• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Fhenix and Celestia Partnership for Enhanced Data Availability

user avatar

by Giorgi Kostiuk

2 years ago


  1. Integration of Celestia with Fhenix
  2. Benefits for Developers
  3. Statement from Fhenix CEO

  4. Fhenix has announced the integration of Celestia as its data availability solution, enabling developers to create more robust and privacy-focused onchain applications.

    Integration of Celestia with Fhenix

    Fhenix, a platform leveraging homomorphic encryption, has announced the incorporation of Celestia to enhance its data availability solutions. This integration will allow Fhenix to provide reliable and decentralized data streams, simplifying the development of scalable applications with integrated privacy features.

    Benefits for Developers

    Transaction data is accessible for download by anyone via Celestia's modular data availability network. This will make it easier for developers to create scalable apps that execute smart contract logic based on a variety of on- and off-chain data sources. The EVM-compatible architecture of Fhenix combined with Celestia’s modular design facilitates handling encrypted onchain data quickly and cost-effectively, thereby accelerating the creation of dapps with end-to-end encryption. The fhEVM allows developers to create decentralized Solidity apps that can be deployed on Fhenix, expanding use cases such as DeFi, gaming, and confidential voting.

    Statement from Fhenix CEO

    Fhenix CEO and Co-Founder Guy Itzhaki highlighted the importance of integrating Celestia into the company’s development strategy. '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 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 integration will expedite the development of innovative Fhenix apps, offering improved tools for projects and allowing them to focus on their core competencies while enhancing confidentiality within the EVM space.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Wall Street Analysts Boost AMD Stock Price Targets Amid AI Innovations

chest

Wall Street analysts are optimistic about AMD's stock price, raising targets due to new AI chips expected to outperform Nvidia.

user avatarAndrew Smith

Aave Proposes Crosschain Expansion for sGHO

chest

Aave governance is reviewing a proposal to extend sGHO to crosschain capabilities using Chainlink CCIP.

user avatarJacob Williams

Solana Transforms into a Leading Trading Venue

chest

Solana has transformed from a competitor to Ethereum into a leading venue for fast and low-cost trading.

user avatarSon Min-ho

Ripple Recognized in CNBC and Statista's Top Fintech Companies List for Fourth Year

chest

Ripple has been included in CNBC and Statista's list of the world's top fintech companies for the fourth consecutive year, highlighting its role in digital asset infrastructure.

user avatarZainab Kamara

Solana's DEX Volume Hits $17 Billion, Signaling Increased Trading Activity

chest

Solana's DEX volume has surged to approximately $17 billion daily, indicating its growing role in crypto trading.

user avatarAyman Ben Youssef

Franklin Templeton's Asset Shift to BNB Chain Signals New Era in RWA Settlement

chest

Franklin Templeton's Benji platform has shifted its focus to BNB Chain, highlighting the importance of low-cost, high-throughput networks in real-world asset settlement.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.