Contents
Blockchain Company Fhenix Launches Nitrogen Testnet with Fully Homomorphic Encryption
Fhenix Introduces Upgraded Testnet with Cutting-Edge Encryption Technology
Enhanced Decryption Mechanism for Improved Network Decentralization
Blockchain technology company Fhenix has unveiled Nitrogen, its latest testnet featuring Fully Homomorphic Encryption (FHE). This significant development in blockchain privacy technology introduces advanced decryption capabilities in preparation for the upcoming mainnet launch.
New Security Zones and Performance Optimization Features
The Nitrogen testnet incorporates the Threshold Network as its core decryption mechanism to enhance network decentralization. A key addition is the Parallel Decryptions feature, which tackles performance challenges associated with FHE operations by utilizing asynchronous decryption for more efficient computational management. The platform also introduces two Security Zones – Zone 0 for enhanced security and Zone 1 for performance optimization using a single local keyset managed by the sequencer.
Technical Improvements and Integration with Celestia
The upgrade includes integration with Celestia for improved data availability and reduced transaction costs. Developers can utilize a native random number generation function through FHE.rand(). Operating as an Ethereum Layer 2 solution, the testnet maintains EVM equivalence, allowing developers to continue using Solidity for smart contract development and selective encryption of smart contracts with FHE technology.
Addressing Blockchain Privacy Challenges
Fhenix’s implementation targets challenges in blockchain privacy, focusing on areas such as smart contract confidentiality, transaction privacy, and secure asset management on the Ethereum network. The system aims to provide these features while preserving the transparency and decentralized nature of blockchain technology.
Further Developments and Future Plans
The Nitrogen release highlights the ongoing advancements in blockchain privacy technology as the industry seeks to balance transparency and confidentiality in distributed ledger systems. Fhenix continues to test and optimize the platform for security and performance before the planned mainnet launch, with developers able to access the testnet for building and testing confidential applications.
Remember to show your support by sharing and liking the article!
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
