Fhenix

Celestia

<a href="https://www.fhenix.io/" target="_blank" rel="noopener noreferrer nofollow">Fhenix</a>, a Fully Homomorphic Encryption (FHE) Layer 2&nbsp;has announced the integration of <a href="https://celestia.org/" target="_blank" rel="noopener noreferrer nofollow">Celestia</a> as its&nbsp;data availability solution. Through the provision of reliable&nbsp;and decentralized data streams, Fhenix will facilitate the development of robust onchain apps with integrated privacy features&nbsp;for developers.
Transaction data is accessible for download by anyone via Celestia’s modular data availability network. Projects built on Fhenix will find it simpler to develop scalable apps that carry out smart contract logic based on a variety of on- and off-chain data sources thanks to its high-throughput data that can be verified&nbsp;with a light node.
Fhenix CEO and Co-Founder Guy Itzhaki said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “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.”
</blockquote>
The EVM-compatible network architecture of Fhenix is enhanced by Celestia’s lightweight and modular design, which effectively facilitates confidential computing. This makes it possible to handle encrypted onchain data quickly and cheaply, which in turn enables the development of responsive dapps that provide complete end-to-end encryption.
The fhEVM allows developers to create decentralized Solidity apps that can be deployed on Fhenix. Owing to its ability to provide end-to-end encrypted smart contract support, Fhenix opens up a multitude of use cases, including DeFi, gaming, and confidential&nbsp;voting.
Celestia’s integration will hasten the development of innovative Fhenix apps. With the help of its DA layer, Fhenix’s scalable L2 platform offers better tools, allowing projects&nbsp;to concentrate on their core competencies and develop blockchain solutions that improve confidentiality in the EVM space.

Fhenix Integrates Celestia for Enhanced Data Availability and Confidentiality

TheNewsCrypto

Other articles published on Sep 12, 2024

The Dilemma of the Ethereum Ecosystem: Obsessed with Infrastructure, Lacking Large-Scale Applicat...

Standard Chartered Enters UAE Crypto Market with Custody Services for Bitcoin and Ethereum

TON, Intel Markets and ETH: The next cryptos to skyrocket

Binance Coin (BNB) Price Prediction for September 12

Alchemy Pay Supports BNB Ecosystem with New On & Off-Ramp Services

Ethereum Price Struggles After Metalpha’s $90M ETH Sale

Join our free newsletter for daily crypto updates!