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Secret Network (Blockchain)

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Secret Network
Denominations
Symbol𝕊
Development
White paperhttps://scrt.network/graypaper
Initial releaseFebruary 2020
Code repositoryhttps://github.com/scrtlabs/SecretNetwork
Development statusActive
Written inRust
Developer(s)SCRT Labs
Source modelOpen source
Websitehttps://scrt.network/
Ledger
Block time6 sec
Block explorerhttps://secretnodes.com/
Circulating supply150 000 000

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Secret Network (Blockchain)

Secret Network is the first blockchain with programmable privacy by default, allowing to build decentralized application that are permissionless and privacy preserving[1] [2][3]By supporting encrypted inputs, outputs, and smart contract states, Secret Network enables programmable smart contracts without revealing processed data[4]. Secret Contracts allow encrypted data to be used without revealing it on the public blockchain while creating the SNIP-20 standard [5]

dApps

Bridges

Bridge allows interoperability between protocoles, by creating synthetic (wrapped) coins on the Secret Network to gain privacy, lower fees and usability on the Secret Network dApps

A bridge to Ethereum was enabled in December 2020 while a bridge to the BSC was launched in June 2021

Supported coins as sCoins (Secret-Wrapped version) are: ETH, USDT, BNB, USDC…[6][4]

SecretSwap

SecretSwap is the first private front-running resistant AMM, allowing users to trade, via swaps, in total privacy thanks to the Secret-Contracts allowing fully private and encrypted transactions. [7][1][5]

Secret NFT

Secret NFT brings privacy and access control to the NFT industry. They can be purchased anonymously while the NFT can contain private and public metadata, allowing features that would be viewable only by the owner[8][9]

On the 2nd of November, Quentin Tarantino announced the launch of 7 Secret NFTs, built on the Secret Network. Each NFT will contain a never seen original piece from Pulp Fiction, such as scripts or uncut scenes[2][1]

See also

References

  1. 1.0 1.1 1.2 "Secret Network raises $400m to establish pair of ecosystem initiatives". www.yahoo.com. Retrieved 2022-03-10.
  2. 2.0 2.1 "Quentin Tarantino to release 7 Pulp Fiction NFTs". Fortune. Retrieved 2022-03-10.
  3. "Secret Network Announces $400 Million in Ecosystem Funding Alongside Substantial New Investment from Leading Firms". www.businesswire.com. 2022-01-19. Retrieved 2022-03-10.
  4. 4.0 4.1 "Secret Network Launches Bridge to Bring Transactional Privacy to Ethereum". NASDAQ. 2020-12-15.
  5. 5.0 5.1 "SecretSwap Is the Secret Network's Answer to DeFi Privacy". NASDAQ. 2021-02-17.
  6. "Secret Binance Smart Chain Bridge Launches to Mainnet". finance.yahoo.com. Retrieved 2022-03-10.
  7. Guida, Paolo. "Council Post: Privacy Is The Biggest Challenge Preventing DeFi Lift-Off". Forbes. Retrieved 2022-03-10.
  8. Mack, Eric. "Quentin Tarantino to auction off Pulp Fiction secrets as NFTs". CNET. Retrieved 2022-03-10.
  9. "Secret Network Partners with OpenSea to Launch Secret NFTs". www.businesswire.com. 2021-10-21. Retrieved 2022-03-10.

External links



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