What is Enigma?
Enigma (ENG) is a platform focused on solving privacy problems associated with the internet using privacy-focused technologies. The platform is dedicated to developing systems and products that can accelerate the adoption of privacy-oriented decentralized technologies. The aim is to protect sensitive and private data by enabling secure computation and data sharing. To achieve this, Enigma has developed protocols and products that focus on privacy and security.
The platform has developed several measures to ensure a secure structure, such as implementing protocols that enable blockchains to act as an automated access-control manager that does not require trust in third parties for processing. Enigma has also developed a combination of off-storage blockchain with blockchain to create a personal data management platform that focuses on privacy. Additionally, the platform provides owners with complete control over their data, offers complete transparency to users on how data is acquired and accessed, and allows users to revoke permission to data access on mobile applications whenever they wish.
To enhance its security structure, Enigma has collaborated with Intel to develop end-to-end scalable decentralized applications (DApps). The platform has also launched a project called the secret network, which is an independent blockchain aimed at providing data privacy by default. It can be used for private applications suitable for the Web3 version, which is the third version of the internet.
Enigma has developed a secretsmart contract that can hide data completely from nodes while solving privacy and correctness-related problems. Additionally, the platform has launched its native cryptocurrency, the ENGtoken, which aims to function on the Ethereum network using smart contracts and be used as a medium for paying the gas fees while fueling the ecosystem.
Before the public distribution of tokens, the ENG tokens underwent thorough auditing by the OpenZeppelin team, a cybersecurity and service organization in the crypto space. ENG tokens can also be swapped against SCRT coins, the cryptocurrency of the secret network, which enables users to use the secret network for data privacy purposes.
The Enigma platform was launched in 2015 by Guy Zyskind, CEO of the organization. The token distribution of the platform began on October 11, 2017, and the token has a maximum total supply of 150,000,000 ENG. Enigma continues to explore new technologies and develop innovative solutions to promote data privacy and security.
In conclusion, Enigma (ENG) is a platform that prioritizes privacy and security in the internet space. It has developed several protocols and products that focus on protecting sensitive and private data by enabling secure computation and data sharing. The platform provides owners with complete control over their data, offers complete transparency to users on how data is acquired and accessed, and allows users to revoke permission to data access on mobile applications whenever they wish. Enigma's collaboration with Intel to develop scalable decentralized applications and the launch of its independent secret network blockchain shows its dedication to enhancing its security structure. Enigma's native cryptocurrency, the ENGtoken, also plays a critical role in fueling the ecosystem while providing users with a medium for paying gas fees. With its thorough auditing process and maximum total supply of 150,000,000 ENG, Enigma continues to explore new technologies and develop innovative solutions to promote data privacy and security.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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