Optalysys Unveils Groundbreaking Blockchain Server
In a groundbreaking announcement on June 16, the UK-based company Optalysys unveiled what it describes as the first-ever server specifically designed for blockchain applications that enables extensive data processing without the need for decryption. Located in Leeds, Optalysys was established in 2013 under the leadership of CEO Nick New and CTO Robert Todd.
Introducing the LightLocker Node
This innovative system, called the LightLocker node, leverages Fully Homomorphic Encryption (FHE) technology—a sophisticated mathematical technique that allows computations to be conducted on encrypted data securely. This significant advancement comes amid a growing trend, as numerous cryptocurrency firms have sought funding and examined the benefits of FHE in recent times.
Key Features of the LightLocker Node
What sets Optalysys’s new server apart is its tailored architecture which aims to provide a more economical and efficient alternative to traditional GPU systems widely used in the sector. Remarkably, the LightLocker node can reduce energy consumption by up to 40%, amplifying its cost-effectiveness for blockchain encryption.
Funding and Future Outlook
In a recent Series A funding round completed in July 2023, Optalysys secured an impressive £21 million (around $28 million), indicating strong investor confidence in its vision and technology.
