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Review on Enigma by Cosmin PODARIU
Enigma is an agnostic privacy protocol that enables different parties to…
Enigma is an agnostic privacy protocol that enables different parties to jointly store and run computations on data while keeping data completely private through the use of secret contracts.
The protocol provides privacy and increased scalability to blockchains utilizing revolutionary "secret contracts". The Enigma protocol is Blockchain agnostic meaning it can work with and be complementary to any other Blockchain Networks (ETH, NEO, etc). As the decentralized web continues to scale, the Enigma protocol will provide blockchains with a necessary second-layer network that can handle more data, faster, while being fully private. Since Enigma solves the two largest limiting factors surrounding blockchain technology, privacy and scalability, it is going to allow for mass adoption of blockchains and decentralized applications.
Additionally, the team is creating a "data marketplace". The Data marketplace will be built to facilitate the secure exchange of data. It has the potential to become the cornerstone of the new decentralized web — storing the long tail of data for people, apps and organizations. The Enigma data marketplace will provide a location for data to be stored privately and sold to potential consumers. With data becoming extremely valuable and prevalent in our society, the potential of the Enigma data marketplace is massive.
The Enigma team has already created an application called 'Catalyst', that has over 20,000 users. The Enigma team built this to demonstrate the powerful ability of the protocol, and to inspire others to develop decentralized applications upon it.
Pros
- Enigma is a gateway to mass adoption of Blockchain technology
Cons
- N/A
