Preface:
There is a writing contest at Binance Square, and during the participation process, I learned about @mindnetwork_xyz, sharing it with everyone.
Let's take a closer look at Mind Network:
Mind Network is Web3's 'super privacy steward', using Fully Homomorphic Encryption (FHE) technology to create the HTTPZ protocol, making data 'invisible' from storage to transmission to computation.
In simple terms, your data can be encrypted and directly used for computation, with the result still accurate without needing decryption. This technology allows Mind Network to shine in privacy protection, consensus security, and cross-chain interaction.
Core highlights: The HTTPZ protocol supports end-to-end encryption, ensuring the entire data lifecycle is secure, particularly suitable for AI, DeFi, gaming, and DePIN (decentralized physical infrastructure) scenarios that are highly sensitive to privacy.
MindV: The world's first AI-specific FHE voting system! By restaking (such as locking ETH, BTC), users vote according to asset proportions, ensuring fairness and anti-tampering, perfectly solving the 'voting black box' problem in PoS networks.
Ecosystem landscape: MindV Hub covers Agentic AI, DePIN, and cross-chain interoperability, with cooperation projects including CARV, Lumoz, and Cycle Network. As of April 2025, the ecosystem has over 198,000 users and 1.13 million daily interactions, as hot as a 'traffic star' in Web3!
Layered architecture:
Restaking layer: Supports assets like ETH and BTC, transforming into a 'security moat'.
Consensus layer: Rollup chains in collaboration with AltLayer and EigenDA, specifically for running FHE verification.
Security layer: Independent FHE verifiers, the core 'magic engine'.
FHE technology: How powerful is Mind Network's 'magic engine'?
FHE, Fully Homomorphic Encryption, is simply the 'Holy Grail' of privacy computing! It allows encrypted data to be directly computed (addition, multiplication, anything), and the results, once decrypted, are as precise as plaintext calculations. Sounds a bit like 'black magic', doesn't it? This technology makes Mind Network stand out in Web3.
How does FHE work?
Regular encryption (like AES): After data encryption, you need to decrypt it first to compute, which can be easily intercepted.
FHE: After data encryption, it is directly sent for computation, with no one able to intercept in between, and the computed result remains encrypted, only the key holder can decrypt it.
Mathematical foundation: Based on lattice cryptography, resistant to quantum computing attacks, future-proof!
Mind Network's FHE features:
- Efficient optimization: By collaborating with Zama's open-source FHE library, Mind Network has optimized computation efficiency and reduced the high costs of traditional FHE (FHE computation is usually hundreds of times slower than plaintext).
- Scenario adaptation: MindV voting uses FHE to ensure privacy and fairness; cross-chain bridges use FHE to protect transaction data; AI inference uses FHE to prevent model leakage.
- Quantum-resistant security: FHE is based on post-quantum encryption algorithms, so there's no fear of future quantum computers.
Technical progress: Mind Network has received two FHE research grants from the Ethereum Foundation, and has deep collaborations with Zama, with a rapid pace of technological iteration. By September 2024, the HTTPZ protocol supports multi-chain deployment, covering Ethereum, Polygon, Arweave, and more.
Comparing with other privacy projects: Who has stronger 'magic' in Mind Network?
The privacy race in Web3 is full of experts! Zama, Fhenix, and Arbitrum Orbit are working on FHE, Phala and Secret Network are developing Trusted Execution Environments (TEE), and established zero-knowledge proof (ZKP) projects like zkSync and StarkNet are also in the mix. Let's take a look at the comparison.
Mind Network's unique skills:
1/Universal scenarios: FHE allows it to span AI, voting, cross-chain, DePIN, while Zama and Fhenix focus on single fields, and Phala and Secret are limited by TEE's security shortcomings.
2/Ecosystem + Community Bloom: 198,000 users + 1.13 million daily interactions, airdrops and CitizenZ Passport NFTs make the community feel like a 'carnival', while the communities of Fhenix and Zama are still 'developing'.
3/Restaking + AI: MindV's voting mechanism and AI privacy computing are exclusive features, rare in other projects.
Funding and Market: Who is footing the bill for the 'magic'?
The 'magic' of Mind Network is not mere talk; behind it are a bunch of big players. It has raised a total of $12.5 million through two rounds of funding.
1/Seed Round (June 2023): $2.5 million, led by Binance Labs, SevenX, and HashKey Capital.
2/Pre-A Round (September 2024): $10 million, supported by Animoca Brands, MH Ventures, and ArkStream Capital.
Partners include: Chainlink, Zama, Consensys, Arweave, selected for the Binance Labs incubation program and Chainlink BUILD, definitely an 'all-star support team'!
It is worth mentioning that it is also the first FHE project to collaborate with #deepseek.
Why Mind Network is worth studying.
1/FHE is on the rise: The demand for privacy in AI and Web3 is skyrocketing, and FHE is the ultimate solution for 'quantum resistance + all scenarios'. Mind Network's HTTPZ protocol is already running on multiple chains, ahead of Zama and Fhenix.
2/The ecosystem is like a 'rocket': MindV Hub integrates AI, DePIN, and cross-chain, with cooperation projects blooming everywhere. User growth (198,000) and interaction volume (1.13 million/day) data are impressive.
3/The community is like a 'carnival': Airdrops, NFTs, $vFHE staking, RootData's popularity rankings show AI + Web3 at the top, both highly popular.
Summary: Should we jump on this 'magic spaceship'?
Mind Network is like the 'invisible battleship' of Web3, worthy of long-term attention.
#MindNetwork Fully Homomorphic Encryption (FHE) reshapes the future of AI.