• About
  • Advertise
  • Privacy & Policy
  • Contact
Cryptos Valuator
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges
No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges
No Result
View All Result
Cryptos Valuator
No Result
View All Result
Home News

Enigma (ENG) Set for TestNet Launch, Could Beat Ethereum’s Privacy Problem

July 2, 2021
in News
0
Enigma (ENG) Set for TestNet Launch, Could Beat Ethereum’s Privacy Problem
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

 

Enigma is an off-blockchain network aiming to bring privacy and scalability to any blockchain, allowing for secure and decentralized data computation. Although Enigma isn’t a blockchain platform, Enigma can be used by any blockchain platform to crunch off-blockchain data on decentralized network nodes.

Enigma’s team has scheduled the launch of their testnet for Q2 2018, so the team has until June 30 to launch their testnet.

What Is a Testnet?

A testnet is an early version of a platform – like a blockchain before it’s ready to be fully launched to the public. A company will typically launch a testnet to make sure their platform is working as intended. It’s the last major step before a main network – or mainnet – launch.

A cryptocurrency company may release coins or tokens on their testnet. These tokens have no real value. They’re not the same as mainnet tokens, which will be launched when the full platform is available. Typically, the public is able to freely access the testnet. It’s a public launch of the platform with many of the features you can expect on the full version of the platform.

Earlier in March, the team at Enigma released their roadmap and outlined one ambition- to see cryptocurrency regain privacy. In their blog, they pointed out that “Blockchains without privacy are useless. Smart contracts without privacy are useless. If these technologies cannot work without privacy, then new privacy technologies are the truly useful innovations.”

Enigma (ENG), which seems to have a cult following, can be solved if you think about how the fact that Smart Contracts data are public limits their usability. And, also, if you are sympathetic to the idea of the scalability problem being solved in a simple, clever way. Enigma is a protocol, a second-layer solution to be added to other blockchains, not your usual blockchain platform.

In platforms like Ethereum, all information, like smart contracts and data related to dApps, although pseudonymously, are fully available for any node wanting to check them, and couldn’t possibly be another way, as they’re not centrally executed.

Now this pseudonymous aspect has always been considered mostly acceptable in simple cryptocurrency blockchains, but for smart contracts, where more significant information is shared, it becomes a greater hinder.

Previous Post

Top 10 Ethereum DApps That You Shouldn’t Miss Out On

Next Post

Another Bitcoin Fraud in India, Case Filed Against 7 in Thane

Next Post
Another Bitcoin Fraud in India, Case Filed Against 7 in Thane

Another Bitcoin Fraud in India, Case Filed Against 7 in Thane

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 111 Followers
  • 23.5k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Venezuela Considers Proposal to Include Bitcoin in Central Bank Reserves

Venezuela Considers Proposal to Include Bitcoin in Central Bank Reserves

June 23, 2021
Newegg Expands Bitcoin Payment Option To 73 More Countries

Newegg Expands Bitcoin Payment Option To 73 More Countries

July 4, 2021
World of Ether Goes Live on Ethereum Mainnet, Soon Becoming Top Ranked Crypto Game

Black Friday Drags Crypto Market Down, Bitcoin & Ethereum Price Plunges

August 4, 2021
World of Ether Goes Live on Ethereum Mainnet, Soon Becoming Top Ranked Crypto Game

Enterprise Ethereum Alliance Opens Regional Office In South Korea

August 6, 2021
UPbit Audit Reveals That South Korea’s Cryptocurrency Exchange is Not Guilty

UPbit Audit Reveals That South Korea’s Cryptocurrency Exchange is Not Guilty

Goldman Sach’s Cryptocurrency Startup Circle Raises $110 Million Led By Bitmain Technologies

Goldman Sach’s Cryptocurrency Startup Circle Raises $110 Million Led By Bitmain Technologies

NASDAQ-Powered Crypto Exchange To Go Live in June 2018

NASDAQ-Powered Crypto Exchange To Go Live in June 2018

Why is ZCash Price Rising ? | Latest Crypto News

Why is ZCash Price Rising ? | Latest Crypto News

BTC and ETH Suffer Further Price Drops Following $110M Liquidation

Bitcoin Drops Near $27K, Altcoins Post Double Digit Losses With 1 Billion Worth Liquidated; Here’s What Might Be Next

May 20, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

Terra’s Co-Founder Suggests a Hard Fork To Save the Terra Ecosystem

May 19, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

El Salvador Hosts Central Banks To Discuss the Bitcoin Rollout

May 19, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

The Cryptocurrency Market Flashes Contrarian “Buy” Signal, When Is the Best Time To Buy Bitcoin and Altcoins?

May 19, 2022

Recent News

BTC and ETH Suffer Further Price Drops Following $110M Liquidation

Bitcoin Drops Near $27K, Altcoins Post Double Digit Losses With 1 Billion Worth Liquidated; Here’s What Might Be Next

May 20, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

Terra’s Co-Founder Suggests a Hard Fork To Save the Terra Ecosystem

May 19, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

El Salvador Hosts Central Banks To Discuss the Bitcoin Rollout

May 19, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

The Cryptocurrency Market Flashes Contrarian “Buy” Signal, When Is the Best Time To Buy Bitcoin and Altcoins?

May 19, 2022
Cryptos Valuator

Follow Us

Browse by Category

  • Altcoin News
  • Bitcoin
  • Bitcoin News
  • Blockchain
  • Blockchain News
  • Business
  • Coins
  • Cryptocurrency
  • Cryptonews Deals
  • DeFi News
  • Economy
  • Ethereum
  • Ethereum News
  • Events
  • Exchanges
  • General
  • ICOs
  • Industry Talk
  • Markets
  • News
  • NFT News
  • Opinion
  • Press Releases
  • Regulation
  • special site
  • Sponsored
  • World

Recent News

BTC and ETH Suffer Further Price Drops Following $110M Liquidation

Bitcoin Drops Near $27K, Altcoins Post Double Digit Losses With 1 Billion Worth Liquidated; Here’s What Might Be Next

May 20, 2022
Cryptocurrencies Might Be Subject to Global Legislation as Early as 2023

Terra’s Co-Founder Suggests a Hard Fork To Save the Terra Ecosystem

May 19, 2022
  • Terms & Conditions
  • Privacy Policy

© 2021 Cryptos Valuato

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges

© 2021 Cryptos Valuato