TL;DR: Fhenix has launched CoFHE on Ethereum and Arbitrum mainnets, allowing approved applications to perform computations with encrypted data.
Public blockchain applications are often plagued by a transparency issue, where sensitive commercial details can become public knowledge. Fhenix aims to tackle this challenge with its innovative computation system, CoFHE, powered by fully homomorphic encryption.
The company has confirmed that CoFHE is now operational on Ethereum and Arbitrum mainnet. This groundbreaking technology allows applications to utilize a coprocessor to handle encrypted inputs, ensuring that sensitive values remain hidden from the broader network. This capability is particularly significant for sectors such as private trading and finance, where full public disclosure can hinder operations.
However, it’s important to note that access to this technology is initially restricted. Fhenix’s early deployment on the mainnet utilizes an allowlist for contracts that submit CoFHE workloads, while open testnets are available for developers looking to experiment with the technology. Additionally, the company’s technical documentation clarifies that research throughput measurements differ from actual results achieved in a live production environment.
This development does not automatically render all Ethereum transactions private but provides an essential tool for developers ready to embrace encrypted computation within the constraints of the initial deployment. If CoFHE proves effective under real-world workloads, it could facilitate the integration of confidential finance into established smart contract ecosystems, potentially obviating the need for entirely separate blockchains.
Written by the News Desk and edited by Samuel Rae.
