Enigma (ENG) is a cryptocurrency project that aims to enhance privacy and build secure decentralized applications (dApps) on blockchain technology. Founded in 2015, Enigma aims to address the limitations of existing blockchains, such as the inability to process large amounts of sensitive data privately. The ultimate goal of Enigma is to provide a scalable privacy solution for blockchain applications.
The Enigma network utilizes a unique concept called "secret contracts," which allow for encrypted computations to take place on blockchain data. Through this approach, Enigma seeks to protect sensitive information while still allowing for decentralized applications to access and utilize the data in a private and secure manner.
Enigma's native cryptocurrency is called ENG, which serves as the fuel for the network. ENG token holders can participate in network governance, secure data, and earn rewards through staking and validating transactions.
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