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Enigma
$0.288129
-0.24%
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  • Market Cap
    $21,562,444
  • 24h Vol (Global)
    ฿66 ($578,853)
  • Circulating Supply
    74,836,171
  • Issue Date
    2017-10-13
  • Issue Price
    $0.600000
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
150,000,00074,836,1712017-10-13$0.600000
POW1
etherscan.io
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
150,000,000Ethashhttps://github.com/enigmampchttps://enigma.co/TOKEN

Enigma is a decentralized computation platform with guaranteed privacy. Our goal is to enable developers to build ’privacy by design’, end-to-end decentralized applications, without a trusted third party. Enigma is private. Using secure multi-party computation (sMPC or MPC), data queries are computed in a distributed way, without a trusted third party. Data is split between different nodes, and they compute functions together without leaking information to other nodes. Specifically, no single party ever has access to data in its entirety; instead, every party has a meaningless (i.e., seemingly random) piece of it. Enigma is scalable. Unlike blockchains, computations and data storage are not replicated by every node in the network. Only a small subset perform each computation over different parts of the data. The decreased redundancy in storage and computations enables more demanding computations. The key new utility Enigma brings to the table is the ability to run computations on data, without having access to the raw data itself. For example, a group of people can provide access to their salary, and together compute the average wage of the group. Each participant learns their relative position in the group, but learns nothing about other members’ salaries. It should be made clear that this is only a motivating example. In practice, any program can be securely evaluated while maintaining the inputs a secret.

Teams
    Victor Grau Serrat

    Victor Grau Serrat

    Director of Engineering

    MIT D-Lab | 15+ years of software development

    Can Kisagun

    Can Kisagun

    Chief Product Officer & Co-founder

    MIT Sloan MBA | McKinsey

    Guy Zyskind

    Guy Zyskind

    CEO and Co-founder

    MIT Media Lab | 10+ years software development

Introduction

Enigma is a decentralized computation platform with guaranteed privacy. Our goal is to enable developers to build ’privacy by design’, end-to-end decentralized applications, without a trusted third party. Enigma is private. Using secure multi-party computation (sMPC or MPC), data queries are computed in a distributed way, without a trusted third party. Data is split between different nodes, and they compute functions together without leaking information to other nodes. Specifically, no single party ever has access to data in its entirety; instead, every party has a meaningless (i.e., seemingly random) piece of it. Enigma is scalable. Unlike blockchains, computations and data storage are not replicated by every node in the network. Only a small subset perform each computation over different parts of the data. The decreased redundancy in storage and computations enables more demanding computations. The key new utility Enigma brings to the table is the ability to run computations on data, without having access to the raw data itself. For example, a group of people can provide access to their salary, and together compute the average wage of the group. Each participant learns their relative position in the group, but learns nothing about other members’ salaries. It should be made clear that this is only a motivating example. In practice, any program can be securely evaluated while maintaining the inputs a secret.

Social Media
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Fetch.AI — Community Newsletter (9–13 September)
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Enigma’s Guy Zyskind: ‘I’m Pro-Whatever Kind of Blockchain Fits Decentralization Ideals’
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Hodler’s Digest, July 9-15: While Mining ETH is a ‘Side Hustle’ for Google Co-Founder, Mining BTC for Russians May Fund Election ‘Interference’
2018-07-15
Media Lab Project Enigma Partners with Intel on Privacy Research
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