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Enigma (project)

Topic: Finance

 From HandWiki - Reading time: 4 min

Enigma
Ticker symbolENG
Development
Original author(s)Guy Zyskind
Oz Nathan
Alex "Sandy" Pentland
White paperEnigma: Decentralized Computation Platform with Guaranteed Privacy
Initial releaseSeptember 11, 2017 (8 years ago) (2017-09-11)
Websiteenigma.co

Enigma is a decentralised data marketplace protocol and cryptocurrency created by a team of Massachusetts Institute of Technology graduates and researchers,[1] and incubated at MIT Media Lab.[2] The Enigma protocol is a second-layer, off-chain network that aims to solve issues of scalability and privacy on the blockchain.[3][4] Enigma's CEO is Guy Zyskind[5] and advisors include Alex Pentland.[6] The first application to be built on the Enigma data marketplace is Catalyst, a tool for data-driven crypto investing and trading.[7]

History

Enigma was created by Guy Zyskind and Oz Nathan along with their advisor and MIT Professor Alex Pentland. The project first began as an attempt to create homomorphic encryption, a form of encryption that allows computer systems to query secured databases which actually allow them decrypted access.[8]

References

  1. ↑ "Enigma And KyberNetwork Partner To Expand Blockchain & Crypto-Asset Adoption". https://paymentweek.com/2017-10-25-enigma-kybernetwork-partner-expand-blockchain-crypto-asset-adoption/. Retrieved 27 December 2017. 
  2. ↑ "Project: Enigma". https://www.media.mit.edu/projects/enigma/overview/. Retrieved 10 January 2018. 
  3. ↑ Guy Zyskind; Oz Nathan; Alex ’Sandy’ Pentland. Enigma: Decentralized Computation Platform with Guaranteed Privacy. https://www.enigma.co/enigma_full.pdf. 
  4. ↑ "Enigma and KyberNetwork Partner To Expand Blockchain & Crypto-Asset Adoption". http://paymentsjournal.com/enigma-kybernetwork-partner-expand-blockchain-crypto-asset-adoption/. Retrieved 27 December 2017. 
  5. ↑ "Here's one way hackers can be stopped from stealing millions in an initial coin offering". http://uk.businessinsider.com/ethereum-price-ico-hack-2017-7?r=US&IR=T. Retrieved 13 January 2018. 
  6. ↑ "Advisors". https://www.enigma.co/#advisors. Retrieved 27 December 2017. 
  7. ↑ "Enigma announces biggest release yet for crypto quant platform with Catalyst 0.4". https://www.cryptoninjas.net/2017/12/13/enigma-announces-biggest-release-yet-crypto-quant-platform-catalyst-0-4/. Retrieved 27 December 2017. 
  8. ↑ Greenberg, Andy (June 30, 2015). "MIT's Bitcoin-Inspired 'Enigma' Lets Computers Mine Encrypted Data" (in en-US). WIRED. https://www.wired.com/2015/06/mits-bitcoin-inspired-enigma-lets-computers-mine-encrypted-data/. 





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