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Mind Network and Chainlink have reached a strategic cooperation to launch the first institutional-grade fully homomorphic encryption (FHE) cross-chai

CointimeCointime2024/05/24 10:35
By:Cointime

Mind Network announces a strategic partnership with Chainlink Labs to launch the first institutional-grade FHE (Fully Homomorphic Encryption) cross-chain product based on the Cross-Chain Interoperability Protocol (CCIP), aimed at enhancing asset security and data privacy in cross-chain communication. The FHE Bridge has previously been launched on testnets for Ethereum, Arbitrum, and Polygon, processing over 3.2 million transactions for more than 650,000 active users. Mind Network's FHE Bridge combines the FHE Stealth Address Protocol (MindSAP) and FHE Verification, providing a complete cross-chain solution through CCIP that can withstand quantum computing, providing new cross-chain security standards for financial institutions and enterprises. This partnership will also establish a strategic alliance to jointly enhance the asset and data privacy security of Web3 and AI, promoting the technical application of FHE. Mind Network is the first FHE Restaking layer designed for AI and PoS networks, focusing on protecting on-chain data security. Chainlink is a decentralized oracle network that has launched the interoperability protocol CCIP.

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