Enigma blockchain reddit
Posts on Reddit and conversations on Telegram have provided indicative timeframes, but an official correspondence from the team would be fantastic. No doubt this is a big ask given the complexity of the project Enigma is addressing two of the shortfalls of current blockchains; privacy and scalability.
This is an enormous protocol that has the potential to trickle down into every blockchain project in existence and opens the door for organisations to confidently process their data on-chain. I do hold a small amount of Enigma, but am not associated in any way with the team.
More information on the project and the team can be found on the Enigma Website. The team refunded all the victims with funds they raised outside the ICO. Very old news, odd to even bring up. Their ICO funds, or tech have never been hacked. Yes, and I believe the team responded swiftly and made adequate changes to ensure future risk is minimised. As I said in my post, it is important to disassociate with the past and valuate Enigma on its merits as a protocol.
They haven't solved all the problems, but they intelligently applied one of the most fundamental cryptographic technologies that could be used to increase the security of contract platforms. It's a very significant step in the crypto market, and I have reviewed and verified that a good deal of the harder problems like a more reliable asset backed security, securities market, or utility coins I think it is nothing short of revolutionary, I don't think the market participants fully understand yet.
The only market participants that would understand and appreciate the value of the technology are participants looking to implement MPC. We're a far way off global adoption of blockchain, but there is an understanding of the need for infrastructure solutions like Enigma. From the Enigma Website The Enigma protocol is a second-layer, off-chain network that aims to solve the two biggest problems for blockchains: Why do we need Enigma?
What problem does it solve and how does it do it? Scalability Current processing rates on-chain is slow and expensive. Privacy Off-chain data storage is generally centralised The off-chain network of decentralised nodes allows for multi-party computations to take place. Where can Enigma be used? From Wikipedia, the free encyclopedia. File File history File usage No higher resolution available.
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