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Home»Blockchain»Fhenix partners with Celestia to revolutionize data availability for privacy-preserving apps
Blockchain

Fhenix partners with Celestia to revolutionize data availability for privacy-preserving apps

2024-09-13No Comments2 Mins Read
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Fhenix, a pioneer in Fully Homomorphic Encryption (FHE) Layer 2 solutions, has announced a major partnership with Celestia, integrating its modular data availability network into the Fhenix ecosystem. This move positions Fhenix at the forefront of privacy-preserving technology by leveraging Celestia’s robust data infrastructure.

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Celestia’s modular design provides a high-throughput network that makes transaction data accessible to anyone for download. This feature allows Fhenix to support scalable, privacy-oriented applications with improved efficiency. By delivering reliable data streams, Celestia ensures Fhenix developers can build applications that leverage a wide range of on- and off-chain data sources, while maintaining the highest privacy standards.

Guy Itzhaki, CEO and co-founder of Fhenix, stated:
“Our vision at Fhenix is ​​to make FHE technology widely accessible, and integrating Celestia’s data availability solution is a critical step in achieving this. Their network not only reduces the cost of FHE calculations, but also improves the scalability and flexibility of our platform, allowing developers to create advanced, privacy-focused applications.”

Guy Itzhaki, CEO and co-founder of Fhenix
Celestia’s modular, lightweight architecture complements Fhenix’s EVM-compatible network, designed for efficient, confidential computation. This integration facilitates the rapid processing of encrypted data on-chain at a lower cost, enabling the development of dynamic dapps that provide comprehensive end-to-end encryption.

Fhenix developers can now use the fhEVM to create decentralized applications in Solidity, taking advantage of fully encrypted smart contracts. This integration supports a wide range of use cases, from decentralized finance (DeFi) and gaming to confidential voting. The Celestia partnership accelerates the development of innovative applications on Fhenix, allowing projects to focus on their core functionalities while Celestia handles data availability.

See also  Shiba Inu Under Bearish Pressure at Key Levels Due to Negative Data: Here's the Next Level for SHIB Price

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About Fenix

Fhenix is ​​a pioneer of Ethereum Layer 2 solutions with Fully Homomorphic Encryption (FHE), enabling confidential smart contracts and transactions. As an EVM equivalent platform, Fhenix offers developers the ability to use Solidity tools and selectively encrypt their smart contracts. Fhenix aims to advance Ethereum application development by providing an unprecedented level of confidentiality to smart contracts, transactions and on-chain assets.

About Celestia

Celestia is a modular data availability network that scales efficiently with user demand, simplifying the launch of new blockchains. It provides a decentralized infrastructure for rollups and Layer 2 solutions and offers scalable and accessible blockchain technology. By modularizing the blockchain stack, Celestia enables simple blockchain implementation without the need for a validator set.

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apps Availability Celestia Data Fhenix Partners PrivacyPreserving revolutionize
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