Enigma Price

What is Enigma?

Enigma is a blockchain-based protocol that enables truly decentralized applications and private transactions. It uses groundbreaking privacy technologies to enable secure data management and sharing across public and private networks. By leveraging the power of distributed ledger technology, Enigma allows users to store, share, and manage sensitive data in a secure and decentralized manner.

Enigma's mission is to build a platform for secure computation on encrypted data. This means that users can securely compute over data without ever having access to the underlying data itself. This opens up new possibilities for developers who want to create secure applications that leverage sensitive data without compromising user privacy or security.

The Enigma protocol consists of two main components: an off-chain network of nodes (called “secret contracts”) which are responsible for securely managing the encrypted data, and an on-chain component which handles the consensus layer. The off-chain network is designed to be highly scalable, allowing it to handle large amounts of data while maintaining high performance.

Enigma also provides tools for developers to easily integrate their applications with the protocol. This includes libraries for various programming languages as well as APIs for interacting with the secret contracts. With these tools, developers can quickly build applications that leverage Enigma's powerful privacy features.

Overall, Enigma provides a powerful platform for creating truly decentralized applications that protect user privacy while still providing access to valuable data. By utilizing its unique combination of cryptography and distributed ledger technology, Enigma is able to provide unparalleled levels of security and scalability.

For more information about Enigma visit here.