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UK startup Optalysys launches blockchain-specific servers
BlockBeats News, on June 16, according to CoinDesk, Optalysys, a UK-based startup focused on secure computing, announced the launch of what is said to be the world's first server designed specifically for blockchain, capable of large-scale data processing without the need for decryption. The company's LightLocker node is a server with fully homomorphic encryption (FHE) technology. This is a mathematical method that allows computations to be made directly on encrypted data without breaking the encryption itself. Over the past year, several companies have raised capital in the cryptocurrency space and explored the application of fully homomorphic encryption (FHE). Optalysys says its server hardware is purpose-built for blockchain encryption, offering a more cost-effective alternative to expensive and inefficient GPU systems, with a 40% reduction in energy consumption. Headquartered in Leeds, England, Optalysys was founded in 2013 by CEO Nick New and CTO Robert Todd. The company closed a £21 million (about $28 million) Series A funding round in July 2023.