Review on Enjin Coin by Fanuel PORPORTY
The blockchain gaming platform
Enjin is an information technology company based in Singapore, founded in 2008. It was at the end of 2017 that the team successfully organized an ICO, during which nearly $ 35 million including private and public funds have been collected.
The Enjin team designs its cryptocurrency entirely around the video game in order to make it the most used token in this industry. The project includes the Enjin Coin and a suite of software development kits (SDKs) that developers can integrate into their games and communities. Setting up a blockchain in games helps reduce the high fees and fraud that prevail in the transfer of virtual goods. The implementation of virtual goods with real value is therefore greatly facilitated thanks to the Enjin Coin. As an all-in-one web platform, Enjin is used in particular to create websites, forums, voice servers, etc. There are also various interesting applications like Enjin Network (is a content management system and a social platform that revolves around protocols and gaming platforms), Enjin Wallet (is the official wallet of Enjin which can contain a very large number of current cryptocurrencies but also objects related to the Enjin Coin), EnjinX (is a universal blockchain explorer, built with a focus on user experience, speed and ease of use .) and Efinity (is Enjin's solution to scalability problems that the Ethereum blockchain may encounter. It supports different Ethereum tokens and provides end-to-end e-commerce solutions.).
In addition, the Enjin Coin allows game developers on each platform to design and create a single currency for their respective communities which is in turn supported by the Enjin Coin as the parent currency. This gives these new tokens all the benefits of the Enjin blockchain while leaving room for customization according to the respective platforms.
Pros
- Partnership with Samsung and Unity
- The target sector, that is to say gaming, is only growing and this is not likely to stop, which offers good prospects for the evolution of the project
- An already substantial user base
- A technology already functional and which attracts many developers
- Provides a real solution regarding the exchange of goods in video games with real value
- A well protected, complete and intuitive wallet
Cons
- The project is extremely ambitious, which a fortiori makes the realization and completion of the initial idea complex. Enjin engineers face many technological challenges.
- The system is still fairly closed. Enjin Coin, excluding trading, can only be used with the tools developed by the company, which can harm the democratization of the token.
