Enigma is a Token that aims to solve the two most important problems for Blockchain, privacy and scalability. In this article, as Kriptokoin.com, “What is Enigma?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is Enigma? What does ENG do?
Enigma offers Off-Chain storage for private data. In other words, ENG is one of the most critical initiatives in terms of the security and decentralization provided by Blockchain technology to fulfill its promises. Thanks to Enigma Catalyst scalability technology, it allows especially high volumes of trades.
Enigma uses Smart Contract technology. It also allows users to send data. The most important feature is that it offers the opportunity to store data in a decentralized way. This is a revolution in Blockchain technology.
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Behind Enigma Coin is the Massachusetts Institute of Technology, whose name almost everyone knows. In addition, Enigma’s main purpose is to ensure that decentralized technologies are adopted globally, with confidentiality in mind. The Enigma team, on the other hand, plans to solve the privacy problems that are experienced today and caused by the central structure of internet networks.
How does it work?
Scalability works with privacy and security services. Defined as an off-chain network, ENG has an inherent privacy. In order to ensure the security of the data, it is encrypted before it is distributed to the nodes. In addition, ENG Tokens are used by nodes and other users in the network for transactions taking place on this network.
Developers start the process by writing secret contracts. These contracts take place on the team’s so-called secret network platform. Users save their encrypted data to this hidden network. It is developed in a structure that cannot be read by anyone. A hidden node then processes this data before it can read it again. As a result, the transaction takes place in a confidential manner.
What are the uses of Enigma?
- Rewarding successful Traders on the Enigma Catalyst platform,
- Rewarding users who provide liquidity,
- Payment to other Premium data sources that support trade,
- Investors on the ENG platform spend specifically to invest in mutual funds,
- Establishing trust by depositing in the Network as collateral.
How to buy ENG?
The largest exchanges traded with ENG; Binance, Mercatox, Crex24, Bitrue HitBTC. To purchase coins, the following steps can be followed:
First, access the web/mobile application of the ENG listing you selected as the first step. Complete the account opening steps. Then complete the authentication and approval process. Follow the deposit steps. As the last step, choose ENG Coin with the balance amount you want and create a purchase order. Store it in your trusted accounts.
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