Secret
Secret Network is a blockchain with privacy-preserving smart contracts.
Secret Network is a blockchain with privacy-preserving smart contracts. Secret Network improves upon traditional smart contracts by supporting encrypted inputs, encrypted outputs, and encrypted state for smart contracts – data privacy for sensitive information stored on the blockchain. Secret Network is built as a decentralized network of computers (secret nodes) utilizing trusted execution environments (TEEs) to enable secure, private computation over encrypted data. TEEs function like a “black box” for data processing and are utilized in all types of everyday platforms, such as smartphones and video game consoles.
Since data is encrypted and private by default, Secret Network users have “viewing keys” to view their sensitive data. Viewing keys can be shared with third parties like auditors, wallets, and explorers. They allow users to maintain control over their data and decide what is shared – and with who.
Secret contracts, written in the Rust programming language, allow applications to utilize encrypted data without ever exposing the data itself – even to the nodes in the network performing computations. This enables unique use cases that simply aren’t possible on other blockchains.
DeFiance Capital, Alameda Research, CoinFund, HashKey
SCRT is the native coin of the Secret Network blockchain used as “gas fees” across all Secret Apps. It is also used for staking and governance on the Secret Network. SCRT can be purchased on exchanges and stored on wallets that support Secret Tokens.
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