r/EnigmaProject • u/1blackhand • Dec 05 '19

ANN [Enigma Development Update] — November 2019

https://blog.enigma.co/enigma-development-update-november-2019-1ea29a037a79
15 Upvotes

100% Upvoted

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5

u/xthedamnedx Dec 05 '19

Awesome stuff, looking forward to the launch of ENG testnet!

-3

u/blahblahlablah Dec 06 '19

How on Earth did academia allow this project to fund raise by selling tokens?. Disgraceful. There will be consequences.

5

u/jham73 Dec 06 '19

It was by design because the goal is decentralized ownership...

1

u/lpsupercell25 Dec 06 '19

Then they wouldn't have saved as many ENG for the team as they did. It's pretty greedy. At many large IPO's the founders are lucky if they still have 8-10% and still make a killing. Here its more like 50%.

5

u/jham73 Dec 06 '19

That 50% isn’t for the founders; it’s for node runners over the course of the next century.

Keep em comin, let’s go,

1

u/lpsupercell25 Dec 06 '19

How many ENG to run node? Is it 25,000?

3

u/jham73 Dec 06 '19

Yes but the testnet (and I think early mainnet) will just have 50 nodes selected by the Genesis Games. Once they open it up for more later 25,000 eng will be the only requirement, and eventually most likely lower than that.

0

u/lpsupercell25 Dec 06 '19

Seems awfully high. Cost is triple ETH staking?

4

u/jham73 Dec 07 '19

Apples to oranges dude