[September 12th, 2024] - Fhenix has integrated Celestia’s modular data availability (DA) network and TIA token into its Fully Homomorphic Encryption (FHE) Layer 2 solution. This partnership enhances the scalability and confidentiality of decentralized applications (dApps) on Fhenix, enabling developers to securely handle encrypted data while benefiting from Celestia’s efficient data infrastructure. This collaboration marks a crucial step forward for Fhenix as it builds privacy-first applications for a variety of use cases, including DeFi, gaming, and confidential voting.
Fhenix adopts Celestia’s modular data availability for improved confidentiality
Fhenix is a Layer 2 solution enabling Fully Homomorphic Encryption (FHE) on Ethereum and they have announced a strategic partnership with Celestia to improve its modular data availability (DA) solution and the TIA token into its ecosystem. Celestia’s modular approach to data availability offers a decentralized solution that makes transactional data accessible while preserving user privacy. This integration will significantly benefit Fhenix by streamlining the development of scalable, confidentiality-focused decentralized applications (dApps).
Celestia’s TIA token plays a central role in incentivizing participants who verify and provide access to data streams across the Celestia network. This integration benefits Fhenix by allowing developers to build privacy-focused decentralized applications (dApps) while ensuring that transaction data remains available for verification by lightweight nodes, which help maintain network efficiency.
With this move, Fhenix strengthens its ability to support encrypted smart contracts that maintain privacy from end to end. Developers leveraging Fhenix's FHE Layer 2 can now utilize Celestia’s modular DA network to execute smart contracts with an added layer of data security. This ensures that sensitive data, such as financial information or private voting records, can be processed securely and efficiently across various use cases.
“Fhenix's goal is to bring FHE to the masses and we are constantly working on innovative ways to do so. A key component of our strategy is to integrate a DA (data availability) solution that will enable us to reduce the cost of FHE computation. The addition of Celestia to the Fhenix stack means a flexible, scalable platform for confidentiality-enabled application developers.” —Fenix CEO and Co-Founder Guy Itzhaki
The integration of Celestia comes on the heels of Fhenix's recent $15M Series A funding round and launch of a confidentiality-focused Ethereum Layer 2 testnet. This development enables Fhenix to deliver low-cost, high-performance privacy solutions while using decentralized data streams that developers can easily verify with lightweight nodes.
The bottom line
This partnership is pivotal for Fhenix's long-term vision to expand privacy-preserving applications across the Ethereum ecosystem. By combining FHE with Celestia’s scalable DA layer, Fhenix empowers developers to build confidential smart contracts with improved scalability and security. For the broader Ethereum community, this collaboration offers a significant step forward in building privacy-respecting dApps that balance decentralization with high-throughput data availability.
Fhenix Introduces Grant and Bounty Programs
Contact Info:
Makena Walsh, Content Manager
mak@fhenix.io
