Topic: Enigma -Will It really Solve Crypto Problem?- (Read 107 times)

Hi!

Crypto world often found challenge on privacy and scalability issues.
Privacy is highly sought as we can see coin addressing in privacy matters raise in value. Scalability however also top concern, as thousands of new users enter the crypto space daily.

Enigma claimed can solve blockchain’s scalability and privacy issues from the protocol level with a second-layer, off-chain network. Key to this is Enigma’s “secret contracts”, which allow data to be processed by nodes in the Enigma network while still being kept private. Through this innovative architecture, Enigma is creating a truly decentralized and secure solution on which innovative applications can be built.

Enigma's protocol fixes these issues and unlocks the value of blockchains by enabling truly decentralized applications. The promise of Enigma lies in its unique technology that protects privacy of data while still allowing for computation over that data.

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 encrypted at all times.

They build product called Enigma Catalyst, a platform for data-driven crypto investing and trading.
Catalyst is a revolutionary platform for data-driven cryptoasset investing and research, built for professional crypto traders. Catalyst is the first application to be built on the Enigma protocol and is already active with tens of thousands of users.

What do you think? Will enigma really solve privacy and scalability issue?