Mind Network Strategic Alliance with Babylon

Published on: 22.05.2024

Mind Network Strategic Alliance with Babylon, Mind Network will leverage Bitcoin LRTs (Liquid Restaking Tokens), issued to represent native bitcoins staked through Babylon, to secure Mind Network’s subnets via FHE validation.

This integration further solidifies Mind Network’s leadership in Fully Homomorphic Encryption (FHE) by incorporating Babylon’s advanced restaking solution. Mind Network’s FHE validation service plays a pivotal role in enabling a method called ‘remote staking.’ This method allows Bitcoin and its LRT holders to engage in Proof of Stake (PoS) validation processes securely and transparently, without sacrificing control of their private keys. This approach not only enhances security but also ensures a seamless and trustworthy validation experience for participants. As Mind Network Strategic Alliance with Babylon.

Mind Network developed FHE validation to enforce validators to make independent validation, remove “clues” and disable “follow & copy”. A typical problem of validation without FHE is to be “influenced” by other nodes’ validation result, or leak secrets during validation. Mind Network’s FHE can stop this problem, and is favoured particularly by AI projects, DePin projects and Web3 infras. For example, Mind Network’s FHE can enable trusted AI model selection, protect sensitive data leakage in DePin, or prevent front-run of cross-chain trades.

 

About Mind Network

Mind Network is the first FHE Restaking Layer for PoS and AI Networks. Their framework operates as an FHE validation network, bringing secure computation and consensus to Decentralized AI, DePIN, EigenLayer AVS, Bittensor Subnet, and many critical PoS networks.

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About Babylon Chain

Babylon is an innovative trustless BTC staking protocol that extends bitcoin’s security to all participating Proof-of-Stake systems.

Website | X

 

SOURCE: MEDIUM
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