Fhenix L2 Makes Celestia Its Data Availability Layer

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As a seasoned analyst with over two decades of experience in the blockchain industry, I find this collaboration between Fhenix and Celestia truly intriguing. The integration of Celestia as Fhenix’s data availability solution opens up a myriad of opportunities for privacy-centric dApps on Fhenix and confidentiality features for existing products.

FHE Layer-2, Fhenix, a leading encryption technology, recently revealed the incorporation of Celestia as their data storage solution. This union opens up fresh prospects for privacy-focused applications on Fhenix and adds confidentiality enhancements to current offerings.

Flagship FHE layer-2 Fhenix introduces Celestia (TIA) as data availability layer

Phoenix, the initial Layer 2 solution on Ethereum utilizing Fully Homomorphic Encryption (FHE) technology, recently established a strategic technical partnership with Celestia (TIA), an adaptable data availability (DA) network. This collaboration aims to simplify the process of constructing secure decentralized applications (dApps).

1/ For Fhenix to provide scalable confidential computing to all developers, we’ve opted for Celestia, a renowned pioneer in modular data accessibility within the FhenixIO network.

— Fhenix (@FhenixIO) September 12, 2024

In simpler terms, Celestia’s light and adaptable structure matches well with Phoenix’s Ethereum Virtual Machine (EVM)-aligned network, which effectively facilitates secure computations.

Consequently, encrypted data within the blockchain can be processed quickly and economically, enabling the development of swift and efficient decentralized applications (dApps) that provide complete end-to-end encryption.

As a researcher, I’m captivated by the capabilities of Celestia (TIA) as a data availability layer tailored for secure blockchain networks. The offerings of this platform have left me, as the CEO and co-founder of Fhenix, quite impressed.

Phoenix’s aim is to make Functional Homomorphic Encryption (FHE) accessible to everyone and we are consistently brainstorming creative methods to achieve this. A crucial aspect of our approach involves implementing a Data Availability (DA) solution to minimize the cost associated with FHE computations. The incorporation of Celestia into the Phoenix system offers a versatile, scalable environment ideal for developers creating applications with confidentiality features.

In simpler terms, Celestia’s network design ensures that transaction data can be easily downloaded by anyone. This network also provides high-speed data that can be verified even with a lightweight node, which will help projects developing on Fhenix to create applications that can scale effectively and execute smart contract logic using various on- and off-chain data sources.

fhEVM allows Solidity devs to build confidential dApps

Developers using Fhenix as their deployment platform can leverage the fhEVM to construct decentralized applications using Solidity. This is possible due to its capability to handle end-to-end encrypted smart contracts, broadening the scope of potential use cases, including DeFi, gaming, and confidential voting.

Incorporating Celestia into Fhenix will speed up the creation of new applications. Its Data Availability (DA) layer improves the toolset for Fhenix’s scalable L2, allowing projects to concentrate on essential skills to build blockchain solutions that introduce confidentiality to the Ethereum Virtual Machine (EVM) environment.

Previously reported by U.Today, Fhenix garnered attention in June after securing a $15 million investment from prominent Web3 venture capital firms, with the Hack team taking the lead.

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2024-09-13 17:09