Secret Network is designed for data privacy and aims to become the privacy hub for the entire crypto ecosystem.
Smart contracts are called "secret contracts" as they ensure encryption and data privacy by default. Nodes processing transactions cannot view them as they are hidden in a "black box". Users can view their balance by using viewing keys. These viewing keys can be generated as needed to allow third parties, from auditors to even other smart contracts, to see an individual's encrypted balance.
Secret Network has the ambitious goal of bringing privacy to every blockchain project. Privacy is vital in various industries, including financial services, healthcare, and government, where it is necessary to protect sensitive information from bank and tax records to patients' medical data and government-issued documents. By taking this approach, Secret Network is paving the way for the global adoption of blockchain in critical industry sectors. Fundamentally, this could be one of the essential projects for bringing blockchain technology into the mainstream.
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Secret is aon its own,uses to validate transactions,and is.Secret also supports.
Interesting facts about Secret
Here are some facts you may not already know about Secret. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
SCRT isn't a privacy token. All SCRT transactions are public. However, Secret tokens issued on the Secret Network are always private.
Secret Agents are third-party contributors to Secret Network who bring skills in development, design, and innovation.
Secret Network enables privacy-focused smart contracts. All transactions take place within Trusted Execution Environments (TEEs).
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Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
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% of total supply circulating Very small
What’s the community like?
Community matters for projects like Secret, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.