Enigma, the startup seeking to bring privacy to the world of public blockchains, is delaying the launch of its mainnet as part of a wider reworking of its developmental roadmap.
The company had previously planned to deploy its âDiscoveryâ protocol on the live ethereum network or âmainnetâ â it launched on an ethereum âtestnetâ over the summer â by the end of the third quarter. According to a blog post published Thursday, that plan has changed in the interest of building out the Enigma ecosystem and continuing to work with the projectâs stakeholders.
âWe have decided to extend our initial timelines and focus on working with our partners to grow our ecosystem, expand Enigmaâs capabilities, and build secret contracts,â the team wrote. âImportantly, we will keep a strong focus on acquiring and onboarding new launch partners between now and a mainnet launch â and you can stay tuned for more news on this front.â
When reached for comment, Tor Bair, Enigmaâs head of growth and marketing, reiterated that reasoning, telling CoinDesk:
âFrom my perspective, the decision to delay a mainnet release means weâll be able to achieve our long-term mission faster of supporting global adoption of dApps. Given our focus, itâs not a delay at all â itâs actually an acceleration towards our primary mission. It means weâre building a healthier, larger ecosystem sooner. Itâs an easy business decision and a difficult communication.â
Bair also criticized the focus on deadlines, arguing that âdates make for speculation.â
âHonestly, the addiction to âwhen mainnetâ isnât healthy for protocols. Itâs like demanding quarterly earnings from public companies, except weâre an early stage startup and we have to ship high-stakes code instead of just revealing a balance sheet,â Bair went on to write. âWe have no intention of shipping something without having immediate adoption, and we want to minimize risks for the projects who will depend on us.â
Enigmaâs roadmap is notable for its complexity, with several different âmainnetâ launches planned over the next couple of years. Discovery would mark a milestone in deploying Enigmaâs âsecret contractsâ to the live ethereum network. Secret contracts, in contrast to normal smart contracts, conceal the data theyâre processing, potentially allowing decentralized applications to handle sensitive personal data such as financial and medical information.
Last month, Enigma revealed exclusively to CoinDesk eight launch partners that planned to deploy the Enigmaâs secret contracts following Discoveryâs launch.
Discovery represents an intermediate step towards Enigmaâs ultimate goals, however, with subsequent releases â âVoyager,â âValiantâ and âDefiant,â each with their own testnet and mainnet stages â incorporating technology such as multiparty computation, further decentralizing the Enigma protocol, enabling it to scale more effectively, and transitioning it to its own blockchain.
Rows of keys image via Shutterstock