Enigma Project, a decentralized computation network created by the graduates of MIT Media Lab, announced a new platform ‘Catalyst’ that empowers anyone to build their own decentralized cryptocurrency hedge fund and participate in the coming Renaissance of the financial ecosystem.
Enigma aims to enable developers to build winning investment strategies, which is a strong track record to attract investment from community investors. Enigma released its beta platform in the year 2015 and it is a peer-to-peer blockchain encrypted protocol that allows private and encrypted data sharing.
The Catalyst platform is a playground for developers, quants and traders to build, stimulate and eventually live trade cryptocurrencies with the help of sophisticated programmatic strategies. With the system, regular investors can then invest directly in winning strategies.
“We are also creating a data marketplace to drive better crypto-investment decisions. Algorithmic trading, and in particular, strategies based on AI models, are only as good as the input data fed to them. The ecosystem surrounding crypto-markets is still in its early days and relevant data sources are scarce and fragmented. In order to level the playing field with mature financial markets, we will create a data marketplace for the blockchain ecosystem driven both by our team and the community,” the official blog post stated.
Catalyst is a protocol as well that bridges existing and future exchanges into a single, decentralized system, which is fast, scalable as well as keeps users in control of their funds.
