Enigma

Enigma (ENG)

$0.4957 -6.71%

What is Enigma?

An external blockchain is utilized as the controller of the network. Enigma is a decentralized data marketplace, that guarantees the privacy of their users' shared data cryptographically. Security deposits are required and fees are charged in order to incentivize operation, correctness and fairness in the system. For storage, Enigma uses a modified distributed hashtable for holding secret-shared data. ENG is an Ethereum-based ERC 20 token that serves as currency on Enigma's network. It manages access control, identities and serves as a tamper-proof log of events. Enigma s computational model is based on an optimized version of secure multi-party computation, backed by a verifiable secret-sharing scheme.

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