Ethereum-based blockchain planning to bring encrypted computation on-chain
, a layer-2 blockchain developer, has raised $15 million in a funding round led by Hack VC. The company intends to further develop its homomorphic encryption for confidentiality solutions.Fully homomorphic encryption is the process of converting data ciphertext. It allows you to work with encrypted data without first having to decrypt it. Developers can use smart contracts to encrypt parts of their Solidity-based applications.
FHE is the most elegant solution to the problem of encryption because, unlike existing confidentiality solutions based on zero knowledge technology, it allows for end-to-end computation of encrypted data.”a technical partnership with EigenLayer around the development of FHE Coprocessors. These coprocessors are designed to delegate computational tasks that require handling sensitive data, away from a host chain.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum Layer 2 Fhenix, focused on confidentiality, raises $15 million in Series A fundingFhenix, an Ethereum Layer 2 network developer focused on confidentiality, has raised $15 million and launched its testnet.
Read more »
Former adviser to Gov. Bill Walker buys Cook Inlet gas producer Furie for $15 millionJohn Hendrix was general manager of Apache Corp.’s operations in Cook Inlet prior to working in the Walker administration.
Read more »
PHOTOS: Drake dropped $15 million on this ritzy Texas ranchChampaign Papi snapped up the former Inn at Dos Brisas, near Blue Bell ice cream's home in Brenham.
Read more »
Norfolk Southern will pay $15 million fine as part of federal settlement over Ohio derailmentThe federal government agreed to a $15 million fine for Norfolk Southern over last year's disastrous derailment in East Palestine, Ohio.
Read more »
Letitia James Launches New 'Water Quality' Case After $15 Million WinThe New York Attorney General seeks $591,000 from a construction business owner accused of building on protected wetlands.
Read more »
Historic Fort Worth Olympic-size pool reopening after $15 million renovationDallas Mayor Eric Johnson asked a council committee to deny severance pay for its former city manager.
Read more »