Research on Enecuum

What is Enecuum?

Enecuum (ENQ) is a digital asset with a market cap of $4.4M. Enecuum is

ranked 1129 in global cryptocurrency rating with average daily trading volume
of $254K. Currently, its price is $0.02. In the last 24 hours the price has
changed by -6.247%. There are 204 015 850 coins in circulation. as of today
11/24/2022.

But what is it really? What is your project based on?

According to what we have gathered: Enecuum is a mobile blockchain
protocol that gives people the opportunity to be part of the world of
decentralized finance. By connecting to the global network via a smartphone,
users can pool their idle data processing capacity in exchange for token
rewards. At the same time, developers can create new decentralized
applications (dApps) for the expanding Web 3.0 ecosystem.

Enecuum currently has more than 24,000 active wallets within the network.
Enecuum has been busy building on the foundations laid out in their original
founding document from 2017. Although the project has come a long way
since then, the team’s confidence in Trinity Lab does not stop to reflect on
their successes, pushing forward with a blockchain governance model,
launching their own DEX (Enex.space), developing a payment system for
e-commerce and furthermore upgrading their Network to Trinity V2.0 which is
coming soon.

What is Enex.Space?

ENEX is the first DeFi platform powered by Enecuum Network. this is a DeFi
platform built on the Enecuum blockchain. its functions are based on the ENX
token. ENX benefits from the general liquidity on ENEX.SPACE and can be
used to profit from trading operations. From the user’s point of view.
Enex is an entity that has full access to treasury. The treasury is filled with
group trading fees in the form of LP tokens Some of these tokens are
exchanged with ENX through liquidity pools. Commander ENEX occasionally
sells these LP tokens to ENX. Tokens that cannot be exchanged with ENX are
sent to the recording address. All exchanged ENX are sent to the station for
distribution.

When using traditional DEX AMMs similar to Uniswap, it always performs the
so-called “pass” operation. If you confirm it by default, it allows the DEX smart
contract to manage as much approved token as possible. This is a serious
security problem, as it breaks one of the fundamental principles of a
cryptocurrency: the owner and only the owner of the assets should have full
control over the assets. Enecuum Network’s architecture without the approval
functionality in front of Ethereum-based blockchains makes your groups
secure and leaves you full control over the funds.

What is trinity 2.0?

According to the official enecuum website: trinity v2.0 is explained as follows:

The initial ideas of a white paper with the first research results of a white
paper should be on par with DeFi solutions, layer two and inter-block chains.
Therefore, they want to adjust Trinity for the current state of the market and
technology. It is essential to use unique PoA nodes that distinguish Trinity
from other protocols.
They have in mind that to achieve both goals, they will focus on the MEV
problem. In addition, the Ethereum community has many cooperating
researchers involved in making MEV (Maximum Extractable Value) more
visible to the outside world. In addition, there are some protocols with an
unknown amount of MEV. And da creates fear for them to create DApps and
DAOs that are based on such protocols. Because this leads to a lack of UX
protection and an increase in the possibility of seeking their own information
on the black market.

Precisely speaking, we present front-end protection and robust pseudorandom

generators. The former feature is important for proper DeFi operations, and
the latter is vital for games that rely on blockchain (including the latest trends
with play-to-win NFT games).

But alters in Trinity, which are planned, require qualitative analysis, as all
aspects of the protocol are connected. Not only in terms of security and
efficiency, but also in the impact tasks we set out to implement this year.

The trinity Labs team took a look at their report on the Smart Contract
Machine. When will I write my contracts? I really (don’t) want to see EVM here.
There are many pros and cons. Recklessly in general terms, EVM is bad for
ordinary users and good for business growth at the top of the network.

Trinity Labs specifies that they want to have both. The initial concept of
simple, easy-to-use, inexpensive contracts still strikes them as their own
approach to smart contracts, but Enecuum needs large participants to reach
the next level of utility. That is exactly why they specify that they need EVM as
the modern smart standard. However, there are many successful cases of
EVM implementation on the core blockchain other than Ethereum. So, we
explored them and designed a solution. And this is a good time to recall the
initial plans to make Enecuum a multi-chain network. There were no practical
reasons for that before, but now they have an Ecosystem. There are extremely
good features, described in the section “Ecosystem, is not only to make it
reliable, but they must achieve good efficiency not only at launch time, but also
make the ecosystem maintainable, ready to evolve with the network. Trinity’s
tweaks and smart contract tasks promise us double duty if we build plans
without two steps ahead.

They acknowledge that there was a jump in their roadmap and more since we
did not summarize the BIT and Pulse releases covering ENEX, PoW, PWA, API
enhancement.

Our conclusion:

Enecuum is a cryptographic project that focuses on the evolution of

decentralized money and aims to bring this technology to the devices we use
every day, such as mobile phones.

This project is constantly being updated, generating weekly live reports within
its telegram community, this gives a point in favor in our research because not
all blockchain projects offer 100% of the updates to users such as ETH ….
(Ethereum leaves much to be said), also stop some professionals as
moderators, polite and willing to answer any questions that are asked.

Points against: currently they have had delays in some of their launches this is
the only point against the project, because enex.space should be launched in
the month 10/2022 according to their roadmap, but we understand with all the
bearish cyclone that generated other projects outside them to the
cryptomarket in general.

Do we consider Enecuum a legitimate project? 95%, because they have a

totally secure network, active community, regular updates, contact with
administrators and managers in live and weekly sessions, they are in one of
the most solid exchanges in the ecosystem (KUCOIN), they have a clear vision
of what they want and they are Eco-Friendly.