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Project Overview:
Nillion is a decentralized computing network focused on securely processing and storing data, protecting privacy through 'Blind Computing' technology. The project aims to address challenges related to high-value data security, opening up opportunities for many new applications in fields such as AI, finance, and healthcare.
Core Technology:
Nillion combines Advanced Privacy-Enhancing Technologies (PET) such as Multi-Party Computation (MPC), Fully Homomorphic Encryption (FHE), and Zero-Knowledge Proofs (ZKP) to create a cryptographic foundation layer. This allows for storing and processing data without decryption, ensuring maximum security.
Ecosystem and Applications:
Currently, more than 35 projects across various fields such as AI, DePIN, DeFi, and SocialFi are planning to deploy on the Nillion network. This demonstrates the potential for widespread applications and interest from the tech community.
Finance and Development:
In November 2024, Nillion raised 25 million USD in a funding round led by Hack VC, with participation from angel investors and projects like Arbitrum, Worldcoin, and Sei. This funding will support Nillion in expanding its 'Blind Computing' technology and developing its ecosystem.
Conclusion:
Nillion brings a breakthrough in processing and storing high-value data by combining advanced privacy-preserving technologies. With strong financial support and interest from many other projects, Nillion has the potential to become an important platform in the field of decentralized computing and data security.
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