Enigma $ENG

Enigma, a robust and innovative crypto platform, is striving to resolve prevailing privacy issues related to blockchain technology. The Enigma protocol introduces a unique solution to this problem by facilitating much-needed storage, privacy, and scalability. Primarily, it extends Ethereum Smart Contracts through secret contracts, a new type of smart contract that integrates an element of privacy, which is not inherent in existing blockchain protocols.

About Enigma's Protocol

The Enigma protocol operates off-chain, meaning the execution of the Smart Contract doesn’t take place on the Ethereum blockchain. The protocol breaks down the Smart Contract and its related data into several pieces. It then encrypts these fragments and distributes them redundantly among Enigma nodes.

Enigma's Protocol and Platform Layer

Enigma maintains a protocol level which allows for decentralized computation of sensitive data. The platform layer of Enigma is flexible and versatile, supporting dozens of platforms such as data marketplaces and AI exchanges. The application layer of Enigma enables the development of thousands of decentralized apps that require private computation and secure data.

Enigma's First Application: Catalyst

Catalyst, the first application built on the Enigma protocol, is already being used by tens of thousands. Catalyst is a cutting-edge platform designed for data-driven cryptoasset investing and research, catering specifically to the needs of professional crypto traders.

The Team Behind Enigma

Enigma is backed by a team of MIT graduates who are diligently working towards the project's success. The project was initiated by Guy Zyskind, Enigma’s CEO and cofounder, during his time at MIT. With over a decade of experience in software development and an M.S. from MIT, Zyskind has been instrumental in driving the project forward. Other noteworthy figures involved in the project include Sandy Pentland and Alex Pentland. Sandy, a renowned MIT data scientist famous for his work on data-mining social interactions, serves as an advisor for Enigma. Alex Pentland, who holds advisory roles at Google and Nissan, CEO of Abra, Bill Barhydt and director of MIT media lab, also lends his expertise to the project.