About Enigma (ENG)

Overview

Enigma (ENG) began as a project at MIT and has since developed into a blockchain platform that is pushing the boundaries of data privacy and scalability. Enigma's protocol enables "smart contracts" like those that you can build on Ethereum or Neo's networks to become "secret contracts'. In essence, this hides the input data from the computational nodes on the Enigma network. While a standard contracts data exists on every copy of the blockchain the "secret contract" functionality enables truly private, decentralised data.

Technology

Enigma enforces the privacy of data on the network by using multi-party computation (MPC). MPC shares the data queries sent from the origin in a distributed way ensuring that no single node has the full picture. Enigma manages to split the data while ensuring that the required computations are completed by the network as a whole rather than a single node. Thanks to the protocol layer that Enigma is built on, the network does not have to be weighed down by the storage of information and can instead focus primarily on the computation of the data that it is fed. Enigma believes that without privacy, smart contracts cannot use sensitive data. Their approach allows individuals to take control of their own personal data while giving developers the tools needed to create private, decentralised dApps.

Future Focus

The privacy and potential for scalability mean that Enigma has far-reaching potential use cases ranging from personal data privacy, healthcare, genomics, credit and the IoT to name a few. The team has already released their first application, Catalyst, a data-driven crypto trading platform powered by Enigma. For more information regarding Enigma visit the official site or roadmap.

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

POLI - internet banking

POLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

Buy Enigma (ENG)

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22013

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Storing your coins with Wallets

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

Pay with POLI. Its fast!

POLI - internet bankingPOLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

About Bitcoin

Bitcoin (BTC) is a form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Transactions are stored on a distributed, immutable, online, public ledger known as a blockchain. Bitcoin was the first truly decentralised cryptocurrency which was created by a programmer under the pseudonym Satoshi Nakamoto and was released in 2009. The system is peer-to-peer, verified by network nodes and recorded in a public distributed ledger called the blockchain. Bitcoin can be exchanged for other currencies, products, and services with over 100,000 merchants and vendors accepting bitcoin as payment. Bitcoin can also be held as an investment. There are only a fixed number of Bitcoin will ever be mined (21 million), it’s not controlled by any one government or central bank, and there’s no such thing as quantitative easing or fractional reserve banking. These qualities make Bitcoin excellent as a store of value and a long-term safe-haven asset, similar to gold.

A Bitcoin success story that went viral on social media is Kristoffer Koch from Norway. Koch invested around $27 in Bitcoin in 2009 and then forgot about it for four years. He remembered about his Bitcoin wallet in 2013, which had then grown in value to $886,000.

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Due to the price of sending and sourcing BTC the minimum order is $500.00.

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