The Enigma (ENG) is an erc20 token that serves as a currency in the Enigma platform. Enigma is a platform that seeks to solve blockchain's scalability and privacy issues. It is these two issues that have plagued the growth of this technology towards achieving mass adoption. Enigma is an off-chain network that provides an extra layer over data storage and private computation. It protects users’ data and still allow computation over the same.
This network is equipped with unique featuresShow more [+] sent from other blockchain platforms that enable it to achieve its intended purpose. These features are:
Platform Layer - It is on this that users can build any kind of platforms like market places and secure their private data.
Protocol Layer - This layer helps in the private and decentralized computation of sensitive data.
Application Layer - Developers can build any dApps that need security and private computation.
Enigma is able to secure private data by hiding input data from the chain's nodes. The first working application for this platform is called the Catalyst. This application is designed for data-driven digital asset investments as well as for research. It is ideal for professional traders.
ENG token is available in notable exchanges like Binance, Huobi, OKEx, Mercatox, GOPAX, Liqui and Bittrex. It is compatible with erc20 wallets like Ledger Nano S, MyEtherWallet, Trezor, Parity and MetaMask among others.
The project is the idea of experts from Massachusetts Institute of Technology (MIT) and other experts. Notable among them is Guy Zyskind, co-founder and CEO as well as a software developer, Can Kisagun, the chief product officer and co-founder and Victor Grau Serrat, the director of engineering.
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