Israeli startup Fhenix raises $15m to bring confidentiality to Ethereum with fully homomorphic encryption
Israeli startup Fhenix has secured $15m in Series A funding led by Hack VC, with participation from Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. The company aims to bring confidentiality to Ethereum through a Layer 2 powered by fully homomorphic encryption (FHE). Fhenix plans to use the funds to expand operations and development efforts, and has also released the initial version of its testnet, Helium, allowing users to deploy confidential smart contracts to the network using FHE.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Bitcoin's return in February was -17.39%
The total locked value of Ethereum Layer2 network is 34.51 billion US dollars, down 7.51% on the 7th
Atlanta Fed forecast shows first quarter economic contraction, could disrupt stocks and Bitcoin
Trending news
MoreCrypto prices
More








