Wednesday, July 30, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Fhenix Launches Nitrogen Testnet, Pioneering Confidentiality in Ethereum Layer 2 – Crypto-News.net

20 November 2024
in Ethereum
Reading Time: 2 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on Twitter


Fhenix, an Ethereum Layer 2 resolution identified for its progressive use of Totally Homomorphic Encryption (FHE), has unveiled the Nitrogen testnet, marking a big step ahead in decentralized blockchain know-how. This new iteration brings superior decryption capabilities and main enhancements to decentralization, efficiency, and safety.

What Makes Nitrogen Stand Out?

The Nitrogen improve introduces a sequence of key options geared toward enhancing the Fhenix community:

Threshold NetworkNitrogen incorporates the Threshold Community, a decentralized mechanism for dealing with decryption in a trust-minimized approach. This step considerably improves the extent of decentralization inside the Fhenix ecosystem.Parallel DecryptionsTo counter the computational depth usually related to FHE, Parallel Decryptions make use of asynchronous decryption. This characteristic offers customers with the quick, seamless expertise they anticipate, making FHE extra accessible for real-world functions.Safety ZonesDevelopers can now reap the benefits of customizable Safety Zones to optimize their functions primarily based on particular safety and efficiency wants:Zone 0: Prioritizes most safety with minimal person belief necessities.Zone 1: Focuses on excessive efficiency, using a single native keyset held by the sequencer for decryption.

Fhenix CEO Man Itzhaki shared his enthusiasm, stating:“The Nitrogen testnet is a serious step in the direction of offering a permissionless, censorship-resistant platform for confidentiality with FHE. The introduction of the Threshold Community, together with new options akin to Parallel Decryptions and Safety Zones, give builders the instruments they should create highly effective confidential functions on Ethereum and produce us one step nearer to the Fhenix mainnet launch.”

Enhanced Developer Expertise

The Nitrogen improve additionally helps cutting-edge performance designed to simplify growth and scale back prices:

Knowledge Availability with Celestia: Nitrogen leverages Celestia for environment friendly knowledge availability, resulting in lowered transaction prices and improved value stability.Random Quantity Technology: A local characteristic known as FHE.rand() permits builders to simply generate random numbers with out counting on exterior options.

These developments purpose to foster a thriving ecosystem of confidentiality-enabled decentralized functions (dApps) on Ethereum.

Why It Issues for Ethereum Growth

By introducing confidential sensible contracts, Fhenix is redefining the chances for Ethereum Layer 2 options. Its EVM-equivalent surroundings lets builders proceed utilizing acquainted instruments like Solidity whereas incorporating FHE to make sure knowledge privateness and confidentiality. With the Nitrogen testnet, Fhenix strikes nearer to a mainnet launch, laying the groundwork for safe, decentralized, and cost-effective blockchain options.

The platform’s dedication to decentralization and safety positions it as a transformative drive within the blockchain area. As extra dApps undertake Fhenix’s know-how, the Ethereum ecosystem might see a big shift towards confidentiality and belief.

Study Extra

For extra details about the Nitrogen testnet and Fhenix’s mission, go to their official web site: https://www.fhenix.io/.



Source link

Tags: ConfidentialityCryptoNews.netEthereumFhenixLaunchesLayerNitrogenPioneeringTestnet
Previous Post

Bitcoin Surges Past $94,000, Edges Closer to $100K Milestone – Markets and Prices Bitcoin News

Next Post

Can the US Out-Innovate China in AI Development?

Related Posts

Ethereum Institutional Interest Grows After BTCS Inc.’s Massive Purchase Of 14,240 ETH | Bitcoinist.com
Ethereum

Ethereum Institutional Interest Grows After BTCS Inc.’s Massive Purchase Of 14,240 ETH | Bitcoinist.com

29 July 2025
Checkpoint #5: July 2025 | Ethereum Foundation Blog
Ethereum

Checkpoint #5: July 2025 | Ethereum Foundation Blog

30 July 2025
Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs
Ethereum

Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

28 July 2025
Ethereum Is Becoming TradFi’s Settlement Layer — Here’s Why | Bitcoinist.com
Ethereum

Ethereum Is Becoming TradFi’s Settlement Layer — Here’s Why | Bitcoinist.com

29 July 2025
Crypto Whales Are Dumping Ethereum For Cardano — What’s Behind The Shift? | Bitcoinist.com
Ethereum

Crypto Whales Are Dumping Ethereum For Cardano — What’s Behind The Shift? | Bitcoinist.com

28 July 2025
Ethereum Sees Uptick Despite Market Pullback, On-Chain Metrics Signal Caution | Bitcoinist.com
Ethereum

Ethereum Sees Uptick Despite Market Pullback, On-Chain Metrics Signal Caution | Bitcoinist.com

26 July 2025
Next Post
Can the US Out-Innovate China in AI Development?

Can the US Out-Innovate China in AI Development?

$13 XRP? Analyst Says It’s Closer Than You Think

$13 XRP? Analyst Says It’s Closer Than You Think

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

2 July 2025
Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

2 July 2025
XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?

XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?

30 July 2025
Ethereum Leads Futures Rebound As Top Altcoin OI Nears $45B

Ethereum Leads Futures Rebound As Top Altcoin OI Nears $45B

30 July 2025
Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion – Featured Bitcoin News

Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion – Featured Bitcoin News

30 July 2025
‘Altseason for TradFi’ Underway As Investors Look To Rotate Profits Into Riskier Bets: Bitwise CIO Matt Hougan – The Daily Hodl

‘Altseason for TradFi’ Underway As Investors Look To Rotate Profits Into Riskier Bets: Bitwise CIO Matt Hougan – The Daily Hodl

30 July 2025
Market Set to Surge as PayPal Introduces ‘Pay with Crypto’ Feature for 100+ Tokens

Market Set to Surge as PayPal Introduces ‘Pay with Crypto’ Feature for 100+ Tokens

30 July 2025
Uprise Teams Up with HoneyBook to Bring Tax Planning to Small Business Owners – Finovate

Uprise Teams Up with HoneyBook to Bring Tax Planning to Small Business Owners – Finovate

30 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

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

SITEMAP

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

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily 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
  • bitcoinBitcoin(BTC)$118,061.00-0.78%
  • ethereumEthereum(ETH)$3,805.30-1.75%
  • rippleXRP(XRP)$3.12-1.83%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$801.13-3.42%
  • solanaSolana(SOL)$180.29-3.00%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,797.59-1.83%
  • dogecoinDogecoin(DOGE)$0.221413-4.17%
  • tronTRON(TRX)$0.3347841.44%