Enigma, a blockchain-based data privacy startup, has officially launched its second blockchain testnet for Ethereum (ETH) developers. Originally, the code of the new testnet has been around since last week, however, the official full launch only happened today. Now, the developers are able to see the full documentation and the guidelines to use the technology.
Tor Bair, the Head of Growth and Marketing at the company, was also recently interviewed by Coindesk after the launch of the product. He talked about the odd decision to release a second testnet, something that not many companies have done so far in this industry.
According to him, this new testnet will be very important for the developers who are interested in launching something that is called “secret contract”. Secret contracts are one of the most important features of this technology.
The goal of Enigma, which was created by MIT Media Labs, is to create a fully secure environment in which people will be able to process any kind of private or sensitive data with end-to-end encryption, this way, their information will not be shared with anyone else.
With the help of these new secret contracts, people can use encrypted data with off-chain computations that will use this protocol. With the launch of testnet, the developers can finally start to develop on top of this open source tech, so some apps will already be ready when the mainnet is finally deployed. The network, which is called Discovery, will be launched soon.
According to Bair, the company is focused on releasing the testnet now so the developers who are already interested in the program can start building the code when Discovery is finally launched, this way, they will have interesting apps right out of the door.
He also added that, unlike last year’s launch, which had the first testnet, this one is identical to the one that will be publicly launched next year, which is another move that was created in order to help the developers in having a better experience.
What Will Be The Future Of Enigma?
Obviously, the most important step for the company is the actual launch of its own public network, the mainnet. However, the launch that was made today should not be fully ignored, as this was a very important development in order to create the third-party products that will form the backbone of the company.
Enigma was able to gather $45 million USD back in 2017. Originally, the Discovery network was supposed to be originally launched back in September last year, however, some reasons led the developers to postpone the launch.
Bair affirmed that the team wants to make sure that the network is fully stable and that everything is working before the launch. Now, the company is set on launching its genesis nodes, the first nodes that will run the network when it is launched. The idea is that more nodes will be added in a decentralized manner later.
In a fashion that is pretty much like Bitcoin, these nodes will use a proof of work system. They will “mine” tokens and will be rewarded with them later for giving their own computing power to the network.
However, only the first 50 nodes to be whitelisted will be the ones that can be considered genesis nodes. The other ones will have to wait. This, Bair believes, will be important in order to enable only the ones that stand out to continue their work to support the ecosystem.
Some people and companies are already running nodes in exchange for ENG tokens, however, only the best ones will continue. According to Bair, the company is already making an effort in order to launch the mainnet soon and the release may happen in 2019 (or in 2020, in case there are more delays).
Author: Gabriel M