The previous two weeks Enigma illustrated average level of activity in the media landscape. An Update on ENG Snapshots and the Genesis Game revealed that the number of secret nodes available when Discovery is deployed on mainnet will be limited to 50 “genesis nodes”. It implies the selection process known as the ‘Genesis Game’: node operators are to begin running secret nodes during the testnet phase of Enigma, then selecting the best-performing nodes during this period. Finally, If you have less than 25,000 ENG, you may be able to work with a custodial or non-custodial staking provider for testnet staking. You will have up to 4 weeks to send your testnet ENG to your preferred custodial staking service provider. Further updates to follow!
Development
Social encounters
A great look at some of the awesome projects being built to preserve data privacy and enable new kinds of applications and solutions, including Enigma.
Enigma is dedicated to creating an off-chain computational environment for any type of data privacy.
“When we talk about computational privacy, it’s going beyond the idea that you can protect the anonymity or the amount of a transaction and you’re actually able to do computations on encrypted data,“ said Tor Bair, head of growth and marketing for Enigma, in a past interview with CoinDesk.
On Tuesday Enigma released its second test network solidifying “the developer experience,” according to Bair, of using the protocol which has yet to see a mainnet launch.
The article covers how Enigma and secret contracts can address privacy and usability challenges for decentralized exchanges.
See also:
Finance
Download it here: http://lumi.onelink.me/Ocjn/twitter
ENG Snapshots
The number of secret nodes available when Discovery is deployed on mainnet will be limited to 50 “genesis nodes”. Genesis nodes must be selected in as fair and permissionless a manner as possible. Enigma’s solution to this was to allow node operators to begin running secret nodes during the testnet phase of Enigma, then selecting the best-performing nodes during this period (as measured primarily by uptime, but also by stake) to become genesis nodes (“Genesis Game”).
To run a node on testnet, you will need to stake testnet ENG tokens. Testnet ENG tokens will be distributed based on your mainnet ENG holdings. Here are some important details based on our current plans:
- You will need to hold your ENG in an address that you control. That means if you are currently holding mainnet ENG tokens on an exchange and plan to run a testnet node, you will need to withdraw these tokens in order to receive your testnet ENG. If you hold your tokens in MEW, MyCrypto, or a hardware wallet, you do not need to take any action.
- Enigma will take snapshots of mainnet ENG holdings over a 30-day window, one snapshot per day at a randomly determined hour. (This is similar to how other projects have conducted token snapshots.) Then the average holdings by address during this window will be calculated — i.e. take the sum of holdings from each snapshot and divide this total by 30. Testnet tokens will then be distributed based on this average holding calculation.
- You must stake a minimum of 25,000 testnet ENG to operate a testnet node and compete in the Genesis Game. (This is equivalent to the minimum stake for a mainnet node.)
- If you have less than 25,000 ENG, you may be able to work with a custodial or non-custodial staking provider for testnet staking. You will have up to 4 weeks to send your testnet ENG to your preferred custodial staking service provider.
- Importantly, if you are selected to run a Genesis Node, you will need to stake an amount of mainnet ENG that is at least the average number of tokens you staked during the Genesis Game. For example: you receive 50,000 testnet ENG tokens based on your average mainnet holdings. You then stake all 50,000 testnet tokens during the Genesis Game. Based on your excellent performance, you are selected to run a Genesis Node. Based on the above, you must stake at least 50,000 tokens to operate your node on mainnet. If you are a custodial staking service provider and your staking amount changes over the Genesis game, you will be required to stake at least the daily average ENG staked.
Timeline
There may be days or weeks between the events listed below.
- Enigma will announce the start and end date of the snapshot window at least two weeks prior to the start date of the window.
- The first snapshot will occur on the first date of the window. The last snapshot will occur on the final date of the window. (Again, snapshots are conducted daily at a random hour.)
- After the window closes, average holdings will be calculated as mentioned.
- Testnet tokens will be distributed based on average holdings.
- The Discovery release of Enigma’s protocol will be deployed on Ethereum testnet. The game will not begin on the day of deployment, in order to give node operators time to set up and test their nodes.
- The Genesis Game begins and runs for a period of 4–8 weeks.
- Genesis Nodes are selected based on their Genesis Score during the game period.
What do I do now?
For security you should keep your ENG tokens in a wallet address that you control — i.e., not on an exchange. For the purpose of participating in the Genesis Game, this is particularly important.
If you hold your ENG on an exchange and intend to run a secret node, you should begin to move your holdings to an address you control. If you already hold your tokens in an address where you control your private keys, there is nothing you need to do at this time.
Roadmap
What’s next?
- launch on a public ethereum test network
- ‘Genesis game’
Rumours
No updates
Social media metrics
Enigma community continues to grow, there is a constant increase in the number of subscribers of Enigma social media channels. However the number of subscribers of Enigma official Telegram chats slightly decreased these weeks.
Telegram — Telegram HQ for the Enigma Project.
Secret Nodes Community Telegram — a community-led group of individuals who care about privacy, data ownership, and are dedicated to supporting secret node runners.
Twitter — Official announcements channel. Average number of retweets is 40 for one post. Publications with 30–100 likes.
Reddit — Threads with 6–20 comments, 10–30 upvotes.
See also:
The graph above shows the dynamics of changes in the number of Enigma Facebook likes, Reddit subscribers and Twitter followers. The information is taken from Coingecko.com
