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Cryptocurrency News Articles

Mind Network Alpha Mainnet Launch: A Fully Homomorphic Encryption Driven Restaking Layer for AI and POS Networks

Jul 10, 2024 at 08:56 pm

We are excited to announce the Alpha Mainnet launch of Mind Network, a Restaking Layer that leverages Fully Homomorphic Encryption (FHE) technology

Mind Network Alpha Mainnet Launch: A Fully Homomorphic Encryption Driven Restaking Layer for AI and POS Networks

output: Mind Network, a fully homomorphic encryption (FHE) driven رستaking layer for AI and PoS networks, has officially launched its Alpha Mainnet. This marks the beginning of a new era in decentralized finance (DeFi), as Mind Network is set to revolutionize the way AI and PoS networks achieve consensus, secure data, and enhance crypto-economic security through the power of FHE technology.

As the first phase of Mind Network's multi-chain and multi-asset رستaking service, the Alpha Mainnet will focus on FHE رستaking functions. Users can now participate in restaking with ETH, BTC, and blue-chip AI tokens, earning both Mind XP and multiple staking rewards from various protocols.

To provide a seamless and efficient restaking experience, Mind Network has introduced two types of pools: Flexi Pool and Club Pool. While Flexi Pool allows flexible deposits and withdrawals at any time, Club Pool offers higher yields in exchange for a fixed lockup period.

Moreover, Mind Network has devised a unique point system called Mind XP to quantify user contributions to the shared security of the Mind Network ecosystem. This system primarily considers participation in restaking, including the amount staked and its duration.

To learn more about Mind Network's Alpha Mainnet launch and its innovative approach to enhancing the security of AI and PoS networks, visit their website, Twitter, Medium, YouTube, Github, Gitbook, Discord, and Telegram channels.

About Mind Network

As the first FHE رستaking Layer for PoS and AI Networks, Mind Network operates a framework that functions as an FHE validation network. This enables secure computation and consensus for Bitcoin restaking, Decentralized AI, Bridges, EigenLayer AVS, Bittensor Subnet, and several critical PoS networks. Through Mind Network's solution, verifiable decentralized computation can be performed over encrypted data.

Backed by Binance Labs, Hashkey, Big Brain, Chainlink, and an Ethereum Foundation Grant for their FHE research on Ethereum, Mind Network is dedicated to pushing the boundaries of decentralized security.

News source:captainaltcoin.com

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