Enigma Project Announces ‘Catalyst’ a Decentralized Hedge Fund PlatformOn June 6 the MIT Media Lab graduates who created Project Enigma announced a new platform called ‘Catalyst.’ The financial application claims to “empower anyone” to build their own decentralized cryptocurrency hedge fund.
Enigma is a peer-to-peer blockchain encrypted protocol that allows private and encrypted data sharing. The project made headlines in 2015 when it released its beta platform and has received backing from organizations like the Digital Currency Group, Floodgate, MIT, and Converge. The project was named after the Enigma machine, a cipher tool used during World War II. The Enigma project was created by Guy Zyskind, Conner Fromknecht, and Can Kisagun. The Enigma founders say that the project’s core foundations and inspiration come from Bitcoin.
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