , and I think their entry point logic is quite clear; they are not simply pursuing extreme anonymity, but rather playing the card of 'data protection'.

To put it bluntly, our current public chain is like a transparent glass pocket, everyone can reach in and see what's inside. But this is unacceptable for traditional businesses that are serious about doing business. For example, supply chain data and customer lists are vital, how can they all be laid out on the chain?

The core of Midnight uses ZK (Zero-Knowledge Proof). In simple terms, it means I can prove to you that I indeed meet the requirements (for example, I have enough assets or I am over 18 years old), but I don't need to show you my bank statements or ID photos. This characteristic of being 'verifiable but not exposing the cards' is essential for moving Web2 commercial data to Web3.

As the native token of this network, $NIGHT its role in the network after is not only to pay Gas fees but also to participate in governance and maintain the operation of the network.

I focus on a project and don't like to hear all those flashy technical narratives; I just look at what concrete pain points it actually solves. Data privacy and compliance on-chain is a hurdle that must be overcome for the next wave of mass adoption. After the mainnet goes live, #night we will see how many real commercial application scenarios it can support as we go along.