What is Fhenix? L2 Application Rollup Fully Homomorphic Encryption (FHE)
Different from many other projects using ZKP technology to protect user privacy, Fhenix emerged with the application of FHE. So what is Fhenix? What is special about this project?
What is Fhenix?
Fhenix is a Layer 2 Rollup solution using FHE (Fully Homomorphic Encryption) technology, allowing developers to privately deploy smart contracts by integrating fhEVM technology.
Besides, Fhenix helps validators authenticate encrypted data without decoding, thereby protecting privacy and increasing the security of user information.
Highlights of Fhenix
With the goal of protecting user privacy and ensuring the safety of user data, Fhenix stands out with the following features:
- FHE technology: A technology that applies encryption techniques that allow validators to process data without decoding. This makes it easier to deploy private smart contracts, ensuring user transaction data is protected from unauthorized access.
- fhEVM integration: Enables the network to be compatible with EVM virtual machines, helping developers easily and seamlessly deploy decentralized applications (dApps) using the Solidly programming language and other popular programming tools.
What is Fhenix token?
Fhenix has not released information about the platform's tokenomics. Insights will update as soon as there is an announcement.
Roadmap
According to the project, the development roadmap in 2024 and 2025 is divided into the following stages:
- Q1/2024: Testnet
- Q3/2024: Interchain Support
- Q1/2025: Testnet Optimization
- Q2/2025: Mainnet
Project team
The Fhenix project development team includes members with experience in many fields, notably the following names:
Guy Zyskind: Founder of Fhenix and founder of SCRT Labs.
Guy Itzhaki: CEO of the project, previously held the position of director of Homomorphic Encryption and Blockchain at Intel Corporation.
Recently, Fhenix successfully raised 7.5 million USD in Seed round, led by Multicoin Capital and Collider Ventures.
Similar projects
Some similar projects to Fhenix include: Mina Protocol: Blockchain layer 1 uses zk-SNARKs to achieve scalability and security. StarkNet: Layer 2 solution on Ethereum applying ZK Rollup technology.
