Fhenix integrates Celestia for data availability in Tel Aviv, September 2024

On September 12, 2024, in Tel Aviv, Fhenix announced its integration of Celestia as a data availability solution. This partnership aims to enhance the development of privacy-preserving applications by providing reliable and decentralized data streams. Fhenix, known for its Fully Homomorphic Encryption (FHE) Layer 2 technology, seeks to reduce the costs associated with FHE computation, thereby making it more accessible to developers. The integration of Celestia's modular data availability network allows transaction data to be easily downloaded and verified, facilitating the creation of scalable applications that utilize both on- and off-chain data sources. Fhenix's CEO, Guy Itzhaki, emphasized the importance of this integration in achieving their goal of democratizing FHE technology. Fhenix's architecture is designed to support confidential computation efficiently, enabling rapid processing of encrypted on-chain data at a low cost. This capability is crucial for developing decentralized applications (dapps) that offer full end-to-end encryption, catering to various use cases, including decentralized finance (DeFi), gaming, and confidential voting. The addition of Celestia's data availability layer is expected to accelerate the development of innovative applications on Fhenix, allowing projects to concentrate on their core strengths. This strategic move positions Fhenix as a leader in advancing Ethereum application development by introducing confidentiality to smart contracts and transactions, ultimately enhancing the overall blockchain ecosystem.