Fhenix is a Layer 2 rollup on Ethereum that utilizes fully homomorphic encryption (FHE) to enable confidential smart contracts and encrypted computation of data without decryption. This technology addresses the need for on-chain privacy, allowing for secure applications such as confidential voting, private auctions, and decentralized identity management.
Funding
$22M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+3Founders
Product
Problem
Current Ethereum smart contracts operate with publicly visible data, limiting their use for applications requiring confidentiality, such as private voting, secure AI, and confidential DeFi transactions. This lack of on-chain privacy restricts the types of applications that can be built and exposes sensitive data to potential risks.
Solution
Fhenix is a Layer 2 rollup on Ethereum that leverages fully homomorphic encryption (FHE) to enable confidential smart contracts and encrypted computation of data without decryption. Fhenix allows developers to build applications where transaction inputs and states remain encrypted throughout the entire computation process, providing end-to-end encryption for Web3 applications. The platform's FHE coprocessor handles private computation off-chain, enhancing efficiency and scalability while maintaining decentralization. Developers can integrate encrypted data handling into their smart contracts with a single Solidity import, making it easier to build privacy-preserving applications.
Target Audience
Fhenix targets Web3 developers, particularly those building DeFi applications, AI platforms, and gaming environments, who require enhanced data privacy and security for their smart contracts.
Features
- Fully homomorphic encryption (FHE) for computations on encrypted data without decryption
- Confidential smart contracts ensuring transaction inputs and states stay encrypted
- FHE Coprocessor (CoFHE) for off-chain computation, enhancing efficiency and scalability
- EVM-compatibility, allowing seamless integration with Ethereum, Layer 2, and Layer 3 rollups
- Solidity support for easy integration with existing smart contract infrastructure
- Fraud proofs and cryptoeconomic security mechanisms for result validation
- Support for confidential transactions, fair play gaming, and secure AI applications