Guy Zyskind the CEO and co-founder of Enigma, along with Tor Bear, head of growth and marketing, released Enigma’s first AMA video with some collected questions by fans of the project.

For anyone new, Enigma is a privacy protocol designed to solve issues in blockchains.

1

How much ENG is required for a master node?

The amount of ENG required to run a masternode has yet to be determined. The team wants a number which allows decentralization, but still allows for a meaningful stake.

2

What do you expect to reach in 2018?

The team is going to release their data marketplace, which is phase 1 of their roadmap. Basically, any data provider can serve data through the Enigma data marketplace.

Then, the following goal is to reach the Testnet and Mainnet, which means executing secret contracts at scale (expected to be on the early second half of 2018)

Then, the team will follow up with some real Third Party Applications built on the network (the team is already talking to partners in order to develop this milestone)

3

When will people be able to code some of their own private contracts, even on a Testnet release?

Like previously said, it’s most likely in the second half of 2018.

4

Secret contracts could have major positive impact on blockchain adoption in enterprise businesses across all verticals. Have you discussed Enigma with any business entities?

Enigma is consistently in talks with several partner candidates like business entities, institutions, government and community members. For example, Healthcare is one of the areas Enigma can reshape. The team is opened to communication and partnership with anyone.

5

What will be the cost for storing data in the Enigma network?

This information is not something the Enigma team can say, however, it should be cheaper than current chains.

6

Will Enigma comply with major cybersecurity flaws and standards such as JPPR, HIPA, MIST and others?

It is a major step for Enigma to open the possibility of secret contracts. The real barrier that would keep major companies from using the protocol would be a lack of compliance with cybersecurity standards that they are already starting to keep up with. Enigma technology can help contribute to better compliance and it is already in talks with several companies to do just that.

7

What interest is the Enigma project receiving from other cryptocurrency projects to implement the protocol? How long until another project can fully use Enigma’s potential to secure their data?

Enigma’s project has actually been receiving big interest! The team is talking with a lot of crypto projects at every stage of development, like post-ICO, ICO-presale or announcement stage.

The timing in order for a project to be able to fully use Enigma is the second half of 2018.

8

Are there any plans to create a currency with your own tokens instead of ERC-20 tokens and a Mainnet with those new coins instead of ERC-20 tokens?

There are no concrete plans for that.

Enigma Website

Enigma Whitepaper