Enigma and Catalyst now seperated: project will be making announcement in New York

03 May, 2018
by Jelmer van der Dussen
News
Enigma and Catalyst now seperated: project will be making announcement in New York

The Enigma project has rebranded. Formerly known as Enigma Catalyst, the project will now seperate Engima and Catalyst as two different brands.

Enigma is a blockchain-based protocol that uses privacy technologies to enable scalable end-to-end decentralized applications, turning smart contracts into secret contracts.

Catalyst, the first application built to run on the Enigma protocol, is, as Enigma states in an announcement, 'an algorithmic trading library for crypto-assets written in Python. It allows trading strategies to be easily expressed and backtested against historical data , providing analytics and insights regarding a particular strategy’s performance.'

Next to Catalyst and the recently launched Data Marketplace, Enigma can enable thousands of 'truly decentralized applications for industries that cannot use dApps due to their current failure to protect data privacy'.

Now the Enigma project has decided to seperate Enigma and Catalyst as two different brands. Trading platform Catalyst will now be a brand on its own, with its own social media channels, while the Enigma project will now truly be called Enigma.

Announcement
Enigma CEO Guy Zyskind will be making an announcement at Consensus, the conference held in New York later this month.

Enigma is now trading for $3, with a market cap of more than 220 million USD.

Read more about: Enigma (ENG)

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