Fhenix Partners with Celestia to Enhance Data Availability for Secure Applications

Layer 2 platform with Fully Homomorphic Encryption (FHE) Fhenix , announced that it has integrated Celestia Celestia serves as the data availability (DA) solution for Fhenix, enabling the platform to deliver decentralized, trustworthy data streams. This simplifies the development of privacy-centric on-chain applications for developers.

"Our mission at Fhenix is to make FHE accessible to everyone, and we are continuously exploring fresh methods to achieve that,\" stated Guy Itzhaki, Fhenix's CEO and Co-Founder, in an official statement. \"Integrating a robust DA solution is crucial for driving down the costs associated with FHE computation. By including Celestia in our ecosystem, we are creating a flexible and scalable environment for developers focused on privacy-enhanced applications,\" he elaborated.

Celestia Celestia's modular network provides accessible transaction data for download. Its capability of offering high-throughput data verifiable via a light node equips projects on Fhenix with the tools to build scalable applications that operate smart contract logic, drawing from a mix of both on-chain and off-chain data sources.

The architecture of Celestia aligns seamlessly with Fhenix’s network, which is designed for EVM compatibility and optimized for confidential computations. This harmonious design allows for speedy and cost-efficient processing of encrypted on-chain data, facilitating the development of dynamic decentralized applications (dApps) with comprehensive encryption.

Developers looking to launch applications on the Fhenix platform can utilize the fhEVM to create dApps using Solidity. By supporting encrypted smart contracts from end to end, Fhenix opens up diverse opportunities in sectors such as decentralized finance (DeFi), gaming, and secure voting.

The arrival of Celestia is expected to accelerate the rollout of innovative applications on the Fhenix platform. Its DA layer enhances the asset toolkit on Fhenix’s scalable Layer 2 framework, allowing projects to hone in on their primary competencies and craft blockchain solutions that inherently integrate confidentiality within the EVM environment.

Fhenix Secures $15M in Funding and Launches Helium Testnet

Fhenix offers confidential smart contracts leverages FHE, a cutting-edge cryptographic system that allows computations directly on encrypted data. Being EVM-compatible, it enables developers to write smart contracts in Solidity while selectively encrypting them with FHE.

Recently, Fhenix secured $15 million during a Series A funding round, spearheaded by Hack VC, with additional investments from Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. Furthermore, Fhenix has introduced its open Helium testnet, enabling developers to deploy 'confidential' smart contracts on their network.