✨ Fhenix & FHE
Fhenix is revolutionizing the blockchain space by utilizing Fully Homomorphic Encryption (FHE) for confidential smart contracts on public blockchains. An urgent blockchain challenge is ensuring privacy, and FHE is a promising solution. By leveraging FHE's ability to process encrypted data, privacy concerns are effectively addressed, thereby creating a safer environment for Web3 applications.
FHE - Fully Homomorphic Encryption
FHE is a technology that enables processing data without decrypting it. With data encrypted both in transit and during processing, everything that is done online can now be encrypted end-to-end, not just digital messaging!
This means that companies can offer services, including operating on customer data, while ensuring customer privacy (since user data remains encrypted). Users can be confident that their data is private, and they experience no difference in functionality.
FHE makes it possible to write private smart contracts that keep on-chain data encrypted. This allows for the creation of decentralized, permissionless blockchains with all data on-chain and auditable, yet not actually visible.
To read more about different FHE schemes, see our FHE Overview Section.
Fhenix Nitrogen Testnet
The current Fhenix Nitrogen Testnet is the second public iteration of the Fhenix protocol. It is still an early build, and it can potentialy has bugs (unfortunately) and there are still features that are still under development.
There are still challenges ahead. However, we are excited to be working on this project, because it is potentially an innovative and disruptive technology in the blockchain space.
What we write here is not set in stone. We are still considering the best way to move forward, and we are excited to have you here with us as we embark on this journey. Please let us know if you have any suggestions, ideas or comments. Feedback is always welcome. We are looking for ways to improve and for people to join us and contribute.