Review on Enigma by Fabrizio Zampieri
Based on an MIT thesis, the Enigma protocol is a second-layer network that can…
Based on an MIT thesis, the Enigma protocol is a second-layer network that can work with any blockchain. Nodes in the Enigma network do not see the data they compute over, yet they can publicly prove that they have run a computation correctly. This opens the door for a new type of smart contracts: "secret contracts" where the underlying data processed in the contract remains encypted at all times.
Pros
- The Enigma privacy protocol allows for decentralized computation of sensitive data. On this protocol, dozens of platforms such as data marketplaces and AI exchanges can be built. Application layer enables thousands of truly decentralized apps that require private computation and secure data. Catalyst platform: it is the first application to be built on the Enigma protocol, already active with tens of thousands of users. Catalyst is a revolutionary platform for data-driven cryptoasset investing and research, built for professional crypto traders.
Cons
- Team is at the first steps. There is still a lot of work to do. Current ENG token quotation is understimated.
