What is Fhenix? Fhenix is a Blockchain platform aimed at protecting privacy and information for users as they move from Web2 to Web3. So, what is interesting about Fhenix? Let’s find out together in the article below.
To understand more about Fhenix, people can refer to some of the articles below:
- What is Blockchain Layer 1? The Importance of Layer 1 in the Crypto Market
Fhenix Overview
What is Fhenix?
Fhenix is a Blockchain platform that enables the deployment of Confidential Smartcontracts (Private Smart Contracts). Fhenix believes that one of the biggest challenges in the Crypto market is privacy for users when they move from Web2 to Web3 based on Fully Homomorphic Encryption (FHE) technology.
Fully Homomorphic Encryption (FHE) is a series of new technologies that allows data to be processed without decoding, which means that Validators can process information and transactions without knowing what type of information it is. What do you believe? FHE allows the deployment of Smartcontracts to help developers build Privacy DAPp on Fhenix.
Compare Fully Homomorphic Encryption & Zero-knowledge
FHE technology has many differences compared to Z technology. ZK technology only allows authentication and encryption, but cannot perform complex cryptographic calculations because it cannot combine private data from multiple parties. . This means that ZK is more suitable for scaling with a certain level of security, while FHE allows for a higher level of data security and supports use cases that ZK cannot, like private auctions on the blockchain.
The Fhenix difference
Some of Fhenix’s differences include:
- Fhenix is fully EVM compatible with the fhEVM virtual machine allowing developers to easily migrate DApps, Protocols from Ethereum to Fhenix.
- FHE technology also helps Fhenix easily apply AI technology and unprecedented applications in the Crypto market.
- Fhenix is not quite Layer 1 and not quite Layer 2. Fhenix should be considered a Blockchain extension using fully identical encryption (FHE), which can be integrated into all data layers and transaction types. knowledge in Blockchain.
Development Roadmap
Fhenix’s development roadmap is divided into a number of stages below:
- Quarter 1/2024: Testnet
- Quarter 3/2024: Interchain Support.
- Quarter 1/2025: Testnet Optimization
- Quarter 2/2025: Mainnet
Investor
0/ Multicoin has led a $7.5M seed round in @FhenixIO which is emerging on-chain FHE to enable compliant, on-chain confidentiality
What’s FHE? Fully Homomorphic Encryption
The ability to compute over encrypted data
The holy grail of cryptographyhttps://t.co/gWPbtMSO0f
— Integrated Kyle (@KyleSamani) September 26, 2023
- September 26, 2023: Fhenix successfully raised $7.5M in a Seed round led by Multicoin Capital.
Core Team
Guy Itzhaki: Co Founder & CEO
- Guy earned a Bachelor of Science – Bachelor of Mathematics and MBA with honors, Master of Business Administration from the Hebrew University of Jerusalem.
- Right after graduating, Guy joined Intel Corporation in many different roles, all related to Blockchain and security.
- After more than 7 years with Intel, Guy decided to build Fhenix.
Tokenomics
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Exchanges
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Project Information Channel
- Twitter: https://twitter.com/fhenixio
- Website:
Summary
Fhenix is one of the extremely notable Blockchain platforms in the near future with a new technology aimed at user privacy. Hopefully through this article everyone can understand more about what Fhenix is?
