FHE’s Privacy Potential: Fhenix vs. Mixers
Fhenix’s Confidential DeFi

Model: Fully Homomorphic Encryption (FHE) enables private smart contracts (e.g., hidden balances, stealth trades).

Advantage: No reliance on mixers—privacy is native, compliant, and resistant to chain analysis.

Mixers’ Limitations

Tornado Cash’s Fallout: Regulatory bans crippled usage; surviving mixers (e.g., Railgun) face liquidity fragmentation.

Trust Issues: Requires deposit anonymity proofs, unlike FHE’s computation-on-encrypted-data.

Outlook:
Fhenix could redefine privacy if scalable, but FHE’s computational overhead (~10x slower) remains a hurdle.