Can Kisagun (CPO & Co-founder) about Enigma at Diffusion 2019

TL;DR

Enigma is a layer 2 protocol that enables public blockchains like Ethereum to handle sensitive data and build privacy-preserving smart contracts.

Transcript

hello this is Aaron from our vengeance the organizers of diffusion the multi-protocol hackathon this weekend in Berlin and with me is John kiss a goon of enigma hey John iron hey can you tell me what what is enigma and why are you guys building it yeah pleasure at enigma our goal is to ensure adoption and usability of decentralized technologies the... Read More

Key Insights

• 🍵 Enigma focuses on privacy and security in decentralized technologies by enabling public blockchains to handle sensitive data securely.
• 😫 Their layer 2 protocol allows smart contracts to work with encrypted data sets, ensuring privacy and usability.
• 👤 Enigma's open-source coin mixer provides a low-cost and non-interactive user experience for users.
• 😒 Use cases for Enigma's technology include privacy-preserving smart contracts, running private auctions, and decentralized content management.
• 💦 Developers can start working with Enigma by using their developer test nets and building secret contracts using Rust.
• ♻️ Interoperability with Ethereum is possible by importing Enigma contracts into the development environment.
• 🈸 Enigma's technology has the potential to revolutionize various industries, including finance, content management, and privacy-focused applications.

Questions & Answers

Q: What is Enigma's main goal?

Enigma aims to promote adoption and usability of decentralized technologies by enabling public blockchains to handle sensitive data securely.

Q: How does Enigma's layer 2 protocol work?

Enigma's protocol runs in tandem with Ethereum and allows smart contracts to work with encrypted data sets, ensuring privacy and security.

Q: What are some use cases for Enigma's technology?

Enigma's technology can be used for privacy-preserving smart contracts, running private auctions, and decentralized content management, among other applications.

Q: How can developers start working with Enigma?

Developers can start by using Enigma's developer test nets, where they can build secret contracts using Rust and import Enigma contracts for interoperability with Ethereum.

Summary & Key Takeaways

• Enigma's goal is to ensure adoption and usability of decentralized technologies by allowing public blockchains to handle sensitive data.

• They have built a layer 2 network protocol that runs alongside Ethereum, enabling blockchain functions to work with encrypted data sets.

• Enigma recently developed an open-source coin mixer, which has advantages like low gas costs and a seamless user experience.