Fhenix launched its CoFHE mainnet on Ethereum and Arbitrum on Oct. 21, saying it lets smart contracts compute on encrypted data without exposing sensitive information onchain. The system moves intensive encrypted computation off-chain and returns verified results to the contracts. It also lets users switch token balances between public and confidential modes in one transaction, without wrapping or bridging assets.
Consensys Diligence completed a technical audit before the launch. Fhenix plans to deploy three more decentralized apps in the fourth quarter and is using a hackathon to explore demand for confidential applications on Solana.
