Sora Ventures has joined a consortium of investors in a $7 million funding round for Fhenix. This significant investment supports the development of the Fhenix Network, poised to be the first confidential blockchain platform leveraging fully homomorphic encryption (FHE) within the Ethereum ecosystem. Jason Fang, the Founder of Sora Ventures, expressed his enthusiasm for the The post Sora Ventures invests in Fhenix, fuels first confidential blockchain using homomorphic encryption appeared first on CryptoSlate.

In a recent blog post, Ethereum co-founder Vitalik Buterin revisited the concept of Plasma, a once-prominent scaling solution, underscoring its potential resurgence in the blockchain ecosystem with new technological advancements. As Vitalik Buterin explains, Plasma, a blockchain scaling framework first introduced in 2017, is poised for a comeback. Initially overshadowed by rollup technology due to The post Vitalik Buterin signals potential Plasma scaling resurgence with tech enhancements appeared first on CryptoSlate.

Comstock subsidiary Quantum Generative Materials (GenMat) has announced the recent launch of GENMAT-1, marking a significant milestone in exploring untapped natural resources. The Hyperspectral Remote Sensing Imaging (HRSI) system represents a groundbreaking fusion of artificial intelligence (AI) and advanced space technology, paving the way for a new era in resource discovery and analysis. GENMAT-1 exemplifies The post AI in space – how Artificial Intelligence is now helping us find untapped natural resources from outer space appeared first on CryptoSlate.

The Polygon network’s digital identity protocol, Polygon ID Release 5, has officially launched, marking a pivotal advancement in the decentralized identity ecosystem. This latest release introduces features to amplify the quantity and diversity of credentials available, underscoring Polygon’s commitment to fostering a robust decentralized identity landscape. Polygon ID is a set of developer tools that The post MATIC outperforms market as Polygon ID release 5 enhances security and expands ecosystem capabilities appeared first on CryptoSlate.

In the latest chapter of the ongoing legal saga between the U.S. Securities and Exchange Commission (SEC) and Binance, a new joint motion for a protective order emerges, spotlighting the deepening complexities of this landmark case. This development follows the U.S. Chamber of Digital Commerce’s October motion to dismiss the SEC’s case, likening it to The post Binance and SEC negotiate confidentiality in landmark legal battle appeared first on CryptoSlate.