Fhenix is the very first blockchain undertaking to use Fully Homomorphic Encryption technologies to shield consumer privacy. So what is Phenix? Let’s come across out with Coinlive in the post under.
What is Fenix?
Fhenix is a new blockchain platform that employs cryptography to shield consumer privacy. It is based mostly on the Ethereum blockchain, but employs a new technologies named Fully Homomorphic Encryption to permit developers to create wise contracts and carry out calculations on the information devoid of ever revealing it. .
Fully homomorphic encryption (FHE), approximately translated as completely homomorphic encryption, is a technologies that lets information to be processed devoid of acquiring to decrypt it. This lets wise contracts to be executed devoid of revealing the facts within, making certain that each inputs and transaction states are usually cryptographically protected during computation. It can be made use of to develop Web3-based mostly applications with finish-to-finish encryption.
The big difference in between FHE and Zero Knowledge
Zero-awareness Proof (zkProof) and FHE are each encryption technologies that can be made use of to shield information privacy. However, they have some vital distinctions.
– The capability to determine: zkProof can’t method encrypted information from a number of customers devoid of sacrificing safety. On the other hand, FHE can do this devoid of sacrificing safety, creating it less difficult to integrate with other applications in the blockchain. zk technologies also usually needs substantial customization when integrating with new networks and assets, though FHE is far more common.
– Extension capability: zkProof is presently regarded far more scalable than FHE. However, potential developments of FHE technologies are anticipated to strengthen its scalability.
– Complex calculation abilities: FHE can manage complicated computations on encrypted information, creating it ideal for applications this kind of as machine finding out, safe MPC, and completely personal computations. On the other hand, zkProof technologies is usually made use of for easier duties this kind of as proving worth devoid of revealing it.
– Application capabilities: zkProof is ideal for certain use circumstances this kind of as identity verification, authentication and scalability. On the other hand, FHE has a broader array of applications, like confidential information processing, safe cloud computing, and privacy safety for artificial intelligence applications.
Roadmap for advancement
The Fhenix advancement roadmap is announced as follows:
- Quarter 01/2024: Deploy the check network.
- Quarter 03/2024: Interchain help.
- Quarter 01/2025: Optimize your testnet network.
- Quarter two/2025: Core network distribution.
Development staff
Fhenix was founded by Guy Zyskind, founder of SCRT Labs and is managed by Guy Itzhaki, former director of Homomorphic Encryption and Blockchain at Intel Corporation.
summary
Through the over overview post on the Fhenix undertaking, Coinlive hopes that readers fully grasp the simple facts about this undertaking to make their very own investment choices. I want you a thriving investment!