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About Enigma

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.

Market

Canada Market Stats

Market cap

CA$1.3M

Volume (24h)

CA$348,652.46

Circulating supply

82.7M ENG

All time high

CA$11.36

Canada Market performance

Price change (1h)

-14.42%

Price change (1d)

-15.84%

Price change (1w)

-39.29%

Price change (2w)

-19.93%

Price change (1m)

+31.56%

Price change (1y)

+10.48%

Canada News about Enigma

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Crypto has been ‘validated significantly’ with spot bitcoin ETF approval, says Pantera Capital exec

Pantera Capital's Franklin Bi told The Block that crypto has been 'validated significantly' with this year's spot bitcoin ETF approval in the U.S., solidifying institutional investors' conviction in the industry.

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BeInCrypto • May 04, 24

Veteran Analyst Peter Brandt Shares 8 Tips for Aspiring Crypto Traders

Peter Brandt shares crucial advice for aspiring crypto traders focusing on skill development, financial preparation, and realistic expectations about success rates.The post Veteran Analyst Peter Brandt Shares 8 Tips for Aspiring Crypto Traders appeared first on BeInCrypto.

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The Block • May 04, 24

The Funding: Ethereum restaking, DePINs, Bitcoin ecosystem and RWA tokenization lead crypto VC trends

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Enigma is on the decline this week.

The price of Enigma has decreased by 14.42% in the last hour and decreased by 15.84% in the past 24 hours. Enigma’s price has also fallen by 39.29% in the past week. The current price is CA$0.0153 per ENG with a 24-hour trading volume of CA$348.65K. Currently, Enigma is valued at 99.87% below its all time high of CA$11.36. This all-time high was 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 82,717,911.64.

FAQ

What is the current price of Enigma?

We update our Enigma to CAD currency in real-time. Get the live price of Enigma on Coinbase.

What is the market cap of Enigma?

The current market cap of Enigma is CA$1.27M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Enigma?

The all-time high of Enigma is CA$11.36. This all-time high is highest price paid for Enigma since it was launched.

What is the 24 hour trading volume of Enigma?

Over the last 24 hours, the trading volume of Enigma is CA$348.65K.

What other assets are similar to Enigma?

Assets that have a similar market cap to Enigma include Fistbump, xPET tech BPET, BitDAO, and many others. To see a full list, see our comparable market cap assets.

How many Enigma are there?

The current circulating supply of Enigma is 83 million.

Can I buy Enigma on Coinbase?

Yes, Enigma is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Enigma guide.