- Enigma is a crypto platform that’s trying to solve the problem of #privacy on the blockchain by giving them access to muchneeded 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 offchain, 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 datadriven 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 datamining 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..
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