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Enigma is a pioneering crypto platform tackling blockchain privacy issues with 'secret contracts' that extend Ethereum Smart Contracts with privacy features by encrypting and distributing contract data across nodes off-chain. The platform encompasses three layers: a privacy protocol layer for secure decentralized computation, a platform layer for building applications like data marketplaces and AI exchanges, and an application layer for dApps requiring private computation. Its first application, Catalyst, serves professional crypto traders for data-driven asset investment and research. Enigma, led by MIT graduates including CEO Guy Zyskind, features advisors such as Alex and Sandy Pentland. Operating on Ethereum, it has a total supply of 150 million ENG tokens, traded actively with a market price rising 2.12% recently. Visit [https://enigma.co/](https://enigma.co/) for more details.
Enigma is a pioneering crypto platform tackling blockchain privacy issues with 'secret contracts' that extend Ethereum Smart Contracts with privacy features by encrypting and distributing contract data across nodes off-chain. The platform encompasses three layers: a privacy protocol layer for secure decentralized computation, a platform layer for building applications like data marketplaces and AI exchanges, and an application layer for dApps requiring private computation. Its first application, Catalyst, serves professional crypto traders for data-driven asset investment and research. Enigma, led by MIT graduates including CEO Guy Zyskind, features advisors such as Alex and Sandy Pentland. Operating on Ethereum, it has a total supply of 150 million ENG tokens, traded actively with a market price rising 2.12% recently. Visit [https://enigma.co/](https://enigma.co/) for more details.
Enigma is a pioneering crypto platform that addresses privacy issues in blockchain technology through its innovative 'secret contracts.' These contracts extend the capabilities of Ethereum smart contracts by introducing privacy features. Operating off-chain, Enigma encrypts contract data and distributes it across nodes, ensuring decentralized and secure computation. This approach mitigates the inherent transparency of blockchains by breaking data into encrypted fragments, offering enhanced privacy and security.
Enigma's secret contracts function by breaking a smart contract and its data into encrypted fragments, which are distributed among Enigma nodes. This process operates off-chain, providing a layer of privacy that traditional blockchain smart contracts lack. The secret contracts enable secure decentralized computation of sensitive data, benefiting users by ensuring their activities and data remain private while still leveraging blockchain's decentralized nature.
Enigma's architecture includes three primary layers: the Protocol Layer, which enhances privacy and security through decentralized computation; the Platform Layer, which supports building platforms like data marketplaces and AI exchanges; and the Application Layer, enabling development of decentralized applications that require private computation. This multi-layered approach allows for a flexible and secure ecosystem that caters to various privacy-focused applications.
Catalyst is the first application developed on the Enigma protocol, designed for professional crypto traders. It provides a platform for data-driven crypto asset investing and research, using Enigma's privacy features to securely handle sensitive data and computations. With tens of thousands of users, Catalyst caters to traders by offering insights and analysis in a private and decentralized environment, enhancing investment strategies and research efficiency.
Enigma differentiates itself from other smart contract platforms by introducing 'secret contracts,' which focus on privacy and security through off-chain encrypted computation. Unlike traditional platforms that expose transaction data on-chain, Enigma's approach ensures sensitive data remains protected while maintaining blockchain's decentralized benefits. This makes it particularly appealing for applications requiring confidentiality, setting it apart in the smart contract ecosystem.
If you experience issues while using Enigma's platform, visit their official website at [https://enigma.co/](https://enigma.co/) for resources, documentation, and support. Additionally, engaging with the Enigma community or reaching out to their support team can provide assistance. Understanding the platform's structure, like its multi-layered architecture and secret contracts, can also help troubleshoot common problems related to privacy and computation.
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Founder and CEO at Enigma.
Venturing. Advising. Building. Discovering uncharted territories.
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