Slapping the thigh, a threefold password in one day? Going online with 30u, and within a few days turning into 100u is indeed a slap on the thigh FHE
【What is Fully Homomorphic Encryption?】
Fully Homomorphic Encryption (FHE) refers to an encryption scheme that allows for an arbitrary number of addition and multiplication operations to be performed while in an encrypted state, and returns the same results as if computed on plaintext data. This means that complex calculations can be performed on encrypted data without needing to decrypt it. FHE is the highest level of homomorphic encryption, offering the greatest computational capabilities, but it is also the most complex and computationally intensive form.
【Mind Network】
1. Technological innovation: Mind Network is the first project to apply FHE technology for consensus management, pioneering the industry.
2. Data security upgrade: In traditional AI Agent consensus schemes, data transmission and computation require decryption, which is prone to leakage. Mind Network utilizes FHE to keep data encrypted throughout the process, effectively preventing leaks in scenarios such as financial data processing.
3. Significant efficiency improvement: Traditional consensus algorithms decrease in efficiency as the number of nodes increases; Mind Network combines FHE technology to quickly validate and reach consensus on encrypted data in large-scale AI Agent collaborations, such as smart city traffic management.
4. Trust mechanism innovation: Traditional trust establishment relies on identity authentication and reputation mechanisms, which are vulnerable to attacks. Mind Network, based on FHE, allows nodes to verify only encrypted data without needing to know the true identity or content, solving the trust issues in cross-organizational supply chains.
5. Flexible and scalable architecture: Its distributed network has diverse nodes, which can be scaled as needed in the DePIN and AI Agent fields.
6. Improved incentive mechanism: By using native tokens, sharing transaction fees, honor rewards, etc., it stimulates nodes' participation in consensus and honesty, promoting ecological prosperity.
【Conclusion】
FHE is a universal encryption scheme, and Mind Network is the first project launched by Binance based on FHE technology, using FHE as the token code. More tokens based on FHE technology will be launched in the future.
(This article is a submission for the Square Essay Contest)
