What is Mind Network (FHE) and Why is it Important?

Bittime - Mind Network is one of the leading projects in the development of Fully Homomorphic Encryption (FHE) technology.

In recent weeks, network activity has increased as attention has surged towards data security and decentralized AI.

This article provides a comprehensive overview of what Mind Network is, how the technology works, and why FHE is key in the Web3 era and the AI-agent economy.

What's that Mind Network (FHE)?

Mind Network is a protocol that focuses on Zero Trust Internet Transfer Protocol or HTTPZ, a new standard that provides fully encrypted internet communications.

This protocol was designed as an enhancement to HTTPS with the aim of addressing traditional security weaknesses, especially in an ecosystem increasingly filled with AI interactions and digital assets.

Technically, Mind Network builds a network that leverages FHE to allow computations to take place on encrypted data without having to decrypt it first.

This approach positions Mind Network as an important foundation for multi-agent collaboration in Web3, especially in environments requiring high levels of privacy.

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FHE Technology and Its Central Role

Fully Homomorphic Encryption is a cryptographic scheme that allows calculations to be performed directly on encrypted data. This technology is considered a major breakthrough because it solves classic data security problems, especially when the data must be processed by a third party.

In cloud computing and decentralized networks, processing processes that typically require open data become a point of risk. FHE eliminates this risk by keeping data encrypted from start to finish.

Thus, user privacy is maintained without reducing functionality.

FHE technology is also built on lattice cryptography, a security standard recognized by NIST in 2024 as a quantum-resistant cryptographic system.

This means that Mind Network was designed from the outset for the era of quantum computers that could potentially threaten traditional security algorithms.

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FHE Function in the Mind Network Ecosystem

In the Mind Network ecosystem, FHE has three major roles.

First, FHE computation allows for fully encrypted computation processes.

Second, FHE validation provides the ability to verify calculation results without revealing the contents of the data being tested.

Third, FHE consensus allows a group of AI agents to reach agreement without leaking personal information or sensitive data.

The combination of these three components makes the Mind Network a suitable infrastructure for the AI-agent economy, namely autonomous AI systems that can transact, make decisions, and manage digital assets independently in the Web3 ecosystem.

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HTTPZ: The New Evolution of HTTPS

Mind Network introduced HTTPZ as a new internet standard based on zero-trust principles. Unlike HTTPS, which still requires a third party to verify requests, HTTPZ provides stronger end-to-end encryption.

The entire process of transfer, verification, and AI collaboration takes place under the protection of homomorphic encryption.

The CitizenZ community built by Mind Network also plays a role in promoting the concept of digital sovereignty, namely full user control over personal data in the HTTPZ era.

With this concept, privacy is no longer an additional feature, but rather the main foundation of digital activities.

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Team and Ecosystem Support

Mind Network is led by Christian Pusateri, CEO and co-founder. Its team consists of researchers, cryptographers, and AI engineers who drive cross-disciplinary technology development.

This project has also received investment support of 12.5 million dollars from various institutions.

Some of the major technology companies and protocols that have partnered with Mind Network include Chainlink, Google, ZAMA, MyShell, Manta, and restaking ecosystems like EigenLayer.

This partnership strengthens Mind Network's position as a critical component of privacy-based Web3 infrastructure.

FHE Token in the Mind Network Ecosystem

FHE tokens are used as utility assets within the network.

The total supply is 1 billion tokens, with approximately 350 million tokens already in circulation. The market capitalization is in the millions of dollars, and trading volume indicates increasing market activity.

FHE serves as a token for staking, governance participation, and as an incentive mechanism for agents and validators who contribute to maintaining network security.

This token is also used in several services such as MindChain and AgenticWorld.

FHE Token Latest Price & Statistics

• The current price of FHE is around US$ 0,017–0,018 per token.

• In Indonesia, depending on the exchange rate, this is equivalent to approximately Rp 280–Rp 300 per token.

• The current circulating supply is in the range≈ 350 million tokens.

• The maximum total supply (max supply) is 1 billion FHE.

• Individual market capitalization (market cap) — based on circulating supply — is in the range of US$6–7 million.

It's worth noting that with a maximum supply of 1 billion FHE, there is potential for dilution when unsold tokens are released into circulation — especially if the entire supply is released to the market.

FHE Tokenomics — How It's Distributed & Utility Works

The following is the tokenomics structure and role of FHE in the Mind Network ecosystem:

Initial Supply and Distribution

• At the initial launch, the total supply was set at 1 billion FHE

• At genesis, approximately 24.9%of the total supply starting to circulate

• The remainder will be locked and released gradually according to a vesting schedule — with allocations for the community, team, investors, liquidity acquisition, treasury, and incentive programs.
  
   

FHE Token Allocation & Vesting Scheme

This model demonstrates Mind Network's focus on long-term distribution and maintaining a balance between initial liquidity and community incentives. A vesting mechanism with a cliff (a waiting period before unlock) helps prevent sudden, massive token releases that could depress the price.

Fungsi & Utility FHE Token

According to official documentation, FHE is not just a speculative token — it has a vital role in the ecosystem: 

• FHE is utility and governance tokens: can be used to pay for service fees on the network, staking, and voting rights in protocol decisions.

• This token supports the ecosystemFully Homomorphic Encryption (FHE), enabling secure computing on encrypted data — a critical feature for privacy and security in Web3 and AI applications.

• Key to projects focused on data security, encryption, and privacy in blockchain interactions, smart contracts, data sharing, and AI collaboration.

Real and Future Uses of Mind Network

Mind Network has built several products such as FHE Bridge for inter-chain interoperability, MindChain as an AI-specific chain, as well as infrastructure for fully encrypted cross-chain transactions.

In the future, this network has the potential to become a hub for AI-agent economic activity that requires layered privacy and verification.

With the increasing reliance on AI and the growing importance of data security, projects like Mind Network are expected to play a major role in shaping new standards of digital security and interaction.

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FAQ

What is the main function of FHE technology in Mind Network?

FHE allows calculations to be performed on encrypted data without leaking the data contents.

What is HTTPZ?

HTTPZ is a zero-trust internet protocol that provides full encryption in every communication process.

What is the role of the FHE token?

FHE is used for staking, governance, and incentives for network users.

Does Mind Network support AI?

Yes, Mind Network is designed to support an autonomous and secure AI-agent economy.

Who is the founder of Mind Network?

Christian Pusateri is the CEO and co-founder of Mind Network.