The utility of Enigma Catalyst and data markets
The utility of Enigma Catalyst
Enigma with it's technology breakthrough is promising to offer the first truly decentralized secure data market place. This enables Catalyst which can use the best data sources for improving trading algorithms. Algorithmic trading relies on a lot of data because machine learning requires much data. Quality data can result in quality decision making by trading bots so this has implications for trading.
At the same time it may also have implications for Steemit in the future as data markets also have a place in Steem which requires data as well. The main problem with Steemit SMTs or ICOs in general is we do not yet have an automated fundamentals analysis mechanisms to determine which tokens are safe to add to the buy whitelist and which are likely scams. As Enigma becomes more useful it can help the entire crypto community self regulate the ICO market place by using a data market + AI technology.
What exactly does Enigma do?
they are a platform that provide data research for crypto trading, check their website for more info
www.enigma.co
i would say its a step in the right direction, decentralising the data makes it hard to alter it as some organisations do with their algorithm to make people want to trade on there platform . with block chain going mainstream this will be the norm as more and more people move to blockchains, let me check their website to learn more about their plan
I have been reading your post in a very long time. Your posts are very good and you also have a new photo of new ones in steamit. Thank you. Please also give me upvote
Yes, machine learning requires much data. Trend analysis also help for quality data. Thanks for sharing valuable information.