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A Decentralized, Open-Source Protocol To Perform Computations.
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Enigma aims to build a private computational platform for decentralized applications, with privacy as a design feature.
Enigma's intention is to achieve a "high level of privacy by executing secret contracts off-chain". The execution of the contract does not occur on the Ethereum blockchain. Instead, it sorts any related data into pieces, encrypts those pieces, and distributes them redundantly among Enigma nodes.
Enigma runs a Proof-of-Work consensus mechanism. Enigma allows nodes to run computations on data, without having access to the raw data itself.
The ENG token is used for accessing all services the network provides.