Mind Network & Allora: Revolutionizing Secure Predictions and Smart Staking
Allora Network is collaborating with Mind Network to leverage Fully Homomorphic Encryption (FHE). This allows Allora to encrypt the predictions from expert models while aggregating them without decryption, enhancing Allora’s consensus security. Conversely, thanks to the models provided by Allora Network, Mind Network’s restaking marketplace will adopt new services focused on Smart Staking.
Mind Network boasts a track record of over 650,000 active users and more than 3.2 million transactions on its testnet. Additionally, the network has been awarded an Ethereum Foundation Grant for its research on practical implementations for FHE technology on Ethereum (research paper). Ethereum, underscoring its commitment to innovation in the ecosystem. Integration with Allora further enhances Mind Network’s offerings, equipping developers and users with tools to create advanced AI projects that were previously out of reach.
“Teaming up with Allora unlocks a whole new level of innovation in AI, giving users more powerful and secure ways to stake their assets. This should be a game changer and will help pave the way for exponential growth of smart staking” — Christian Pusateri, Co-founder of Mind Network.
Advancing AI Development Through Self-Improvement
Workers on Allora make contributions to the network by offering their own inferences and by estimating the precision of inferences made by other participants within their particular topic or sub-network. One of the main components that allows the network to self-improve is this dual-layer contribution.
Mind Network will improve its service offerings by incorporating Allora’s self-improving mechanism, giving users more effective and secure ways to stake their assets.
“Our collaboration with Mind Network highlights the potential of merging decentralized infrastructure with self-improving intelligence,” says Nick Emmons, Allora Labs’ co-founder. “This integration enhances Allora Network’s security while allowing Mind Network to offer continuously improving services.”
How Mind Network Protects Privacy and Security
By operating as an FHE validation network, Mind Network enables secure computation and consensus without ever decrypting the predictions, preventing unauthorized access and maintaining the integrity of the data throughout the whole process, including during aggregation.
Mind Network’s approach not only safeguards sensitive information but also reinforces the security of Allora’s consensus mechanisms, ensuring fairness and reliability. Through this integration, Mind Network provides a robust framework that promotes privacy-preserving AI development, allowing developers to build advanced models securely.
This strong degree of encryption, in turn, boosts user trust and confidence in the network, supporting the development of trustworthy and reliable AI models.
This collaboration between Mind Network and Allora signifies a significant step forward in securing and democratizing AI development. This integration unlocks a future where developers can build sophisticated AI applications with confidence, and users can leverage the power of AI while safeguarding their privacy.
About Allora Network
Allora is a self-improving decentralized AI network.
Allora provides smarter, safer AI through a self-improving network of machine learning models. By combining innovations in crowdsourced intelligence, federated learning, and zkML, Allora unlocks a vast new design space of applications at the intersection of crypto and AI.
To learn more about Allora, visit their website, follow on X, read the Medium, or join the Discord.
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 Bitcoin restaking, Decentralized AI, Bridges, EigenLayer AVS, Bittensor Subnet, and many critical PoS networks. Mind Network’s solution enables verifiable decentralized computation over encrypted data. It has achieved 650k+ active users and 3.2M+ transactions processed on its testnet.
Mind Network is backed by Binance Labs, Hashkey, Big Brain, Chainlink, and received an Ethereum Foundation Grant for their FHE research on Ethereum.
For more insights and updates on Mind Network’s innovations, visit their website and socials:
Website | Twitter | Medium | YouTube | Github | Gitbook
Discord | Telegram
