Convert Redecoin REDEV2 to Enigma ENG

Redev2 is built on top of the Ethereum code base, but has been forked to serve purposes beyond Ethereum. The main target group of this coin are people who do not like to be subject to the whims of traditional banking systems and want to avoid excessive fees associated with money transfers. Rede's primary priority is to eliminate boredom, which makes it an attractive choice for people looking for alternative ways to conduct financial transactions. Rede's revolutionary STK system provides a unique method of confirming transactions. Unlike traditional cryptocurrencies, rede does not involve sending coins or creating numerous certificates. In the STK system, users register on the stake.redecoin.eu platform and link their Metamask wallet address. The system checks whether users have the required minimum balance in their accounts. Additionally, users need to install and configure a rede network node and provide a public IP address and open port 30304 for communication between rede nodes. The more nodes there are in the network, the more resistant it is to various attack attempts and the faster it can distribute transactions in the rede network.

Enigma is a crypto platform that’s trying to solve the problem of privacy on the blockchain by giving them access to much-needed storage, privacy, and scalability. Enigma wants to extend Ethereum Smart Contracts by introducing secret contracts, a brand of smart contract that gives users an element of privacy that’s not intrinsic to current blockchain protocols. These contracts operate off-chain, meaning the execution of the Smart Contract doesn’t occur on the Ethereum blockchain itself. This is how the Enigma protocol works: it breaks up the Smart Contract and any related data into pieces, encrypts those pieces, and distributes them redundantly among Enigma nodes. Enigma has a protocol level. The Enigma privacy protocol allows for decentralized computation of sensitive data. It has a platform layer too. On this protocol, dozens of platforms such as data marketplaces and AI exchanges can be built. In its application layer, it enables thousands of truly decentralized apps that require private computation and secure data.Its first application is catalyst. Catalyst is the first application to be built on the Enigma protocol, already active with tens of thousands of users. Catalyst is a revolutionary platform for data-driven cryptoasset investing and research, built for professional crypto traders. Enigma has a team of MIT graduates, and they’ve been working diligently to ensure Enigma’s success. Guy Zyskind, Enigma’s CEO and cofounder, helped start the project while he was still a student at MIT. He has more than a decade of software development experience with an M.S. from MIT. Sandy Pentland, a well known MIT data scientist who gained fame for his work in data-mining social interactions, is Zyskind and Nathan’s adviser on Enigma. With other advisors such as Alex Pentland, who sits on the Advisory Boards for Google and Nissan, CEO of Abra, Bill Barhydt and director of MIT media lab, Prof. Alex Pentland, it is hard to difficult a fault in the team.