Do you love ?? keeping Secret?
Here comes the secret Network, the first blockchain to allow privacy-preserving smart contracts. This means applications built on Secret can utilize encrypted data without revealing it to anyone - even the nodes in the network.
the secret network project started since 2015. It's based on some of the most highly-cited whitepapers in crypto. The initial Enigma whitepapers have over 1,500 academic citations. "Decentralizing Privacy" (one of the whitepapers) is the 5th most cited paper in the blockchain space overall!
So it is one of the oldest projects, and also one of the most complex projects, which is why it took a time to launch.
the code of the smart contracts is public, so they can also be audited. this is important for being able to trust the contract does what it is supposed to do. Only the data is encrypted - that means you can have an application where you know it will do what it is supposed to, you know it will be permission-less, but the *data* is still protected.That is the best way to protect users - public code, private data.
Secret has a market cap $35,377,165 with price as of today' is $0.632929 with a 24-hour trading volume of $414,922. (S) price is up 2.2% in the last 24 hours. It has a circulating supply of 56 Million SCRT coins and a max supply of 120 Million. Binance is the current most active market trading it.
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https://www.coingecko.com/en/coins/secret the (secret) is incredibly important to the adoption of blockchain. every blockchain is bad at privacy by design. all data is public on the blockchain. Only with Secret Network being able to build applications that protect data and stay secure. This makes a big difference for DeFi, NFTs, gaming, access control, Web3, machine learning.
What is your secret?
Something that you don’t want to share with everyone, but still want to share with people you choose to trust. A secret is something that you want to keep protected - not because it’s something bad, but because it’s something valuable.
the network is called “Secret” because it allows developers and you as a user to protect valuable data while still enabling them to share and compute it when, how, and with whomever you choose, this is where the important concepts of privacy, freedom, and consent coincide.
Secret network blog https://chat.scrt.network Secret Chat-discord.com
