Tuesday, September 2, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Fhenix Launches Nitrogen Testnet, Pioneering Confidentiality in Ethereum Layer 2

by SB Crypto Guru News
November 20, 2024
in Ethereum
Reading Time: 2 mins read
0 0
A A
0


Fhenix, an Ethereum Layer 2 solution known for its innovative use of Fully Homomorphic Encryption (FHE), has unveiled the Nitrogen testnet, marking a significant step forward in decentralized blockchain technology. This new iteration brings advanced decryption capabilities and major improvements to decentralization, performance, and security.

What Makes Nitrogen Stand Out?

The Nitrogen upgrade introduces a series of key features aimed at enhancing the Fhenix network:

  1. Threshold Network
    Nitrogen incorporates the Threshold Network, a decentralized mechanism for handling decryption in a trust-minimized way. This step significantly improves the level of decentralization within the Fhenix ecosystem.
  2. Parallel Decryptions
    To counter the computational intensity typically associated with FHE, Parallel Decryptions employ asynchronous decryption. This feature provides users with the fast, seamless experience they expect, making FHE more accessible for real-world applications.
  3. Security Zones
    Developers can now take advantage of customizable Security Zones to optimize their applications based on specific security and performance needs:
    • Zone 0: Prioritizes maximum security with minimal user trust requirements.
    • Zone 1: Focuses on high performance, utilizing a single local keyset held by the sequencer for decryption.

Fhenix CEO Guy Itzhaki shared his enthusiasm, stating:
“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.”

Enhanced Developer Experience

The Nitrogen upgrade also supports cutting-edge functionality designed to simplify development and reduce costs:

  • Data Availability with Celestia: Nitrogen leverages Celestia for efficient data availability, leading to reduced transaction costs and improved price stability.
  • Random Number Generation: A native feature called FHE.rand() allows developers to easily generate random numbers without relying on external solutions.

These advancements aim to foster a thriving ecosystem of confidentiality-enabled decentralized applications (dApps) on Ethereum.

Why It Matters for Ethereum Development

By introducing confidential smart contracts, Fhenix is redefining the possibilities for Ethereum Layer 2 solutions. Its EVM-equivalent environment lets developers continue using familiar tools like Solidity while incorporating FHE to ensure data privacy and confidentiality. With the Nitrogen testnet, Fhenix moves closer to a mainnet launch, laying the groundwork for secure, decentralized, and cost-effective blockchain solutions.

The platform’s dedication to decentralization and security positions it as a transformative force in the blockchain space. As more dApps adopt Fhenix’s technology, the Ethereum ecosystem could see a significant shift toward confidentiality and trust.

Learn More

For more information about the Nitrogen testnet and Fhenix’s mission, visit their official website: https://www.fhenix.io/.



Source link

Tags: Bitcoin NewsConfidentialityCrypto NewsCrypto UpdatesethereumFhenixLatest News on CryptoLaunchesLayerNitrogenpioneeringSB Crypto Guru NewsTestnet
Previous Post

Bitcoin Surges Past $94,000, Edges Closer to $100K Milestone

Next Post

Can the US Out-Innovate China in AI Development?

Related Posts

Holešky Testnet Shutdown Announcement | Ethereum Foundation Blog

Holešky Testnet Shutdown Announcement | Ethereum Foundation Blog

by SB Crypto Guru News
September 1, 2025
0

As previously announced, the Holešky testnet has reached its planned end-of-life date and will be sunset shortly. The vast majority...

Should Ethereum care if Chrome gets sold off?

Should Ethereum care if Chrome gets sold off?

by SB Crypto Guru News
August 31, 2025
0

Google’s antitrust case cracked open the possibility that Chrome (with 3B+ users) could be separated from Google. If that happens,...

The Ecosystem Support Program’s Next Chapter

The Ecosystem Support Program’s Next Chapter

by SB Crypto Guru News
August 29, 2025
0

The EF’s Grants Program launched in 2018 and has evolved over time to become the Ecosystem Support Program (ESP), providing...

Protocol Update 003 — Improve UX

Protocol Update 003 — Improve UX

by SB Crypto Guru News
August 29, 2025
0

A few months ago, we announced a renewed focus of Protocol on three strategic initiatives: Scale L1, Scale blobs, Improve...

Ethereum’s Biggest Problem Isn’t Tech – It’s Storytelling

Ethereum’s Biggest Problem Isn’t Tech – It’s Storytelling

by SB Crypto Guru News
August 25, 2025
0

Heyo, Chris here – I'm Head of Design at Octant. Epoch 9 is about to go live, and this one...

Load More
Next Post
Can the US Out-Innovate China in AI Development?

Can the US Out-Innovate China in AI Development?

Canaan Expands North American Bitcoin Mining Operations, Secures Order From Hive

Canaan Expands North American Bitcoin Mining Operations, Secures Order From Hive

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.