Fhenix partners with EigenLayer to develop FHE coprocessors

FHE coprocessors will be focused on enabling computing over encrypted data

article-image

Fhenix and Adobe Stock modified by Blockworks

share

Fhenix, an Ethereum layer-2 platform that wants to bring fully homomorphic encryption (FHE) to smart contracts, revealed that it will be working with EigenLayer to develop FHE coprocessors.

A coprocessor is an additional processor designed to perform specialized tasks in an often more efficient way than a central processing unit. An example of this in the industry today is zero-knowledge (zk) coprocessors, which are used to scale zk rollup computations off-chain.

FHE coprocessors are similar, though their specific focus would be to enable computing over encrypted data without having to decrypt the information first. FHE coprocessors will ensure that sensitive, complicated computational tasks will not be handled on Ethereum or a subsequent layer-2 or layer-3, but rather by a designated processor. 

Read more: What is fully homomorphic encryption and how will it change blockchain?

“Once considered impossible, FHE coprocessors solve the challenge of analyzing large data sets on Ethereum without compromising on-chain performance,” Fhenix CEO Guy Itzhaki said in a press release reviewed by Blockworks.

Itzhaki notes that FHE coprocessors will enable a more efficient way to process encrypted data without exposing personal information, unlocking new use cases on the blockchain. 

FHE coprocessors are designed in a way to receive inputs from the host chain instead of storing a state themselves, enabling them to be performance-optimized and remain idle until needed. For efficiency purposes, they will rely on fraud proofs instead of zk proofs, which will be settled on the host chain.

FHE coprocessors will be secured by Fhenix’s FHE rollup and EigenLayer’s staking mechanism. EigenLayer enables actively validated services (AVS) to inherit pooled Ethereum security. 

By using EigenLayer, the FHE coprocessor can guarantee the economic correctness of the rollup’s execution. If operations are found to be malicious, then the stake of these validators will be slashed. Fhenix believes that this removes the necessity for a fraud-proof period. Doing so will also eliminate the dispute period, making confirmation times faster. 

Read more: Why data availability sampling matters for blockchain scaling

Guy Zyskind, the founder of Fhenix, remarks that FHE coprocessors will be not only feasible but also scalable. 

“Confidential computing will grow at scale, and the ability to provide immediate confirmations would not be otherwise possible without our joint efforts with EigenLayer,” Zyskind said.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Tags

Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report HL cover.jpg

Research

It's increasingly apparent that orderbooks represent the most efficient model for perpetual trading, with the primary obstacle being that the most popular blockchains are ill-suited for hosting a fully onchain orderbook. Hyperliquid is a perpetual trading protocol built on its own L1 that aims to replicate the user experience of centralized exchanges while offering a fully onchain orderbook.

article-image

Consensys filed a lawsuit against the SEC in a Texas court on Thursday

article-image

Marathon Digital’s hash rate target of 50 EH/s by the end of 2025 may be achieved a year sooner than expected, CEO says

article-image

The Algorand Foundation touts the network as first to go after pool of 10 million global developers

article-image

Drive-to-earn DePIN project MapMetrics will slowly transition to the peaq blockchain

article-image

The suit, filed in a Texas court, alleges a regulatory overreach by the SEC

article-image

This is the first crypto-centric announcement from Stripe since May of last year