About Enigma
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.
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Market Stats
Market Cap
$1,039,050.29
FDV
Not enough data
Circulating Supply
82,717,911.64 ENG
Max Supply
Not enough data
Total Supply
150,000,000 ENG
Diluted Valuation
$1,884,206.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$11.31
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.0126
Overall Price Change (1Y)
-0.01%
Additional info about Enigma
Recent trends
The current price is $0.0126 per ENG with a 24-hour trading volume of $11.31. The new price represents a new all time high of $0.0126. This all-time high is the highest price paid for Enigma since its launch. The current circulating supply of Enigma is 82,717,911.64 ENG which means that Enigma has as total market cap of $1,039,050.29.
Market details
ENG vs markets
↘ 9.13%
ENG vs BTC
↘ 18.02%
ENG vs ETH
↗ 85.46%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xf0Ee6b27b759C9893Ce4f094b49ad28fd15A23e4 | |
Gnosis | 0x7a7d81657A1A66b38a6cA2565433A9873C6913B2 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0126 | 0.00% |
1 Day | $0.0126 | 0.00% |
1 Week | $0.0126 | 0.00% |
1 Month | $0.0133 | ↘ 5.82% |
1 Year | $0.0126 | ↘ 0.51% |
FAQ
Enigma is a platform that seeks to use privacy-focused technologies to solve privacy problems related to internet mediums. The platform’s mission is to create systems and products that can speed up the adoption of privacy-oriented decentralized technologies. To fulfill this mission, the platform has developed products and services that aim to focus on protecting sensitive and private data by allowing secure computation and data sharing. According to the whitepaper of Enigma, the implementation of the following steps seeks to achieve a secure structure:
Besides these measures to ensure a compact security structure, Enigma has also developed a secretsmart contract. These smart contracts can hide data completely from nodes while solving problems related to privacy and correctness. The term node denotes computers that can connect to a crypto network. Further, the platform aims to enhance its security structure by collaborating with Intel to develop end-to-end scalable decentralized applications (DApps). Along with that, Enigma has also launched a project called the secret network. This is an independent blockchain that aims to provide data privacy by default. Also, it can be used for private applications, suitable for the Web3 version. The Web3 version is the third version of the internet.
Furthermore, to facilitate functioning on the platform, Enigma launched its native cryptocurrency, the ENGtoken. The token aims to function on the Ethereum network using smart contracts and to be used as a medium for paying the gas fees while fueling the ecosystem.
The tokens were claimed to be thoroughly audited by the OpenZeppelin team before the public distribution of the tokens. OpenZeppelin is a cybersecurity and service organization in the crypto space. Besides these functions, ENG tokens can also be swapped against SCRT coins, the cryptocurrency of the secret network, aimed to enable users to use the secret network for data privacy purposes.
The Enigma platform was launched along with its whitepaper in 2015 by Guy Zyskind, CEO of the organization. The token distribution of the platform started on October 11, 2017. The token has a maximum total supply of 150,000,000 ENG.
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The current market cap of Enigma is $1.04M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Enigma is $0.0126. This all-time high is highest price paid for Enigma since it was launched.
Over the last 24 hours, the trading volume of Enigma is $11.31.
Assets that have a similar market cap to Enigma include Power Play, LOK, Housecoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Enigma is 83 million.
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Social stats
Popularity in posts
#2979
Contributors
34
Posts
606,344
% About Enigma
0.007%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
4.8 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
34 unique individuals are talking about Enigma and it is ranked #2,979 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Enigma has an average sentiment score of 4.8 out of 5. Finally, Enigma is becoming less newsworthy, with 0 news articles published about Enigma.
On Twitter, people are mostly neutral about Enigma. There were 0% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Enigma. 100% of tweets were neutral about Enigma. These sentiments are based on 7 tweets.
On Reddit, Enigma was mentioned in 24 Reddit posts and there were 65 comments about Enigma. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.