Enigma (ENG) Launches Secret Smart Contracts

“IT’S HERE: The Discovery testnet developer release of our protocol is now LIVE! :rocket: With Enigma, smart contracts can finally use encrypted data as inputs: the missing piece to mass adoption. Try out “secret contracts” now with our guides, docs, and more!” Read More — Guy Zyskind, Co-Founder and CEO

Summary

Enigma announced the testnet developer release of the Discovery network, which clears the way for partners to begin building secret contracts that will power their own applications. Contracts built now will be able to be immediately deployed once Enigma is live on Ethereum mainnet.

This update enables privacy for general computations, enabling dApp developers to create significantly more meaningful and secure applications.

Stateful (Encrypted) Secret Contracts are capable of maintaining a state, allowing to persist encrypted data between private computations or different tasks. Thus, stateful contracts enable many more use cases.

Secret Contracts are decoupled from Smart Contracts so that the Enigma network only relies on Ethereum as the consensus layer, but is otherwise decoupled from the requirements and limitations of Ethereum. This means that secret contracts can have their own runtime and programming language (Rust, instead of Solidity).

Significance

This release is a significant step forward for Enigma, which can now permit secret contracts on their platform. It improves security, increases the number of use cases and should generate increased interest from developers looking to build on the Enigma platform.

ENG price at the time of Blockfolio Signal: $0.55. View ENG on Blockfolio.