• 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

a year 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

Institutional Adoption Could Propel XRP Price to $8

chest

Institutional adoption is seen as a key factor that could drive XRP's price to $8, especially after the SEC lawsuit settlement.

user avatarAisha Farooq

Settlement of SEC vs Ripple Lawsuit Boosts XRP Investor Sentiment

chest

The settlement of the SEC lawsuit against Ripple in 2025 has led to increased investor confidence and a rise in XRP's price.

user avatarTenzin Dorje

Trump Media Technology Group Reports Significant Financial Losses

chest

Trump Media Technology Group reports a net loss of over $700 million due to volatility in digital assets.

user avatarBayarjavkhlan Ganbaatar

Trump Media Technology Group Plans Potential Spinoff of Truth Social

chest

Trump Media Technology Group is considering spinning off its social media platform, Truth Social, into a separate publicly traded company due to significant financial losses.

user avatarMohamed Farouk

Ethereum Spot ETFs Break Negative Streak with Positive Inflows

chest

Ethereum Spot ETFs have recorded their first positive inflows in six weeks, totaling 804.6 million, ending a five-week negative streak.

user avatarElias Mukuru

Bitcoin Shows Signs of Short-Term Rebound Amid Ongoing Market Analysis

chest

Bitcoin shows signs of short-term rebound with increased buying momentum and liquid supply on Binance.

user avatarDiego Alvarez

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.