💡 What is Mind Network?
Last updated
Last updated
About Mind Network Mind Network is pioneering FHE for a Fully Encrypted Web3. Innovating FHE to empower end-to-end encryption for the whole industry, starting with AI, modular chains, gaming, and DePin. Mind Network offers unique solutions for data sovereignty protection, fair consensus, private voting, secured crosschain transfer, and trusted AI. Mind Network is backed by notable investors including Binance Labs, Cogitent, Hashkey, Animoca Brands, Chainlink, and has received two Ethereum Foundation Grants for its FHE research. Partnered with industrial leaders like Zama, Mind Network is building a fully encrypted infrastructure for the vision of ‘Encryption as Sovereignty’.
Our Website and Social Media Channels:
Website | Twitter | Medium | YouTube | Github | Discord | Telegram
Our Credits :
Ethereum Fellowship Grant
Binance Incubation Camp S5
Chainlink BUILD Program
Consensus Startup Program
ETH Singapore Hackathon 1st Place Winner
For most AI or POS networks, they normally adopt native token staking and delegation on Validators and conclude the consensus based voting mechanism. There are three major challenges for these networks:
Consensus Security: The voting mechanism normally takes independent validation from validators, then broadcasts the validation results to the network publicly, and concludes the consensus based on these results. It works well in a decentralized network with a great number of independent nodes, like Ethereum. But in some networks with less nodes, we see a lot of cheating and manipulation in the voting process by coping and influencing results from other validators.
Data Security: AI networks are data intensive. In many use cases, miners and validators need to work on high-value data like personal data, sensor data, transaction data, etc., and also generate output prediction or analysis with a certain degree of sensitivity. These input and output data must be protected, especially in a decentralized network, in order to work with high value data in production. It is a well known concern for real adoption.
Crypto Economy Security: Many AI or POS networks depend on their own tokens to secure the consensus and slash if any validators violate their obligations. However, their own tokens may suffer volatility on the token price, which may cause security issues for the whole network. The novel restaking solutions like EigenLayer or Babylon offer restaking less volatitized tokens like ETH or BTC to secure the crypto economy of POS networks. However, AI networks demand more fexlibility on the choice of restaking tokens due to their unique product nature and the variety of risk appettes.
