Enigma ENG to Penta PNT Exchange

Crypto Pair Details: ENG to PNT

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.

Penta PNT

Penta Network is a next-generation platform for both public and private blockchain projects, designed to be a premier platform for transferring value and operating high-performance decentralized applications. Penta will remove roadblocks and reshape the blockchain landscape with an emphasis on impacting the real economy and improving productivity. With its unique consensus algorithm (DSC) and a distributed network architecture, Penta is building the world’s most inclusive, equitable, and distributed blockchain community. Penta Network will provide a fully integrated network infrastructure enabling people, businesses, and communities to exchange things of value in a secure, seamless, and efficient way. The Penta Network will provide the kind of infrastructure needed to power the Smart Economy of tomorrow. The Penta public blockchain is a “smart decentralized” blockchain with a unique consensus algorithm DSC, which balances quantum resistant security with decentralization and scalability. Only by balancing these elements can public blockchains reach their full promise. Building on its underlying blockchain infrastructure, Penta offers a high-performance DAPP platform that ensures scalability, security and efficiency. The Penta DAPP Layer will empower developers to commercially deploy applications solving real-world issues. The Connection Layer' enables Penta to be compatible with other blockchains, with existing networks like online platforms and cloud computing systems, and with off-chain systems. We call Penta the Universal Blockchain Connector because it solves the interoperability problem so that applications launched on Penta can traverse digital networks to be productive in the real economy.

SOURCE: COINGECKO

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