Review on Enigma by francis fernandez
Enigma: a blockchain that bets on the privacy of the digital market
Enigma is a cryptocurrency project designed with the purpose of safeguarding the privacy of the data of the users involved in the transactions of decentralized applications.
The secret network as it is now known, uses secret contracts (a combination of smart contracts and private data) to ensure that decentralized applications obfuscate their data on a public blockchain or on their own servers.
What protocols are used in Enigma?
The “secret network” as the enigma project is now known uses the Proof-of-Stake (POS) Protocol that operates on the Cosmos blockchain.
The tokens to be used will be the SCRTs instead of the ENG tokens.
What qualities can we highlight of this cryptocurrency?
Enigma now with the support of Secret Network designs solutions for various problems that arise in the use of digital assets. This gives it particular characteristics such as:
* Greater scalability in the blockchain.
* Privacy in decentralized transactions and applications through secret contracts.
* It has a SCRT coin for the reward of miners, payment of fees and participation of secret servers in the network.
* Easy access to your website and your decentralized secret applications.
There are many characteristics that this project presents that undoubtedly provide important benefits to its users such as privacy and security in the management of their operations and games.
Pros
- Privacy in transactions.
- Easy access to your decentralized secret apps.
- Scalability of the blockchain.
- It has a website with a modern and attractive design.
Cons
- Its value is susceptible to market volatility due to its unstable price not anchored to a FIAT currency
