Ethereum

Fhenix

Parallel

The Parallel

Threshold

Fully Homomorphic Encryption (FHE) Layer 2 Fhenix has announced a significant upgrade&nbsp;to its testnet . Fhenix is getting closer to its mainnet debut with the release of Nitrogen, the most recent version, which adds significant new decryption capabilities.
By using the Threshold Network, which is the mechanism&nbsp;that Nitrogen employs to manage decryption in a manner that minimizes the need for trust, Nitrogen dramatically improves the level&nbsp;of decentralization that the Fhenix network has.
The Parallel Decryptions feature&nbsp;is yet another important addition that was included with the Nitrogen upgrade. Through the use of asynchronous decryption, Parallel Decryptions are able to reduce the lengthy and computationally costly activities that FHE schemes need. This allows them to provide customers with the quick and seamless experience that they have come to expect.
Additionally, developers that use the Nitrogen testnet will benefit from Security Zones, which provide a customizable approach to the protection of decentralized applications (dApps). Because of this, applications will be able to be tuned to meet a wide range of needs, including those pertaining to performance and security. There are two Security Zones that Nitrogen supports. Zone 0 is the default configuration, and it places an emphasis on security while also implying less trust for the user. Zone 1, on the other hand, places an emphasis on performance rather than security, and it uses a single local keyset that is kept by the sequencer to conduct decryption.
Fhenix CEO Guy Itzhaki said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The Nitrogen testnet is a major step towards providing a permissionless, censorship-resistant platform for confidentiality with FHE. The introduction of the Threshold Network, along with new features such as Parallel Decryptions and Security Zones give developers the tools they need to create powerful confidential applications on Ethereum and bring us one step closer to the Fhenix mainnet launch.”
</blockquote>
Additionally, Celestia is introduced for data availability in the most recent Fhenix testnet. This helps to reduce transaction costs while also enhancing price stability. In other places, Nitrogen includes the capability to create random numbers in a native manner and automatically by using a simple function known as FHE.rand().
Nitrogen is a crucial milestone on the route towards a decentralized platform for onchain confidentiality. It brings about considerable advantages in terms of network security, speed, cost, and user experience. The Nitrogen test network is able to accomplish considerable gains in decentralization, so setting the groundwork for a flourishing ecosystem of apps developed on Ethereum that are capable of maintaining anonymity.
Using Fully Homomorphic Encryption (FHE), a revolutionary cryptographic approach that permits processing of encrypted data, Fhenix is the first Ethereum Layer 2 to offer confidential&nbsp;smart contracts. This is accomplished via the use of encrypted data.&nbsp;Fhenix&nbsp;is an alternative to the Ethereum Virtual Machine (EVM), which enables developers to create their smart contracts in Solidity using the developer tools they are already acquainted with and optionally encrypt them using FHE. The purpose of Fhenix is to introduce confidentiality&nbsp;to smart contracts, transactions, and onchain assets for the very first time. This will allow for the advancement of Ethereum application development.
Find out more by visiting <a href="https://www.fhenix.io/" target="_blank" rel="noopener noreferrer nofollow">https://www.fhenix.io/</a>.

Fhenix Unveils Nitrogen Testnet, Pioneering Confidential Smart Contracts with FHE

TheNewsCrypto

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