rivasea Secures $15M in Series A Funding: A Comprehensive Guide to Setting Up Your Privanetix Node

Privasea, a pioneering platform at the forefront of AI and data privacy, has successfully raised $15 million in its Series A funding round, backed by prominent investors including GSR, Amber, and Echo, as well as previous supporters like Binance Labs, OKX Ventures, Gate Labs, and Laser Digital. This significant investment aims to accelerate the deployment of Privasea’s DeepSea AI Network, which integrates Fully Homomorphic Encryption (FHE) with machine learning to enable secure AI computations on encrypted data.

In this guide, we’ll provide a detailed, step-by-step walkthrough on setting up your own Privanetix Node, allowing you to contribute to this innovative ecosystem and potentially earn rewards.

What is Privasea?

Privasea is leading the integration of Fully Homomorphic Encryption (FHE) with artificial intelligence to ensure secure and private data processing within distributed computing networks. With substantial backing from industry leaders, Privasea is redefining data security in the digital era.

Why Set Up a Privanetix Node?

Operating a Privanetix Node enables you to actively participate in the network, supporting secure AI computations while earning rewards. Here’s how you can get started:

Step-by-Step Guide to Setting Up Your Privanetix Node

Prerequisites:

• Operating System: Ubuntu (Debian-based distributions are recommended).
• Processor: 6-core CPU with x86 architecture.
• Memory: Minimum of 8GB RAM.
• Storage: At least 100GB of available storage.

Note: The Privanetix Node does not support ARM architecture CPUs.

1. System Preparation:

• Update Package Lists:
  bashsudo apt update -y
• Install Docker:
  bashsudo apt install docker.io -y

• Start Docker Service:
  bashsudo systemctl start docker
sudo systemctl enable docker


2. Pull the Privanetix Node Docker Image:

• Create a Directory for Privasea:
  bashmkdir -p ~/privasea/config
cd ~/privasea

• Pull the Docker Image:
  bashsudo docker pull privasea/acceleration-node-beta:latest


3. Generate a Wallet Keystore File:

• Install Ethereum Tools:
  bashsudo apt install ethereum -y

• Generate the Keystore:
  bashgeth account new --keystore ~/privasea/config


  Note: Securely store the password used during this process.

4. Retrieve Your Node Address:

• Locate the Keystore File:
  bashls ~/privasea/config

• Extract the Node Address:
  bashcat ~/privasea/config/<keystore-file-name>


  The address will be displayed within the file’s content.

5. Configure Your Node:

• Access the Privanetix Dashboard:

  Navigate to https://deepsea-beta.privasea.ai/privanetixNode.

• Connect Your Wallet:

  Use a compatible wallet (e.g., OKX Wallet) to connect.

• Set Up Your Node:
  • Node Name: Choose a unique identifier.
  • Commission Rate: Set between 1% to 3%.
  • Node Address: Enter the address obtained earlier.
• Agree to Terms and Set Up:

  Confirm the terms and click “Set Up Node.”

6. Start the Privanetix Node:

• Run the Node:
  bashKEYSTORE_PASSWORD=<Your_Keystore_Password> && sudo docker run -d --name privanetix-node -v "$HOME/privasea/config:/app/config" -e KEYSTORE_PASSWORD=$KEYSTORE_PASSWORD privasea/acceleration-node-beta:latest


7. Verify Node Operation:

• Check Logs:
  bashsudo docker logs privanetix-node


  Ensure there are no error messages.

• Dashboard Confirmation:

  On the Privanetix Dashboard, verify that your node is active and operational.

Benefits of Running a Privanetix Node

• Earn Passive Rewards: By contributing computational power, you can earn rewards based on your node’s performance and the commission rate you’ve set.
• Support Secure AI Computing: Play a crucial role in enhancing data privacy through advanced encryption techniques.
• Join a Revolutionary Ecosystem: With substantial backing, Privasea is poised for significant growth, offering early adopters a strategic advantage.

By setting up a Privanetix Node, you’re not only positioning yourself for potential rewards but also contributing to the future of decentralized, secure AI computing. Stay tuned for more updates on Privasea’s developments and opportunities to engage with this groundbreaking platform.

For a visual walkthrough, you can refer to the following tutorial: