FHE Bridge Guide
Last updated
Last updated
These guides walks you through how to use Mind Network's FHE Bridge, a FHE powered cross-chain solution integrated with Chainlink CCIP. This innovative approach addresses the pressing need for enhanced security and privacy in web3, creating a safer environment for users, institutions, and developers alike. This guide introduces the step by step tutorial of receiving funds and sending on-chain and cross-chain transactions via Stealth Address (SA).
FHE Bridge: FHEBridge.MindNetwork.xyz
The world of cryptocurrency and blockchain technology has seen incredible growth over the past decade. However, this rapid expansion has brought with it a host of challenges, particularly in the realm of cross-chain bridges. Traditional bridges often lack the robust security measures required to protect user data, making them vulnerable to malicious actors. As the digital ecosystem continues to evolve, the need for reliable cross-chain protection becomes increasingly evident.
From TradFi’s perspective, their clients want access to digital assets, but current security standards are not sufficient. Mind Network is helping to craft the next generation of security standards and practices for the internet and digital assets.
FHE Bridge unlocks a world of possibilities when it comes to cross-chain interoperability, offering enhanced security in a range of scenarios:
Bank Chain to Public Chain: Securely bridge traditional finance systems to public blockchains, fostering seamless transactions while safeguarding sensitive financial data.
CBDC Chain to Public Chain: Facilitate the integration of central bank digital currencies into the world of public blockchains, ensuring the privacy and security of digital assets.
Public Chain to Public Chain: Foster secure cross-chain interactions between different public blockchains, expanding the horizons of decentralized finance (DeFi) and enabling the free flow of digital assets.
The Stealth Address (SA) is a privacy-enhancing feature that allows users to receive funds anonymously. It works by creating a one-time, unique address for each transaction, known exclusively by the sender and the receiver.
The sender creates the stealth address at the initiation of the transaction, but only the receiver has control over it.
Using stealth address makes it difficult for outside parties to track the flow of funds and protecting the recipient's identity and transaction history.
Mind Network not only allows users to make on-chain and cross-chain transactions via stealth address. It also enables users to manage the funds received through a stealth address, including transferring (on-chain) and bridging (cross-chain) the funds to other addresses, or holding them securely.