Review on Enigma by Robiul Islam
Enigma is a decentralized secure computation protocol.
This is a project i'm watching closely. Everything is looking awesome. This is not a short term flip. A solid team of blockchain enthusiasts and a heavy focus on privacy within its industry make Enigma a solid choice to consider when looking at coins that may do well in the future.
With a host of solid use cases for the protocol, as well as its ability to work with existing blockchains, it has plenty of potential. Even though this project is not as well-known as some other blockchain projects, it’s one to keep your eye on.
Pros
- Able To Transmit Private, Sensitive Data Across Blockchains.
- Secret Contracts Allows The Data Beneath Of A Contract To Be Processed While Staying Encrypted.
- Solid Team Full Of MIT Graduates. Software Development Looks To Be A Very Strong Point Across The Team.
- Token mechanics are strong and well thought-out.
- It offers new methods which allow for the monetization of data while returning power to the consumer.
- Users receive incentives to keep the token within the system, which helps to increase its value.
- It targets a market which is large and ready for disruption. Privacy issues make them a great solution to capitalize on the inherent distrust of the current system.
Cons
- Competitors like ICON are working in the same place but target more goals with larger goals. It looks to have a strong vision for privacy and scalibility with their platform.
- Need to prove that the company has the ability to handle advanced technological issues with their solution.
