Market stats

$193,964.79

$144,521.40

+31.04%

13.9M ENG

$8.30

-7.22%

+1.89%

+1.41%

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

congratulationsOnEarningCrypto

About Enigma

Resources

What Is Enigma (ENG)?

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:

  • Implement protocols that allow blockchains to act as an automated access-control manager, which does not need to trust third parties for processing.

  • Develop a combination of off-storage blockchain with blockchain to create a personal data management platform that focuses on privacy.

  • Develop a framework that provides owners with complete control over their data.

  • Provide complete transparency to users on how data is acquired and accessed.

  • Allow users with the power to revoke permission to data access on mobile applications whenever they like.      

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.       

History of Enigma (ENG)

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.

Enigma is on the rise this week.

The price of Enigma has risen by 1.41% in the past 7 days. The price increased by 1.89% in the last 24 hours. In just the past hour, the price shrunk by 7.22%. The current price is $0.014013 per ENG. Enigma is 99.83% below the all time high of $8.30.

The current circulating supply is 13,891,797.339 ENG.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Enigma in market cap.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Coinbase Bytes article