Tel Aviv, Israel, September 12th, 2024, Chainwire
Fully Homomorphic Encryption (FHE) Layer 2 Fhenix has announced that it has integrated Celestia as its data availability solution. By providing access to reliable and decentralised data streams, Fhenix will make it easier for developers to create powerful onchain applications with privacy features built in.
Celestia’s modular data availability network makes transaction data available for anyone to download. Its provision of high-throughput data that can be verified with a light node will make it easier for projects building on Fhenix to create scalable applications that execute smart contract logic based on an array of on- and off-chain data sources.
Fhenix CEO and Co-Founder Guy Itzhaki said: “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.”
Celestia’s lightweight and modular design complements the architecture of Fhenix’s EVM-compatible network that efficiently supports confidential computation. As a result, encrypted onchain data can be processed rapidly and at low cost, allowing for the creation of responsive dapps that offer full end-to-end encryption.
Developers who deploy applications on Fhenix can utilize the fhEVM to create decentralized applications built with Solidity. Because it supports end-to-end encrypted smart contracts, Fhenix unlocks a wide range of use cases, from DeFi, to gaming, to confidential voting.
The integration of Celestia will accelerate the development of novel applications on Fhenix. Its DA layer enhances the tooling available on Fhenix’s scalable L2, freeing projects to focus on core strengths to create blockchain solutions that bring confidentiality to the EVM landscape.
About Fhenix
Fhenix is the first Ethereum Layer 2 to enable confidential smart contracts using Fully Homomorphic Encryption (FHE), a novel cryptographic scheme that enables computation of encrypted data. Fhenix is EVM-equivalent, enabling developers to write their smart contracts in Solidity using the developer tools they’re familiar with and selectively encrypt them using FHE.
Fhenix's goal is to advance Ethereum application development by bringing confidentiality to smart contracts, transactions, and onchain assets for the first time. To learn more, please visit https://www.fhenix.io/
About Celestia
Celestia is a modular data availability (DA) network that securely scales with the number of users, making it easy for anyone to launch their own blockchain. Rollups and L2s use Celestia as a network for publishing and making transaction data available for anyone to download. By making the blockchain stack modular, Celestia enables anyone to launch their own blockchain without needing a validator set.
Learn more: https://celestia.org/
Disclaimer. This is a paid press release.
