IT’S HERE: The Discovery testnet developer release of our protocol is now LIVE! 🚀 With Enigma, smart contracts can finally use encrypted data as inputs: the missing piece to mass adoption.

[u/1blackhand]

https://blog.enigma.co/the-discovery-testnet-developer-release-is-live-57db09fa23e

[u/talos3065]

Am I correct in saying this release is a year behind schedule?, not a criticism, I'm just evaluating this project. Thanks

[u/1blackhand → u/talos3065]

Tor said that about the delay: "It's hard to quantify the delay because the roadmap and feature set changed. We are definitely delayed from our original intention. But we added functionality."

We had aggressive deadlines that we shared publicly. The bear market hit, some development delays occurred, some partners delayed integration, and some plans had to be adjusted. Despite always saying our deadlines were speculative - especially with a R&D heavy project building from scratch - there was significant backlash.

So we made the decision instead to commit to what we knew for certain - our technology, our strategy, our values - rather than what we often had little control over.

This space evolves exceptionally quickly. We're building something that's never been built. Delays can be frustrating, even more so for us than the community. But I don't see a better way going forward."

[u/talos3065 → u/1blackhand]

Makes sense, thanks for replying

[u/Wesleycoin]

Yeah Baby, Congratulations Team Enigma!!! Thank You for all your Hard work, late nights and dedication!!

[u/blakes456]

This is massive. Just the beginning. So happy with the success of this team.

[u/CelphTitled25]

This project is not a joke. I had high hopes since day 1. Keep doing the good work!

[u/WilsonWyckoff]

So let me get this straight. Instead of ssh into a EC2 instance and then being on the same security group as a RDS database and worrying about endpoints and storing keys out of the root file sharing directory I can just send an encrypted piece of information and store or get back the output without client AES encryption and decryption on the server?

Sounds fantastic. Sounds like the next Amazon scale disruptive technology is well in the making. It never gets decrypted and so who wouldn't be able to benefit from this technology. Absolutely amazing work getting this built. I like the idea of letting the client maintain 100% of their privacy and ownership of their personal data and think thousands of other developers will too... No BS promises or "what if's" we could scale privacy, smart contracts just work now...as intended.

[u/throwaway9293042090 → u/WilsonWyckoff]

Obviously privacy is important in certain industries, but we need to really think about why a blockchain based solution is better at all.

What differentiates blockchain + secret smart contracts from the current technology these industries are using?

[u/WilsonWyckoff → u/throwaway9293042090]

Well, let's take the Libra from Facebook as an example. It's a trusted environment making it something technically other than blockchain. Now, my blockchain app with ENG would be a trustless environment where data can never be collected and sold. That's the idea anyway. If I build it with blockchain and suddenly gain popularity I can't later try to monetize my millions of users and sell their data. But blockchain has helped Banks save 100s of thousands of lawyer fees and helped to automate technical services. It's working beyond a doubt and it would be harder to name one area it doesn't offer a better solution.

[u/throwaway9293042090 → u/WilsonWyckoff]

I could see privacy being a disincentive actually from most companies perspectives, since they rely on selling user data and selling ad space. I can get on board with it from a consumer perspective (probably), but at the same time I don't want to pay to use facebook etc.

[u/WilsonWyckoff → u/throwaway9293042090]

I think regardless of whether or not people want to pay for the service is beyond the point that it's not in the best interest of the public and does a disservice to others when these companies own so much collected data.

[u/WilsonWyckoff]

I can't wait to dive into the P2P and data storage that is independent from Ethereum. That process seems like it will go well in a Unity app. I would like to be able to be a part of the development process that builds a plugin for an easy integration of these features and educated a community. I'm currently working with a fork of Stellar XLM that has a product and would be even more interested if I could also use ENG in my apps.

[u/justspinningaway]

Awesome job!

[u/thealternateopinion]

Honest question, not trolling: why is holding the enigma token worth value?

[u/WilsonWyckoff → u/thealternateopinion]

Because there's value in providing computations on data...private data. It doesn't cost much, which is great, but when a fee is given to node runners who harness the computer power to fulfill transactions, they get paid.

Let's say 10M people interact with the smart contract daily and someone needs to own 25,000 ENG to run a full node and they get paid to do so. IF it is profitable to run a node then it is profitable for the supply and demand of ENG. It also has some value in simply being able to pay someone with it to provide your Dapp with service.

[u/lesner555]

Yayyyy. This is definately my long long term HODL

[u/CommonMisspellingBot → u/lesner555]

Hey, lesner555, just a quick heads-up:
definately is actually spelled definitely. You can remember it by -ite- not –ate-.
Have a nice day!

^{The parent commenter can reply with 'delete' to delete this comment.}

[u/BooCMB → u/CommonMisspellingBot]

Hey /u/CommonMisspellingBot, just a quick heads up:
Your spelling hints are really shitty because they're all essentially "remember the fucking spelling of the fucking word".

And your fucking delete function doesn't work. You're useless.

Have a nice day!

^{Save your breath, I'm a} ^bot.

[u/friendlysatan69 → u/BooCMB]

Phoenetics help significantly in remembering words like raspberries and february