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Fhentom

Ensuring privacy across blockchains for seamless and secure asset transfers using encrypted intents.

Fhentom

Created At

ETHGlobal Singapore

Project Description

Fhentom focus on identifying user pain points and aim to create a straightforward, user-friendly solution that significantly advanced the overall bridging experience.When considering the future of bridging solutions, we recognized a critical flaw in the current ecosystem: most bridges rely on multisig mechanisms, which are frequently hacked due to their poor security properties. These vulnerabilities prompted us to focus on integrating FHE to significantly advance the security of bridges and make them more robust against attacks. Fhentom is an intent-based bridge which facilitates fully homomorphic encryption (FHE) with seamless cross-chain interactions. By allowing users to define their transaction intents, Fhentom enables the transfer of assets and data across multiple blockchains in a secure and efficient manner. What sets Fhentom apart is its advanced FHE mechanism, ensuring that all intents are fully encrypted, safeguarding user privacy and protecting transaction details from malicious actors. This innovative approach advances both the security and flexibility of cross-chain communication, empowering users to bridge blockchains with trust and efficiency.

Overall, we aim to ensure privacy and security across all decentralized activities. Here's the video link for the presentation!!!!!: https://www.loom.com/share/b35a4f957a664454a3e7d02054f08619

How it's Made

One of the main challenges in Web3 is ensuring users' privacy, giving them greater control over their information and digital presence. Web3 data privacy prioritizes users by removing the need for a trusted third party to collect, store, and process personal information. Fhentom approach not only focused on privacy but also enables cheap, fast, and gas-free transactions via intents, making it easier for users to interact seamlessly cross chains without the burden of high fees or delays.Fhentom is leveraging FHE to bring encryption on across chains and networks thanks to Fhenix and ZAMA. Meanwhile Fhentom enables users to encrypt their intents, ensuring complete privacy and security.Solvers can execute the encrypted intents by simulating the fill transaction without knowing the specifics of the amount or token. Successful simulations allow solvers to complete the transaction and receive repayments, regardless of the encrypted details, ensuring seamless and confidential execution.

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