Enigma ENG to Eden EDN Exchange

Crypto Pair Details: ENG to EDN

Enigma ENG

Enigma is a crypto platform that’s trying to solve the problem of privacy on the blockchain by giving them access to much-needed storage, privacy, and scalability. Enigma wants to extend Ethereum Smart Contracts by introducing secret contracts, a brand of smart contract that gives users an element of privacy that’s not intrinsic to current blockchain protocols. These contracts operate off-chain, meaning the execution of the Smart Contract doesn’t occur on the Ethereum blockchain itself. This is how the Enigma protocol works: it breaks up the Smart Contract and any related data into pieces, encrypts those pieces, and distributes them redundantly among Enigma nodes. Enigma has a protocol level. The Enigma privacy protocol allows for decentralized computation of sensitive data. It has a platform layer too. On this protocol, dozens of platforms such as data marketplaces and AI exchanges can be built. In its application layer, it enables thousands of truly decentralized apps that require private computation and secure data.Its first application is catalyst. Catalyst is the first application to be built on the Enigma protocol, already active with tens of thousands of users. Catalyst is a revolutionary platform for data-driven cryptoasset investing and research, built for professional crypto traders. Enigma has a team of MIT graduates, and they’ve been working diligently to ensure Enigma’s success. Guy Zyskind, Enigma’s CEO and cofounder, helped start the project while he was still a student at MIT. He has more than a decade of software development experience with an M.S. from MIT. Sandy Pentland, a well known MIT data scientist who gained fame for his work in data-mining social interactions, is Zyskind and Nathan’s adviser on Enigma. With other advisors such as Alex Pentland, who sits on the Advisory Boards for Google and Nissan, CEO of Abra, Bill Barhydt and director of MIT media lab, Prof. Alex Pentland, it is hard to difficult a fault in the team.

Eden EDN

A Next Generation Blockchain for a Programmable Economy Platform : The Engine Behind the Most Dynamic Enterprise Infrastructure EdenChain is a blockchain technology designed specifically with enterprises in mind. It is a fast, secure and reliable third generation blockchain platform that allows all tangible and intangible values to be capitalized through smart contracts, enabling people to freely trade through the internet without intermediaries There exist a plethora of tradable asset classes in the world, such as stocks, bonds, real estate and commodities amongst money others. Individuals buy and sell these assets for various financial and non-financial purposes. As technology continues to develop, more unique asset classes have begun to emerge, such as copyrights, insurance policies, and derivatives, which all contain tradeable value when certain conditions are met. With EdenChain, existing assets can be replaced with blockchain-based tokens and their ownership can be registered; the necessary conditions can be specified through smart contracts according to the characteristics of the asset.

SOURCE: COINGECKO

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