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Cipher is a layer-three blockchain protocol built on Ethereum that focuses on enabling decentralized AI applications with a focus on fully homomorphic encryption for secure computation on encrypted data. The incentivized testnet is currently ongoing, allowing only a limited number of users to participate. The parent company, 01 Labs, is exploring AI innovations and partnerships, with a potential token airdrop in Q1 of 2024. Users can earn points through various activities, such as deploying tokens and transferring values within the testnet, all aimed at accumulating rewards as the project progresses.
Cipher focuses on decentralized AI applications utilizing fully homomorphic encryption.
The incentivized testnet is live, currently in Epoch 2 with low user numbers.
01 Labs, the parent company, is enhancing AI innovation through ecosystem partnerships.
The implementation of homomorphic encryption within Cipher's architecture raises significant questions regarding data privacy and compliance with global regulations such as GDPR. Ensuring that secure computations can be executed without breaching user confidentiality will be crucial for gaining regulatory approval and fostering user trust in AI applications.
Cipher's entrance into the decentralized AI space aligns with current market trends focused on secure AI deployment. With the growing demand for privacy-preserving technologies, their testnet strategy and low user participation could provide early adopters a significant advantage, potentially driving token value in future market dynamics.
Cipher utilizes this to maintain security during data processing.
The current testnet for Cipher is incentivized for user engagement.
Cipher enables these applications securely through its unique protocol.
It plays a crucial role in launching Cipher and its accompanying testnet.
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It directly relates to the current airdrop and testnet projects.
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