Long term trend:
Currently sitting on support within the buy zone
The main goal of Enigma is to transform the way that data is transmitted using their network. Many cryptocurrencies offer a safe, decentralized protocol. A decentralized protocol is a data stream that is not controlled by anyone or group. Enigma operates on an off-chain data network and will be able to store a large of information that is securely transmitted and utilizes decentralization to ensure that there is no single point of failure. The promise of Enigma lies in its unique technology that protects privacy of data while still allowing for computation. Nodes in the Enigma network do not see the data they compute over, yet they can publicly prove that they run a computation correctly. This opens the door for a new type of Smart Contracts – dubbed Secret Contracts, where the underlying data processed in the contract remains encrypted at all times Their first product to be launched on the new Enigma protocol is, of course, Catalyst.
Partnerships: Kyber Network, Ether Delta, AION, ETHLend