Odaily Planet Daily News: Privacy infrastructure provider Fairblock has completed a $2.5 million pre-seed round of financing, led by Galileo, with participation from Lemniscap, Dilectic, Robot Ventures, GSR, Chorus One, Dorahacks and Reverie. Fairblock aims to make conditional decryption and pre-execution privacy a reality. Conditional decryption refers to allowing users to set conditions that enable the protocol to execute transactions without leaking any on-chain information before execution. Unlike zero-knowledge (ZK) technology, Fairblock is designed so that information is encrypted or decrypted only under specific conditions. Fairblock co-founder Peyman Momeni said that applications such as sealed bid auctions, randomness generation, private governance, and encrypted limit orders can all be built on top of its infrastructure using cryptographic libraries. Momeni said that Fairblock was built using the Cosmos SDK, but is not limited to the Cosmos ecosystem. The blockchain was recently upgraded to its second private testnet, and the public testnet is coming soon. (Blockworks)