The blockchain platform Enigma works with an off-chain computation. The easiest way to give a sensible explanation is the following – a code is processed on and off the chain. On the blockchain it is public, and on the off-chain network, it remains private. The data goes through encryption before being sent to the network, and in this way, the off-chain layer secures it from fraud and abuse.The ENG coin based on the Ethereum ERC 20 token has been out on the market for less than a year now launched in October 2017. Experiencing the well-known surge of January 2018, that cryptocurrency was traded for $8 for an item on its highest before slumping down three-fold. The market cap of ENG moves around 200 million USD.

Comments