Enigma ENG

$0.5855
Market Cap $ 43.819 MM (#117)
24h Volume $ 1.366 MM
Chg. 24h: -2.67%
Algo. score 4.0/5  (#34)
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Enigma project purpose and description

Enigma clarity of purpose

Enigma purpose and aspects

Enigma intends to be a platform for privacy-focused decentralized applications and smart contracts to run on with special focus on privacy and scalability

Enigma additional differentiation against competition

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Enigma categories

PrivacySmart contractsComputingPlatform

Short description

Enigma is a decentralized computation platform with guaranteed privacy. Our goal is to enable developers to build ’privacy by design’, end-to-end decentralized applications, without a trusted third party.

Abstract

A peer-to-peer network, enabling different parties to jointly store and run computations on data while keeping the data completely private. Enigma’s computational model is based on a highly optimized version of secure multi-party computation, guaranteed by a verifiable secret-sharing scheme. For storage, we use a modi- fied distributed hashtable for holding secret-shared data. An external blockchain is utilized as the controller of the network, manages access control, identities and serves as a tamper-proof log of events. Security deposits and fees incentivize operation, correctness and fairness of the system. Similar to Bitcoin, Enigma removes the need for a trusted third party, enabling autonomous control of personal data. For the first time, users are able to share their data with cryptographic guarantees regarding their privacy

Link to Roadmap: https://bitcointalk.org/index.php?topic=2052215.0
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