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[6:00 PM · Sep 20, 2024] – Octra, a pioneering blockchain network focused on Fully Homomorphic Encryption (FHE), has successfully secured $4 million in pre-seed funding. The round was led by Finality Capital Partners, with significant participation from prominent investors such as Big Brain Holdings, Karatage, Presto Labs, and Builder Capital. This substantial investment underscores the growing recognition of Octra's potential to transform data privacy and security in the digital age.
Octra is building a robust blockchain network designed to empower developers with cutting-edge cryptographic tools for secure computation. By leveraging FHE, Octra enables mathematical operations on encrypted data without ever needing to decrypt it, unlocking unprecedented levels of data security and privacy. This breakthrough technology has the potential to revolutionize industries handling sensitive information, including healthcare, finance, and data analytics.
Key features of the Octra blockchain network include:
- Fully Homomorphic Encryption (FHE): Guarantees unparalleled data privacy by enabling computation on encrypted data without decryption.
- Isolated Execution Environments: Provides a secure and tamper-proof environment for executing sensitive computations.
- Smart Contract Support: Supports smart contract development in OCaml, AST, ReasonML, and C++, offering developers flexibility and familiarity.
- Hypergraph Integration: Employs an innovative hypergraph data structure for efficient and scalable FHE operations.
- Open-Source Libraries: Provides open-source libraries like Hypergraph to foster broader adoption and collaboration.
To demonstrate the power and efficiency of its hypergraph-based FHE implementation, Octra is also releasing a public WebAssembly (WASM) sandbox. This sandbox will allow developers to experiment with FHE applications and experience firsthand the capabilities of the Octra network.
The Octra WASM sandbox is available at: https://sandbox.octra.org/
About Octra:
Octra is a blockchain network dedicated to empowering developers with the tools and infrastructure to build privacy-preserving applications. By harnessing the power of Fully Homomorphic Encryption, Octra aims to revolutionize data security and unlock new possibilities for secure computation across various industries.
Compiled by CMO Intern team
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