• Bitcoin(BTC)$62,046.00
  • Ethereum(ETH)$3,073.53
  • Tether(USDT)$1.00
  • BNB(BNB)$581.09
  • Solana(SOL)$142.70
  • USDC(USDC)$1.00
  • XRP(XRP)$0.53
  • Lido Staked Ether(STETH)$3,069.53
  • Dogecoin(DOGE)$0.140645
  • Toncoin(TON)$5.73

The testnet of private smart contract network Enigma has been launched, the developers announced in a Medium post published on June 11.

Per the announcement, the test network, dubbed Discovery, allows developers to start developing their decentralized applications (DApps). Furthermore, contracts hosted on the Discovery testnet will reportedly be immediately deployed on the Ethereum (ETH) network once Enigma has been implemented on the mainnet.

The newly launched network reportedly enables privacy for general computations, which enables DApp developers to create secure applications, according to the post.

The author of the post further notes that the developers have been using and modifying the network for three months and are now releasing it as open source software. The Enigma network relies on the Ethereum blockchain for consensus, but it hosts independent smart contracts written in a different smart contract (Rust, instead of Solidity.) As well, Enigma smart contracts are reportedly capable of calling any function of any Ethereum smart contract.

As Cointelegraph reported at the time, Enigma announced its partnership with chip manufacturing behemoth Intel on privacy research in June last year. Cointelegraph has also previously spoken with Enigma founder and CEO Guy Zyskind about the partnership, with Zyskind noting that they planned on making blockchains even more trusted and permissionless.

At the end of May, big four auditing firm EY open sourced the code of its Nightfall Ethereum private transactions solution and released it on GitHub.

Source: Cointelegraph.com

Crypto Investing Risk Warning

Crypto assets are highly volatile. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest.
This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Read the full disclaimer

Newsletter

Sign up to receive the latest crypto breaking news in your inbox, every day.

I agree that my data is used according to the privacy policy

Check your inbox or spam folder to confirm your subscription.

Breaking crypto news about Bitcoin, Ethereum, Blockchain, NFTs, DeFi and Altcoins. Get instant notifications 24/7 as soon as a new article is published.

Exit mobile version