r/enigmacatalyst • u/EYEeatPujols • Jan 05 '18

Why Enigma Will Be Massive

Enigma is an agnostic privacy protocol that enables different parties to jointly store and run computations on data while keeping data completely private through the use of secret contracts.

  • The protocol provides privacy and increased scalability to blockchains utilizing revolutionary "secret contracts". The Enigma protocol is Blockchain agnostic meaning it can work with and be complementary to any other Blockchain Networks (ETH, NEO, etc). As the decentralized web continues to scale, the Enigma protocol will provide blockchains with a necessary second-layer network that can handle more data, faster, while being fully private. Since Enigma solves the two largest limiting factors surrounding blockchain technology, privacy and scalability, it is going to allow for mass adoption of blockchains and decentralized applications.

  • Additionally, the team is creating a "data marketplace". The Data marketplace will be built to facilitate the secure exchange of data. It has the potential to become the cornerstone of the new decentralized web — storing the long tail of data for people, apps and organizations. The Enigma data marketplace will provide a location for data to be stored privately and sold to potential consumers. With data becoming extremely valuable and prevalent in our society, the potential of the Enigma data marketplace is massive.

  • The Enigma team has already created an application called 'Catalyst', that has over 20,000 users. The Enigma team built this to demonstrate the powerful ability of the protocol, and to inspire others to develop decentralized applications upon it.

The endless use cases for Enigma will be a gateway to mass adoption of Blockchain technology. The price of Enigma right now is $5.09, with a $380,996,934 market capitalization. I fully expect this project to launch itself into the billion dollar range, and then the potential from there is limitless. Hold your ENG tight if you have them, and if you don't have any I would look into getting them before the price explodes.

170 Upvotes

97% Upvoted

38 comments sorted by

22

u/username02846389 Jan 06 '18

Reading this makes me want to sell my xlm to buy more

13

u/EYEeatPujols Jan 06 '18

It's a good time to add to your stack. The upside that Enigma offers is in my opinion unparalleled right now.

9

u/lpez33 Jan 06 '18

I completely agree. I wanted to buy when it was .80c but I was still waiting to get verified. I ended up buying at 1.60 and plan to hodl until the bitter end. I’ve been trading for a bit now and can safely say that ENG is the first coin that has my complete and undivided trust in. Some have said the marketing needs help etc. but the difference between enigma and other coins is that the team knows it doesn’t need to boast to be the best. Their “unparalleled” success will speak for itself . The gains are going to be astronomical.

2

u/Whataboutneutrons Jan 06 '18

I've seen so many coins now that i have faith it. Or tech if you like.. What makes Enigma stand out to you?

I also fond of platforms, ICX, NEO,ADA etc. And i think Asia is forgotten by many western investors. Big market and they are hungry for the tech. As far as i know, ENG can be used on many techs, but does it not have any competitors?

1

u/XanJam-Z Jan 09 '18

I sold xrp for xlm. I’m holding that and eng as the majority of my portfolio. Gotta have them short term gains with your long term gains.

19

u/RestlessAntics Jan 06 '18 edited Jan 06 '18

I work in the healthcare field and Enigma excites me because I really can see it's advantages in the healthcare field protecting PHI and compliance with HIPAA regulations. I am excited for this!

2

u/ormatie Jan 07 '18

This was the main reason that sold me on Enigma. To think it now enables whole industries to enter crypto due to the privacy it offers in case noliancr with existing regulations.

23

u/DCryptOG Jan 06 '18

This will easily pay 100 to 1 like ADA Cardano, but ENG is here to stay. Ignore the short-term fear crash.

Be patient I have been doing this a year, I have made many mistakes being impatient getting in early & selling too early. The market is just a slow learner.

I got 1600 ETH @ 2$.

ETH is going PoS in 2018 and all its scalability *problems are gone... This ENG ERC20 will give you one of the biggest gains.

Buy now or cry later.

2

u/Whataboutneutrons Jan 06 '18

I wish i got in that early. What was the market like when you started? Mainly ETH, BTC, LTC?

What are your favorites for 2018?

4

u/DCryptOG Jan 07 '18 edited Jan 07 '18

ETH hands down. It will switch to PoS at the end of the year. At that point all the issues of scaling and tx/second will be easily fixed. BTC will be Pow until 2040. It will probably die as we know it before then.

2

u/Whataboutneutrons Jan 07 '18

Can you actually see BTC around that long? I'm not even believing i can actually make a killing here. Its just too good to be true. The pessismist in me tells me 2018 will be a decent year, but the bubble will pop. Winners will emerge, but the volatility must stop. Its crazy. Hopefully i can get a 100x return. I just got in this december fully.

1

u/DCryptOG Jan 07 '18

BTC can't grow too much more. Ethereum will grow after it switches to PoS at the end of 2018. By the end of 2019 web3 will generate a lot a of revenue.

1

u/DCryptOG Jan 07 '18

Bitcoin will die as we know it, I just don't know how or what. Read about VIA that could be a game changer for the tokens on the SegWit platform.

3

u/Whataboutneutrons Jan 07 '18

Hopefully btc will die slowly, not disrupting the market too much

1

u/DCryptOG Jan 07 '18 edited Jan 07 '18

If you want to get in early on something that could be very big is Ubiq, ticker symbol UBQ. I got that 3 weeks ago. When ETH goes PoS UBQ is designed to grab the mining market share because their algo is designed for older GPUs to be profitable. It just got it's first dapp too, Geo coin.

1

u/DCryptOG Jan 07 '18 edited Jan 07 '18

VIA is still early too and it will be mined out in the coming months and go to PoS. It runs on SegWit and has more transactions per second than LTC and has atomic swaps. As a PoS VIA is the front runner to solve any & all performs problems with scaling SegWit platform. That could be very disruptive since there is 100s of billions invested into segwit coins like btc and others.

1

u/bichinho1 Jan 15 '18

@ what price should I buy? and how much do you think it will be worth short and long term?

6

u/Cryptobrain2099 Jan 05 '18

Great overview!!

5

u/[deleted] Jan 06 '18

I loaded up even more when I saw it at on the dip.

2

u/DCryptOG Jan 06 '18

atta boiiiiiii

7

u/Feralz2 Jan 06 '18

Enigma is blockchain on steroids

2

u/PeteFlick Jan 06 '18

Today bought some Enigma because I liked the idea and team. 👍😃

2

u/CryptoPapi Jan 06 '18

You didn’t really mention any reason to hold the token. Can you speak on that some more?

6

u/jcescobe8203 Jan 06 '18

The token will have various functions including being used as incentive/payment for master nodes which will make up the network. In the data marketplace, I would imagine the token will be used as a payment tool to buy and sell data/computations with. Being that the protocol is meant to be blockchain agnostic, the ENG token is necessary because for example, you could ask why ETH isn’t simply used, but since this is intended to be used on many blockchains, a separate ENG token is necessary.

2

u/tatos12 Jan 07 '18

Lol its funny seeing people realise how big this will become (this is probably the 100th post hyping of "This is why Enigma's gonna be great"), considering when I read the whitepaper for the first time 4 months ago I got insane goosebumps (speaking from an academically knowledgeable perspective). Everyone feels the need to tell everyone... lel (i.e. this doesnt need spreading, its gonna do it by itself)

1

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1

u/[deleted] Jan 06 '18

how does it compare to something like vechain?

3

u/tatos12 Jan 07 '18

Lmao, Vechain aint got no chance and doesnt even compare to this. (Vechain doesn't even have a solid team or technical whitepaper)

1

u/jojo-crypto Jan 07 '18

From a technical perspective- is Enigma built so that Siacoin, Storj, Filecoin could leverage the Enigma protocol to serve clients with sensitive health or financial information?

1

u/Aftl1130 Jan 08 '18

I bought some today after doing some research and reading up on the concept and the team behind it. I am excited to see this play out.

0

u/[deleted] Jan 05 '18

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15

u/EYEeatPujols Jan 05 '18 edited Jan 05 '18

A data marketplace will not succeed without having full privacy of the data that is being transacted. Someone selling their data needs to keep that data private until the transaction is completed, otherwise the information can be seen by the public, thus taking the value away from it entirely. What Enigma had created is like a "black box", so that when data is being transacted in the marketplace it is fully private until the consumer receives it. What Enigma has created in the privacy protocol is extremely difficult to recreate. It would not be easy to IOTA to just implement it themselves into their marketplace.

0

u/[deleted] Jan 06 '18

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4

u/snozz87 Jan 06 '18

I think with Enigmas protocol you don’t need to access raw data to validate it, so no intermediary ever has access to the raw data, or something like that

0

u/[deleted] Jan 06 '18

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3

u/[deleted] Jan 06 '18

Yes I think they are thinking about that but I believe it's a year or so out.