Introduction
Fhenix introduces a pioneering Layer 2 (L2) rollup that leverages Fully Homomorphic Encryption (FHE) to provide on-chain confidentiality for Ethereum applications. This innovative solution opens up new possibilities, including confidential voting, anonymous auctions, trustless gaming, decentralized identity, and private social networks.
Innovation
Fhenix stands out in blockchain by integrating FHE with the Ethereum Virtual Machine (EVM). This allows for operations on encrypted data without decryption, ensuring confidentiality throughout the process. The key innovation lies in extending the EVM to include special precompiles that support FHE-based computations.
Architecture
The architecture of Fhenix is scheme-agnostic and highly flexible, designed to accommodate advancements in cryptography. It allows developers to add private fields, texts, and numbers in Solidity without learning new languages. The compatibility with existing development tools such as Hardhat and Remix further enhances its usability. Additionally, FHE coprocessors are integrated to offload encrypted computational tasks from the host chain, improving efficiency while maintaining security.
Code Quality
While innovative, Fhenix‘s codebase presents some complexity that may challenge developers. To enhance accessibility, the code can be improved. The core components, such as FheOS and Warp-Drive, are modular and extendable, effectively facilitating FHE operations and key management.
Product Roadmap
Fhenix is in its early stages, with the Helium Testnet being the first public iteration. This testnet is crucial for identifying and addressing bugs and developing new features. The roadmap includes plans for further refining the protocol and expanding its capabilities to support a broader range of confidential applications on Ethereum.
Fhenix Usability
Fhenix is designed to be developer-friendly, integrating seamlessly with familiar tools and languages, which reduces the learning curve. The scheme-agnostic architecture and compatibility with existing development environments make it easy for developers to adopt and build on Fhenix.
Team
The development team behind Fhenix consists of four active developers, including one senior and three intermediate developers. The team’s expertise and dedication are evident in the innovative approach and the robust architecture of the Fhenix protocol.
Conclusion
Fhenix’s integration of Fully Homomorphic Encryption with Ethereum’s EVM brings unparalleled confidentiality and security to on-chain applications. The innovative architecture, supported by FHE coprocessors and a scheme-agnostic design, enables developers to build privacy-preserving solutions without compromising efficiency or security. As the first FHE L2 rollup, Fhenix is poised to impact the landscape of decentralized applications significantly.
Initial Screening | |||
Keep researching | |||
Does this project need to use blockchain technology? | Yes | ||
Can this project be realized? | Yes | ||
Is there a viable use case for this project? | Yes | ||
Is the project protected from commonly known attacks? | Yes | ||
Are there no careless errors in the whitepaper? | Yes | ||
Project Technology Score | |||
Description | Scorecard | ||
Innovation (Out Of 11) | 11 | ||
How have similar projects performed? | Good | 2 | |
Are there too many innovations? | Regular | 2 | |
Percentage of crypto users that will use the project? | Over 11% | 5 | |
Is the project unique? | Yes | 2 | |
Architecture (Out of 12) | 9 | ||
Overall feeling after reading whitepaper? | Good | 2 | |
Resistance to possible attacks? | Good | 2 | |
Complexity of the architecture? | Very complex | 0 | |
Time taken to understand the architecture? | 20-50 min | 1 | |
Overall feeling about the architecture after deeper research? | Good | 4 | |
Has the project been hacked? | No | 0 | |
Code Quality (out of 15) | 13 | ||
Is the project open source? | Yes | 2 | |
Does the project use good code like C,C++, Rust, Erlang, Ruby, etc? | Yes | 2 | |
Could the project use better programming languages? | No | 0 | |
Github number of lines? | More than 10K | 1 | |
Github commits per month? | More than 10 | 2 | |
What is the quality of the code? | Good | 2 | |
How well is the code commented? | Good | 1 | |
Overall quality of the test coverage? | Outstanding | 2 | |
Overall quality of the maintainability index? | Good | 1 | |
When Mainnet (out of 5) | 5 | ||
When does the mainnet come out? | Mainnet | 5 | |
Usability for Infrastructure Projects (out of 5) | 5 | ||
Is it easy to use for the end customer? | Yes | 5 | |
Team (out of 7) | 4 | ||
Number of active developers? | 3+ | 1 | |
Developers average Git Background? | Intermediate | 1 | |
Developers coding style? | Solid | 2 | |
Total Score (out of 55) | 47 | ||
Percentage Score | |||
Innovation | 20.00% | ||
Architecture | 16.36% | ||
Code Quality | 23.64% | ||
Mainnet | 9.09% | ||
Usability | 9.09% | ||
Team | 7.27% | ||
Total | 86.45% |