木匠Labs
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Recently, Zama's surge led me to seriously study the $FHE (Fully Homomorphic Encryption) track.
I found that this is not just an ordinary privacy narrative, but an upgrade of the computational paradigm.
In the past, privacy solutions on the chain were merely three types:
Mixing / Stealth addresses (high compliance pressure)
ZK (can prove, but cannot calculate directly in encrypted state)
Off-chain computation, on-chain accounting (high trust costs)
FHE is different.
It allows "data to always be encrypted, but can be computed directly," without decryption, exposure, and the results can still be verified.
This is also why FHE is referred to as the ceiling of cryptography, which is a necessity in real application scenarios like AI Agents.
Zama's explosive growth essentially signifies that the market has begun to realize:
FHE has transitioned from "theoretically feasible" to "engineerably usable."
But the real explosion of FHE won't just rely on underlying technology; it will also depend on who can effectively utilize it.
In the same track, I've also noted that $FHE has a very clear positioning:
It is not competing on underlying performance but is contemplating—
What real-world problems can FHE solve?
One crucial yet easily overlooked point is:
Zama itself is an investor in Mind Network.
This indicates that they are not in a competitive relationship but are in a collaborative synergy of infrastructure + application.
To put it metaphorically:
Zama is more like Intel — solving the most fundamental encryption computation issues
Mind Network is more like AWS / Apple — turning FHE into a truly usable product.
Recently, Mind's $FHE has performed well, but what I value more is:
It is one of the earlier teams in the FHE field to seriously design "application + token economy,"
rather than merely staying in pure technical narratives.
In the FHE track, what determines success or failure won't be a single K line,
but who can first respond when real demand arises.
Personally, I am optimistic about the overall direction of FHE,
and I will continue to track Mind Network's on-chain data and ecological progress.
#FHE
{future}(FHEUSDT)
I found that this is not just an ordinary privacy narrative, but an upgrade of the computational paradigm.
In the past, privacy solutions on the chain were merely three types:
Mixing / Stealth addresses (high compliance pressure)
ZK (can prove, but cannot calculate directly in encrypted state)
Off-chain computation, on-chain accounting (high trust costs)
FHE is different.
It allows "data to always be encrypted, but can be computed directly," without decryption, exposure, and the results can still be verified.
This is also why FHE is referred to as the ceiling of cryptography, which is a necessity in real application scenarios like AI Agents.
Zama's explosive growth essentially signifies that the market has begun to realize:
FHE has transitioned from "theoretically feasible" to "engineerably usable."
But the real explosion of FHE won't just rely on underlying technology; it will also depend on who can effectively utilize it.
In the same track, I've also noted that $FHE has a very clear positioning:
It is not competing on underlying performance but is contemplating—
What real-world problems can FHE solve?
One crucial yet easily overlooked point is:
Zama itself is an investor in Mind Network.
This indicates that they are not in a competitive relationship but are in a collaborative synergy of infrastructure + application.
To put it metaphorically:
Zama is more like Intel — solving the most fundamental encryption computation issues
Mind Network is more like AWS / Apple — turning FHE into a truly usable product.
Recently, Mind's $FHE has performed well, but what I value more is:
It is one of the earlier teams in the FHE field to seriously design "application + token economy,"
rather than merely staying in pure technical narratives.
In the FHE track, what determines success or failure won't be a single K line,
but who can first respond when real demand arises.
Personally, I am optimistic about the overall direction of FHE,
and I will continue to track Mind Network's on-chain data and ecological progress.
#FHE
{future}(FHEUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
