June 16, 2018 - Comments Off on Technology Fridays: Enigma Solves The Two Biggest Issues for the Mainstream Adoption of Blockchains

Technology Fridays: Enigma Solves The Two Biggest Issues for the Mainstream Adoption of Blockchains

Blockchains might be the most ground-breaking technologies in several generations but its mainstream adoption remains relatively limited compared to other technology trends. The blockchain community is very aware that there are several challenges that need to be solved in order to streamline the adoption of blockchain technologies. Among those challenges, none two are more important than privacy and scalability.

There are several efforts within the blockchain community that are trying to address these issues but most of them rely on creating brand new blockchain infrastructures. A few years ago, security researchers from the Massachusetts Institute of Technology(MIT) Media Lab published a paper that outlined a different computation model that can solve those two problems for any blockchain. They called the technology Enigma presumably in honor of the German cryptographic machine used to cipher messages during World War II that play an important role in the beginning of computer industry. A few months after, the MIT team decided to venture beyond the academy a launched Enigma in order to bring privacy and scalability to any blockchain.

Published by: Ariel Glaz in Uncategorized

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