Optalysys, a UK-based startup targeted on safe computing, has launched what it claims to be the world's first server for blockchains that may be processed at scale with out decrypting it.
The corporate's LightLocker nodes are servers that use fully homogeneous encryption (FHE) and are mathematical methods that permit calculations to be carried out on encrypted information with out compromising encryption.
Final yr, a number of corporations raised funds and explored FHE's functions inside the cryptocurrency area. In keeping with Optalysys, server {hardware} is devoted for blockchain encryption, utilizing 40% much less power, offering an affordable different to pricey and inefficient GPU-based techniques.
Primarily based in Leeds, UK, Optalysys was based in 2013 by Dr. Nick New and Robert Todd (CTO). The corporate raised a £21 million ($28 million) Sequence A in July 2023.
“Infrastructure supporting delicate computing is important to adopting blockchain expertise at scale,” the CEO mentioned in a press release.
“Conventional {hardware} options for encrypted blockchains are costly and inefficient. Normal chips will not be designed for particular necessities for encrypted transaction processing,” New added.
