The Lykke exchange has announced it now lists Enigma. The Lykke exchange announced its new addition on the 14th of February.

Enigma was developed by a group of MIT students and graduates. Its developers describe Enigma as a \"second-layer, off-chain network\". The system was developed to help address some of the issues seen with traditional blockchains, namely threats to privacy and issues of scalability. Traditional blockchains store sensitive data that can be easily accessed and can be costly and slow to run. The Enigma network is a decentralised system that offers users security via a move away from centralisation.

Unlike traditional blockchains, Enigma does not store its user\'s sensitive data in a centralised database. Enigma nodes do not witness the data that is processed. Instead, the data remains encrypted as it is processed. This way of processing can be defined as an alternative answer to the classic crypto Smart Contracts, which Enigma calls Secret Contracts.

The Enigma team state that the tech can be used in a variety of fields, from finance to credit, with the promise that data can be held securely and that user’s privacy will be fully maintained.

The Enigma whitepaper has been popular in crypto circles, with approximately 100,000 downloads taking place since its release.