Project original intention:
Mind Network is the first solution that combines Fully Homomorphic Encryption (FHE) and Proof of Stake (PoS) networks. This network supports re-staked ETH, BTC, and AI blue-chip tokens, operating as an FHE verification layer, providing consensus protection, data privacy, and the security of cryptoeconomics for major PoS networks such as decentralized AI, DePIN, EigenLayer, Symbiotic, and Babylon AVS.#MindNetwork全同态加密FHE重塑AI未
Big names backing Mind Network:
In addition to major investments from Binance, it has also garnered favor from several other institutions: major investors include Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures, IBC Group, and others.
This round of financing has also attracted well-known angel investors, including Ether.fi CEO Mike Silagadze, as well as prominent figures in the crypto space like Mario Nawfal, Mr. Block, and Kyle Chassé.
Mind Network divides its architecture into three main layers:
Re-staking Layer: Allows users to re-stake LST/LRT assets into secure AI or PoS subnetworks, thereby creating an efficient security market.
Consensus Layer: Integrated with technologies like AltLayer and EigenDA to handle FHE authentication and data consensus.
Security Layer: Composed of validators running FHE algorithms, responsible for providing secure data verification services.
Additionally, MindV is a governance mechanism based on FHE, allowing the community to vote on network decisions using vFHE tokens, which represent voting rights within the ecosystem.
Mind Network adopts a three-layer architecture, utilizing Fully Homomorphic Encryption (FHE) technology to protect data security without the need for decryption. This system connects users, equity platforms, and artificial intelligence or Proof of Stake (PoS) networks in a completely private and efficient manner.
What is Fully Homomorphic Encryption (FHE)?
FHE encrypts data at various dimensions from the source, transmission, storage, and computation based on extremely difficult or unsolvable mathematical problems. In short, what you see is all ciphertext, no plaintext.
The underlying encryption mechanism of FHE is not the focus today; let me quickly clarify this with a simple example. For instance, if your phone number is encrypted with FHE, it appears as ABCNHJKUYTG, so in all aspects from usage to transmission, you see only ABCNHJKUYTG. When a place needs to use the last four digits of the phone number, it requires a key to decrypt. In this scenario, the data is effectively locked in a safe wherever it goes.
Why Mind's encryption technology is valuable in the AI field
Taking Deepseek integrating Mind as an example, many institutions in the country are now incorporating Deepseek into their daily operations. Especially sensitive sectors like finance and energy are enhancing efficiency through Deepseek while increasing the risk of data leaks. The reason is that when AI becomes sensitive, how to ensure the security of AI data transmission is crucial. Particularly, if AIs interact with each other in the future, how can data security be guaranteed?
Looking back at Mind, it was born in this decentralized market, holding the Holy Grail of FHE, designed for the security of high-sensitivity industries like AI and DeFi. It focuses on assisting users in data FHE encryption with a decentralized mindset.
For those following Mind testing, you must have obtained the Mind Network CitizenZ Pass; it feels like Mind aims for 'digital sovereignty,' allowing users to control their own data, which is a grand and ambitious vision.
Summary:
Mind Network is a comprehensive data security solution for the Web3 era, featuring advanced FHE technology, AI support, smart contracts, and secure cross-chain transactions. The project has successfully raised tens of millions of dollars from leading funds such as Binance Labs and Animoca Brands, and is expected to become an important component of future blockchain security.
