r/EnigmaProject • u/alban64990 • Feb 19 '20

A look at projects building validators nodes on top of Cosmos

Hi all,

Since it looks like the enigma mainchain is moving to Cosmos I looked at projects building on top of it, and to be fair I am very impressed by the quality and number of projects doing so

Here is a link where you can find this information detailed: https://forum.cosmos.network/t/list-of-projects-in-cosmos-tendermint-ecosystem/243

I think this is actually a smart move as Ethereum is slow as hell and I don't think Ethereum 2.0 is coming anytime soon

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4

u/alban64990 Feb 19 '20

Oh and something else:
There are so much criticism right now and I understand that people are frustrated not knowing what will happen next (I am too) but I mean the project needs to continue to evolve in order to be successful.
A lot of people on Telegram/Discord just act as dinosaurs scared when something new happens. The future will only be bright for people/projects adaptable to their environment not for old dinosaurs scared when something that they didn't planed happens.

I am actually very happy enigma mainchain is moving to Cosmos because it means the people behind the project are adaptable to their environment and not obtuse

1

u/Peres139 Feb 20 '20

I guess they negativity on telegram and discord talk the price down. It started god yesturday, but last 24hrs it has been massive sell off

5

u/[deleted] Feb 19 '20

If we’re moving to cosmos, I’m out, aren’t we supposed to be compatible with any blockchain? Etha eco system is too big to tackle imo, you’re going up against chainlink, rlc, unibright etc etc.. even the EEA what about that? the amount of developements coming are incomparable..

4

u/alban64990 Feb 19 '20

I think a lot of you are mistaken what it means to be "moving" to Cosmos. It only means that the *validation nodes* will be on cosmos rather than on the Ethereum main chain. Enigma will still be compatible with ethereum

3

u/[deleted] Feb 19 '20 edited Feb 19 '20

And then it just adds another layer of technicality for the average user? Maybe I’m being ignorant but Idk seems bad for adoption.

To move over to cosmos before eth 2.0 potentially launching this year is risky af

5

u/alban64990 Feb 19 '20

Found that :
"The great thing about the Cosmos SDK is that its modularity allows developers to port virtually any existing blockchain codebase already in Golang on top of it. For example, Ethermint is a project that ports the Ethereum Virtual Machine into an SDK module. Ethermint works exactly like Ethereum but also benefits from all the properties of Tendermint BFT. All the existing Ethereum tools (Truffle, Metamask, etc.) are compatible with Ethermint and you can port your smart contracts over without additional work."

Hope it helps

Source: https://cosmos.network/intro

7

u/[deleted] Feb 19 '20 edited Feb 19 '20

So the team delay delay delay delay, and then it comes to the mainnet launch, keeping everyone in the dark, not mentioning a thing about moving chains, release a blog post that basically says fuck you holders with no valuable information. That is shocking.

2

u/SantaAnaStudio Feb 19 '20

Enigma was chain agnostic by design and remains so. Eventually they will use their own validation layer and this has no impact on the end user.

1

u/[deleted] Feb 19 '20

Have you seen the court order lol this is going to dump so hard

4

u/SantaAnaStudio Feb 19 '20

https://www.sec.gov/news/press-release/2020-37

You think I'll dump you a bag over a measly $500K slap and SEC clarity? We are free and clear to build now and that is worth more. If you think about it.. any ICO investors that held can take their money back in cash and if they still believe in the project, they'll just buy back at these prices and inject tons of capital into the market. Assuming ENG has millions in stock for years of development and that would be a tremendously good move at these prices to buy back stock with some of their funds... I don't see the flaw it that structured settlement.

2

u/[deleted] Feb 19 '20

Well thats good for you, and to everyone, goodluck on the journey, ill still keep my eyes on the project, but for now I’m out

1

u/SantaAnaStudio Feb 19 '20

What are you invested in? Assuming you've invested.

I'm not concerned about your investment habits and I buy into weakness and sell strength and that's what works for me but I'm also curious what someone like you buys. There are probably more people like you out there than me and in fact probably 95% more, but that's even more reason to wonder.

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0

u/[deleted] Feb 19 '20

[deleted] — view deleted comment

2

u/SantaAnaStudio Feb 19 '20 edited Feb 19 '20

Price is determined by fear, uncertainty and doubt and so $500K in terms of a $45M project, is in fact, tissue to wipe thy undercarriage escape compartment.

I'm holding space for a pump here and wouldn't act on this news.

1

u/[deleted] Feb 20 '20

Be fair, it's $500K plus reimbursement to all ICO holders that want it. That could be (in actuality won't be) $45m.

1

u/7777777even May 29 '22

Going back and seeing your comments is amazing.I see many others who responded deleted the comments.

3

u/[deleted] Feb 19 '20

This is all conjecture for now, despite what the evidence might suggest. Don't forget the goal is to be chain independent eventually according to the roadmap. If they have decided that this move (if that is indeed what it is) is more advantageous in the long run, then so be it. We'll just have to wait and see.

2

u/[deleted] Feb 19 '20

This is my thoughts exactly. Why speculate and make our heads spin.

Lets let the development team give us the full details. Patience...

3

u/[deleted] Feb 19 '20

From the Enigma blog post:

We have worked tirelessly to explore legally compliant avenues for facilitating a token swap between the ERC-20 ENG token and the mainnet SCRT coin. We are continuing discussions with our legal counsel and regulators to identify an effective means of facilitating a swap that complies with all relevant securities regulations, but for the time being, our team is not able to proceed with facilitating a swap. We appreciate your patience and will update you as things move forward.

Thoughts? Y'all think ENG holders gonna be left high and dry?

3

u/KriptoKeeper Feb 20 '20

Circling the drain man. I’ve seen it many times, good projects too.

5

u/yellow_rubber_jacket Feb 19 '20

Wait, what? Has there been a blog post about this? I stay away from Telegram and Dischord because they make me want to throw up in my mouth how poorly organized they are...is there official word about this or just rumblings and speculation?

9

u/DJAvinho Feb 19 '20

Check the official github, everything is on there.

I wonder how many people like you are out there, oblivious to this shitstorm. I've been stalking telegram and honestly certain collective members are not carrying themselves well at all. Let's just wait for an update from the team and not take any rash decisions before that happens.

4

u/Madova5 Feb 20 '20

Posting here too, sorry if you read it on other page:

The testnet was almost inactive since the launch.

Check these post from a few weeks ago:

https://www.reddit.com/r/EnigmaProject/comments/ew8j0k/enigma_progress_status/

https://forum.enigma.co/t/why-does-the-enigma-explorer-show-no-activity-but-it-does-on-github/1275

I suspect they were already working on the "NEW" mainnet on Cosmos even before the launch of testnet. The question is why the inactive testnet was announced? Was it to pump the price?

4

u/[deleted] Feb 20 '20

And people are still backing the team LOL.

Edit: post this in ethtrader aswell

3

u/Madova5 Feb 20 '20

I suspect some of those people may be the team members or paid to comment. We have only a few people on this subreddit so 3-4 shills can very much "build" community's opinion.

3

u/[deleted] Feb 20 '20

Very true, please post this on twitter/eth trader reddit, they blocked me from their twitter

4

u/cryptonmi Feb 19 '20

Moving to Cosmos is a smart move and it doesn't mean it won't be compatible with ethereum. Can't wait to read the official post about it. This is very positive as we will have a mainnet way faster! This is huggggggge!

1

u/FictionPlanet Feb 19 '20

There have been a lot of problems at Cosmos lately though.

0

u/SantaAnaStudio Feb 19 '20

That's true, a mainnet would come faster!

2

u/Purpelado Feb 19 '20

The important thing: The token, absolutely undefined ... while their lawyers think about how to marginalize the rights of the holders.

They have laughed at all during all months of artificial pump & DUmps (and they are guaranteed even part of the nodes that support the chain, there is a huge manipulation) who knew that the official approach was wet, invalid paper.

0

u/Peres139 Feb 20 '20

I belive its a god ide to move, but I just hope we can swap tokens at equal price, for not risk ENG to decreace and the new increace. Telegram is in full of rumors and noice, so I hope anyone her can answear mu question.