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#MindNetwork全同态加密FHE重塑AI未来
AI, as one of the emerging industries and hot topics in recent years, has become a major focus of public attention.
Regarding the fully homomorphic encryption infrastructure against quantum attacks pioneered by Mind Network, it has been highly sought after in the blockchain space. Meanwhile, compared to other AI models, it has completed over 1.2 million hours of training tasks; at the same time, Mind Network is also the first FHE project officially integrated into the deep seek codebase, giving it advantages over other AIs, and it has received support from over two million citizenZ users worldwide.
The Agentic world does not bring an update to traditional blockchain but a paradigm shift aimed at unleashing the potential of the intelligent device world. I believe that it won't be long before intelligent AI limits the real world, becoming our partner as we move forward together.
Although Mind Network combines FHE technology to quickly verify and achieve consensus on encrypted data in large-scale AI Agent collaboration scenarios, its drawbacks are also quite evident. Compared to traditional encryption, its computation speed is slower, and efficiency still needs improvement when processing large-scale data and complex calculations. Moreover, due to the high computational costs associated with FHE, it may affect the adoption of some cost-sensitive projects and scenarios.
#征文活动BEL
AI, as one of the emerging industries and hot topics in recent years, has become a major focus of public attention.
Regarding the fully homomorphic encryption infrastructure against quantum attacks pioneered by Mind Network, it has been highly sought after in the blockchain space. Meanwhile, compared to other AI models, it has completed over 1.2 million hours of training tasks; at the same time, Mind Network is also the first FHE project officially integrated into the deep seek codebase, giving it advantages over other AIs, and it has received support from over two million citizenZ users worldwide.
The Agentic world does not bring an update to traditional blockchain but a paradigm shift aimed at unleashing the potential of the intelligent device world. I believe that it won't be long before intelligent AI limits the real world, becoming our partner as we move forward together.
Although Mind Network combines FHE technology to quickly verify and achieve consensus on encrypted data in large-scale AI Agent collaboration scenarios, its drawbacks are also quite evident. Compared to traditional encryption, its computation speed is slower, and efficiency still needs improvement when processing large-scale data and complex calculations. Moreover, due to the high computational costs associated with FHE, it may affect the adoption of some cost-sensitive projects and scenarios.
#征文活动BEL
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In the wave of the integration of artificial intelligence (AI) and blockchain technology, privacy and security have become the core challenges of technological innovation. MindNetwork, with its Fully Homomorphic Encryption (FHE) technology, is building a secure and decentralized infrastructure for the future of AI, fundamentally reshaping the way data is processed and collaborated. This article will explore how MindNetwork addresses the pain points of the AI industry through FHE technology and paves the way for new possibilities in the integration of Web3 and AI.
FHE: The 'Holy Grail' of Cryptography and the Perfect Fit for AI
Fully Homomorphic Encryption (FHE) is hailed as the 'Holy Grail' of cryptography, with its core advantage being the ability to perform direct computations on encrypted data without the need for decryption. This means that data can remain encrypted throughout its entire lifecycle—during transmission, storage, and computation—greatly reducing the risks of data leaks and privacy breaches. For the AI industry, the emergence of FHE addresses the following key issues:
The Dilemma of Data Privacy: Training and inference of AI models require massive amounts of data, but data sharing often comes with the risk of privacy breaches. FHE allows data owners to provide encrypted data to AI models for computation without exposing the original data, thus protecting user privacy.
The Lack of Trust in Computation: Traditional AI computation relies on centralized servers, which are vulnerable to attacks or manipulation. FHE, combined with decentralized networks, ensures that the computation process is transparent and verifiable, enhancing the credibility of AI systems.
Barriers to Cross-Chain and Multi-Party Collaboration: AI application scenarios are increasingly complex, involving multi-party collaboration and cross-chain data interaction. FHE provides security guarantees for cross-chain transmission and multi-party computation through its end-to-end encryption capabilities.
MindNetwork has precisely seized these pain points, combining FHE technology with the decentralized characteristics of blockchain to launch the innovative 'HTTPZ' infrastructure, laying a solid foundation for the integration of AI and Web3.
FHE: The 'Holy Grail' of Cryptography and the Perfect Fit for AI
Fully Homomorphic Encryption (FHE) is hailed as the 'Holy Grail' of cryptography, with its core advantage being the ability to perform direct computations on encrypted data without the need for decryption. This means that data can remain encrypted throughout its entire lifecycle—during transmission, storage, and computation—greatly reducing the risks of data leaks and privacy breaches. For the AI industry, the emergence of FHE addresses the following key issues:
The Dilemma of Data Privacy: Training and inference of AI models require massive amounts of data, but data sharing often comes with the risk of privacy breaches. FHE allows data owners to provide encrypted data to AI models for computation without exposing the original data, thus protecting user privacy.
The Lack of Trust in Computation: Traditional AI computation relies on centralized servers, which are vulnerable to attacks or manipulation. FHE, combined with decentralized networks, ensures that the computation process is transparent and verifiable, enhancing the credibility of AI systems.
Barriers to Cross-Chain and Multi-Party Collaboration: AI application scenarios are increasingly complex, involving multi-party collaboration and cross-chain data interaction. FHE provides security guarantees for cross-chain transmission and multi-party computation through its end-to-end encryption capabilities.
MindNetwork has precisely seized these pain points, combining FHE technology with the decentralized characteristics of blockchain to launch the innovative 'HTTPZ' infrastructure, laying a solid foundation for the integration of AI and Web3.
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Exploring the Future of Ethereum State, Execution, and Consensus
#征文活动BEL
Unlike the 'black box' systems of Web2, verifiability means that anyone can independently verify how the system operates. Ethereum furthers this by ensuring that anyone (even on low-end devices) can verify state, execution, and consensus. To make Ethereum truly verifiable, three things must be proven: - State: Can users confirm the current data on the blockchain? - Execution: Can users confirm that the state transition function (STF) is valid? - Consensus: Can users confirm that the correct chain has been chosen? The state of Ethereum is a snapshot of all account balances, smart contract storage, and code at any given time. How can this state be proven valid without downloading the entire blockchain? This involves Merkle Trees and their successor, Verkle Trees. Merkle trees create a 'proof path' from data to the Merkle root, allowing users to verify a single data point without requiring the complete dataset. However, as the state of Ethereum grows, Merkle proofs become large and inefficient. Verkle Trees reduce proof sizes using 'elliptic curve vector commitments'. Instead of hashing each data branch, Verkle Trees use cryptographic techniques to generate a smaller single proof, effectively reducing the proof size from 330 MB to about 2 KB. The execution layer of Ethereum runs the state transition function (STF), which takes the previous state and a new block to compute the next state. To verify execution, users must re-run the transaction — a costly process requiring significant storage and computational power. Ethereum uses 'validity proofs' attached to blocks, eliminating the need to re-run each block. Through validity proofs, proposers demonstrate the correctness of STF execution to light clients. Users only verify three simple hash values: the old state root, the new state root, and the block hash. Ethereum's hybrid probabilistic and deterministic consensus allows for low-latency block production (slots), with finality for each epoch (32 slots). How can this process be verified without running a full validator? The sync committee uses 512 randomly selected validators to sign the head of the chain for 27 hours. Light clients can verify this signature without downloading the chain to ensure its correctness. This approach is simple and efficient, but there are also some risks (such as the inability to penalize bad actors).
Unlike the 'black box' systems of Web2, verifiability means that anyone can independently verify how the system operates. Ethereum furthers this by ensuring that anyone (even on low-end devices) can verify state, execution, and consensus. To make Ethereum truly verifiable, three things must be proven: - State: Can users confirm the current data on the blockchain? - Execution: Can users confirm that the state transition function (STF) is valid? - Consensus: Can users confirm that the correct chain has been chosen? The state of Ethereum is a snapshot of all account balances, smart contract storage, and code at any given time. How can this state be proven valid without downloading the entire blockchain? This involves Merkle Trees and their successor, Verkle Trees. Merkle trees create a 'proof path' from data to the Merkle root, allowing users to verify a single data point without requiring the complete dataset. However, as the state of Ethereum grows, Merkle proofs become large and inefficient. Verkle Trees reduce proof sizes using 'elliptic curve vector commitments'. Instead of hashing each data branch, Verkle Trees use cryptographic techniques to generate a smaller single proof, effectively reducing the proof size from 330 MB to about 2 KB. The execution layer of Ethereum runs the state transition function (STF), which takes the previous state and a new block to compute the next state. To verify execution, users must re-run the transaction — a costly process requiring significant storage and computational power. Ethereum uses 'validity proofs' attached to blocks, eliminating the need to re-run each block. Through validity proofs, proposers demonstrate the correctness of STF execution to light clients. Users only verify three simple hash values: the old state root, the new state root, and the block hash. Ethereum's hybrid probabilistic and deterministic consensus allows for low-latency block production (slots), with finality for each epoch (32 slots). How can this process be verified without running a full validator? The sync committee uses 512 randomly selected validators to sign the head of the chain for 27 hours. Light clients can verify this signature without downloading the chain to ensure its correctness. This approach is simple and efficient, but there are also some risks (such as the inability to penalize bad actors).
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#征文活动BEL
Pantera: Memories 2013-15 bought 2% of the world's Bitcoin, achieving a 1000x return
The post-election surge has further increased the fund by 30%. The fund's total return has now reached 131,165% (after fees and expenses). The day we chose to launch the Pantera Bitcoin Fund was actually the lowest point in the past eleven years. From 2013 to 2015, we purchased 2% of the world's Bitcoin. Frankly, I can't help but think that we still have many years of very attractive return periods ahead. The catalyst for change from 5% in 2024 to a higher ratio has just occurred: regulatory clarity in the United States. We believe that the entire industry will greatly benefit from the first pro-blockchain U.S. president taking office. I still fervently believe in the viewpoint I wrote down eleven years ago: I believe the likelihood of global adoption of a global currency/payment system exceeds 50%, in which free cryptographic technology replaces the high 'trust' fees charged by institutions like banks, Visa, MasterCard, Western Union, and PayPal. Bitcoin replaces cash, electronic fiat currency, gold, bearer bonds, large stone money, etc. It can do all these things. It is the first global currency since gold. It is the first borderless payment system in history. This remains my feeling. We are still in the early stages. 95% of financial wealth has yet to venture into blockchain. When they do, Bitcoin could reach levels similar to $740,000/BTC. My global macro background is what initially brought me to blockchain. The asymmetry of this trade—in the world's largest market—makes this opportunity far exceed the trades we have pursued globally in the past. I think this is the most asymmetrical trade I have ever seen. I believe the democratization of finance will ultimately be more important. Bitcoin has recently surpassed Meta. I believe achieving financial inclusion for every person on Earth with a smartphone will be more meaningful. There are five more targets to surpass (Google, Amazon, Microsoft, Apple, Nvidia).
Pantera: Memories 2013-15 bought 2% of the world's Bitcoin, achieving a 1000x return
The post-election surge has further increased the fund by 30%. The fund's total return has now reached 131,165% (after fees and expenses). The day we chose to launch the Pantera Bitcoin Fund was actually the lowest point in the past eleven years. From 2013 to 2015, we purchased 2% of the world's Bitcoin. Frankly, I can't help but think that we still have many years of very attractive return periods ahead. The catalyst for change from 5% in 2024 to a higher ratio has just occurred: regulatory clarity in the United States. We believe that the entire industry will greatly benefit from the first pro-blockchain U.S. president taking office. I still fervently believe in the viewpoint I wrote down eleven years ago: I believe the likelihood of global adoption of a global currency/payment system exceeds 50%, in which free cryptographic technology replaces the high 'trust' fees charged by institutions like banks, Visa, MasterCard, Western Union, and PayPal. Bitcoin replaces cash, electronic fiat currency, gold, bearer bonds, large stone money, etc. It can do all these things. It is the first global currency since gold. It is the first borderless payment system in history. This remains my feeling. We are still in the early stages. 95% of financial wealth has yet to venture into blockchain. When they do, Bitcoin could reach levels similar to $740,000/BTC. My global macro background is what initially brought me to blockchain. The asymmetry of this trade—in the world's largest market—makes this opportunity far exceed the trades we have pursued globally in the past. I think this is the most asymmetrical trade I have ever seen. I believe the democratization of finance will ultimately be more important. Bitcoin has recently surpassed Meta. I believe achieving financial inclusion for every person on Earth with a smartphone will be more meaningful. There are five more targets to surpass (Google, Amazon, Microsoft, Apple, Nvidia).
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#征文活动BEL I was first introduced to BEL through Binance's Launchpool event. By depositing USDT into the liquidity pool, I experienced its yield maximization strategy. Compared to other DeFi projects, BEL's operations are straightforward and the fees are transparent, making it easy for me, as a DeFi novice, to get started. The trading liquidity of BEL tokens is very good, suitable for short-term trading and medium to long-term holding.
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Lista Lending: Opening a new chapter in Binance Wallet TGE lending
In the tide of the crypto world, innovation and competition are always the driving forces pushing the industry forward. For users enthusiastic about Binance Wallet TGE (Token Generation Event) investments, lending for investments has long become an efficient way to participate. Now, with the emergence of Lista Lending, this track has been injected with new vitality, breaking the dominance of Venus and providing users with more choices and possibilities.
Lista Lending: A new choice for TGE investments
In the past, Venus and AAVE have been the main platforms for lending investments. By collateralizing assets to borrow BNB, users can easily participate in Binance Wallet TGE without worrying about BNB price fluctuations, only needing to pay low-interest rates and minimal fees to achieve 'lossless' investments. The addition of Lista Lending has made this strategy more diversified.
Lista Lending: A new choice for TGE investments
In the past, Venus and AAVE have been the main platforms for lending investments. By collateralizing assets to borrow BNB, users can easily participate in Binance Wallet TGE without worrying about BNB price fluctuations, only needing to pay low-interest rates and minimal fees to achieve 'lossless' investments. The addition of Lista Lending has made this strategy more diversified.
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In fact, #ListaDao #List is a very good token with such a low valuation and high TVL. We can make money from this token in many ways.
1: After purchasing the list, you can get a lot of tokens by locking the position. I have earned more than 300 from the 1,000 at the beginning, which is more than 1,300.
2: The vault is said to have a good airdrop, but the income so far is zero.
3: Providing liquidity, that is, staking BNB and ETH and getting lisUSD, and then going to the supported platform to add liquidity for the second time, such as THENA or cake. The operation is difficult. You need to calculate to make a profit. You need to work harder on investment research.
4: If you think these are all problems and there are more or less risks, then you can directly stake stablecoins and make money directly from list and lisUSD. The yield is 12%, but there will be some fluctuations, and you can change pools.
The above is what I mean by earning tokens. Of course, there is a last way, such as writing articles like me. LOL
#ListaLending革新BNBChain借贷 #征文活动BEL
1: After purchasing the list, you can get a lot of tokens by locking the position. I have earned more than 300 from the 1,000 at the beginning, which is more than 1,300.
2: The vault is said to have a good airdrop, but the income so far is zero.
3: Providing liquidity, that is, staking BNB and ETH and getting lisUSD, and then going to the supported platform to add liquidity for the second time, such as THENA or cake. The operation is difficult. You need to calculate to make a profit. You need to work harder on investment research.
4: If you think these are all problems and there are more or less risks, then you can directly stake stablecoins and make money directly from list and lisUSD. The yield is 12%, but there will be some fluctuations, and you can change pools.
The above is what I mean by earning tokens. Of course, there is a last way, such as writing articles like me. LOL
#ListaLending革新BNBChain借贷 #征文活动BEL
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#征文活动BEL
We can clearly see Binance's shift in attitude towards BSC projects / memes. This shift could inject a shot of adrenaline into BSC ecosystem users. Over the span of a year, BNB Chain ranks seventh in Netflow, while in the recent three-month timeframe, BNB Chain ranks fifth in Netflow. We can interpret this phenomenon as the beginning of a trend reversal. In the future, if all goes well, under Binance's preference for the BSC ecosystem, we may see more wealth opportunities on the BNB Chain. This is a great positive flywheel. (You can clearly see that Base and Solana are the two most favored chains in the crypto market, as there are many wealth opportunities on them, liquidity will flow in en masse, and due to the influx of liquidity, there will be more wealth opportunities).
The value return of DeFi is something many people have been talking about, and we can also clearly see the emergence of this trend (largely catalyzed by the leader Trump). Binance Alpha has also listed many DeFi-related tokens, such as $APX $CKP $GEAR $Syrup, etc. The list of Binance Alpha indicates Binance's current attitude towards DeFi. We need this attitude to confirm the future potential of DeFi tokens. Investing under a trend will make the investment more effective.
The main focus of Binance Alpha is AI, or rather, AI Agents. I won't elaborate on this further. Besides Solana and Base AI, we need to keep an eye on BSC AI. In light of the first point, I believe Binance is very likely to list a certain BSC AI spot (rather than just contracts) in the near future. Currently, the core of competition among various ecosystems is AI. AI is the easiest field to create wealth opportunities (previously it was memes). Now, to list a batch of BSC memes can only be said to be Binance being somewhat slow to react, while future competition among ecosystems and exchanges will focus on the AI sector. If Binance wants to develop the BSC ecosystem, it might consider BSC AI.
We can clearly see Binance's shift in attitude towards BSC projects / memes. This shift could inject a shot of adrenaline into BSC ecosystem users. Over the span of a year, BNB Chain ranks seventh in Netflow, while in the recent three-month timeframe, BNB Chain ranks fifth in Netflow. We can interpret this phenomenon as the beginning of a trend reversal. In the future, if all goes well, under Binance's preference for the BSC ecosystem, we may see more wealth opportunities on the BNB Chain. This is a great positive flywheel. (You can clearly see that Base and Solana are the two most favored chains in the crypto market, as there are many wealth opportunities on them, liquidity will flow in en masse, and due to the influx of liquidity, there will be more wealth opportunities).
The value return of DeFi is something many people have been talking about, and we can also clearly see the emergence of this trend (largely catalyzed by the leader Trump). Binance Alpha has also listed many DeFi-related tokens, such as $APX $CKP $GEAR $Syrup, etc. The list of Binance Alpha indicates Binance's current attitude towards DeFi. We need this attitude to confirm the future potential of DeFi tokens. Investing under a trend will make the investment more effective.
The main focus of Binance Alpha is AI, or rather, AI Agents. I won't elaborate on this further. Besides Solana and Base AI, we need to keep an eye on BSC AI. In light of the first point, I believe Binance is very likely to list a certain BSC AI spot (rather than just contracts) in the near future. Currently, the core of competition among various ecosystems is AI. AI is the easiest field to create wealth opportunities (previously it was memes). Now, to list a batch of BSC memes can only be said to be Binance being somewhat slow to react, while future competition among ecosystems and exchanges will focus on the AI sector. If Binance wants to develop the BSC ecosystem, it might consider BSC AI.
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#征文活动BEL With the rapid development of blockchain technology, decentralized finance (DeFi) has become a hot topic in recent years, and Bella Protocol (BEL) is a star that has attracted much attention. As a "one-stop DeFi experience" project, BEL provides users with convenient and efficient services through intuitive design and smart yield optimization tools.
I initially came across BEL during Binance's Launchpool event. By depositing USDT into the liquidity pool, I experienced its yield maximization strategy. Compared to other DeFi projects, BEL is easy to operate and has transparent fees, allowing me, as a DeFi novice, to easily get started. The trading liquidity of BEL tokens is very good, making it suitable for short-term trading and medium to long-term holding.
The advantages of Bella Protocol also lie in the strength of its technical team and the strong support from Binance. In addition, BEL actively explores cross-chain collaboration, and this openness gives it the potential to connect different blockchain ecosystems. Currently, although the market capitalization of BEL is relatively low, it has unique advantages in optimizing user experience and lowering the entry barriers to DeFi.
I initially came across BEL during Binance's Launchpool event. By depositing USDT into the liquidity pool, I experienced its yield maximization strategy. Compared to other DeFi projects, BEL is easy to operate and has transparent fees, allowing me, as a DeFi novice, to easily get started. The trading liquidity of BEL tokens is very good, making it suitable for short-term trading and medium to long-term holding.
The advantages of Bella Protocol also lie in the strength of its technical team and the strong support from Binance. In addition, BEL actively explores cross-chain collaboration, and this openness gives it the potential to connect different blockchain ecosystems. Currently, although the market capitalization of BEL is relatively low, it has unique advantages in optimizing user experience and lowering the entry barriers to DeFi.
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#征文活动BEL
This is a new and innovative project. I recently got in touch with BEL through Binance's Launchpool event. It adopts a mechanism called Smart Banking Ambassador, allowing users to easily manage and trade various digital assets.
The Smart Banking Ambassador aims to provide a user-friendly way for anyone to participate in decentralized financial activities, regardless of their technical abilities or asset size. Compared to other DeFi projects, BEL is easy to operate and has transparent fees, with no hidden costs included. Even beginners who have never used DeFi can easily get started. The trading liquidity of the BEL token is very good, making it suitable for medium, short-term trading, and long-term holdings.
$BEL
This is a new and innovative project. I recently got in touch with BEL through Binance's Launchpool event. It adopts a mechanism called Smart Banking Ambassador, allowing users to easily manage and trade various digital assets.
The Smart Banking Ambassador aims to provide a user-friendly way for anyone to participate in decentralized financial activities, regardless of their technical abilities or asset size. Compared to other DeFi projects, BEL is easy to operate and has transparent fees, with no hidden costs included. Even beginners who have never used DeFi can easily get started. The trading liquidity of the BEL token is very good, making it suitable for medium, short-term trading, and long-term holdings.
$BEL
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Lista Lending Risk Warning
According to search results, as a DeFi lending protocol, Lista Lending, while innovative in security mechanisms and risk control, still faces the following potential risks:
1. Market Volatility and Liquidation Risk
• The platform requires a minimum collateral ratio of 150%. If the prices of collateral assets (e.g., BTC, BNB, etc.) fluctuate dramatically, this could cause the value of the collateral to fall below the liquidation threshold, triggering automatic liquidation. High-volatility assets (such as solvBTC, PT-clisBNB, etc.) must adhere to special handling rules, further amplifying the impact of market volatility on users.
• Leverage Operation Risk: Users who borrow stablecoins by collateralizing assets and then reinvest may face a cascade of liquidations if the market declines. For example, using PT-clisBNB for cyclical collateralization with leverage can significantly increase risk exposure due to multi-layer arbitrage.
1. Market Volatility and Liquidation Risk
• The platform requires a minimum collateral ratio of 150%. If the prices of collateral assets (e.g., BTC, BNB, etc.) fluctuate dramatically, this could cause the value of the collateral to fall below the liquidation threshold, triggering automatic liquidation. High-volatility assets (such as solvBTC, PT-clisBNB, etc.) must adhere to special handling rules, further amplifying the impact of market volatility on users.
• Leverage Operation Risk: Users who borrow stablecoins by collateralizing assets and then reinvest may face a cascade of liquidations if the market declines. For example, using PT-clisBNB for cyclical collateralization with leverage can significantly increase risk exposure due to multi-layer arbitrage.
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