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Secret Network

SCRT

  • Layer1
  • Privacy
  • Infra
Established Year
2017
Operating Status
Active
Secret Network is an independent, base-layer blockchain network built using the Cosmos SDK. It supports smart contract development and introduces data privacy by default for these contracts, enabling developers to build decentralized applications that also protect user data and preserve privacy. The protocol implements "programmable privacy," which is defined as arbitrarily complex data privacy controls within an application. Secret Network calls these privacy-preserving applications "Secret Apps." On February 13, 2020, Secret Network's mainnet went live, and its goal is to become the data privacy center of Web3.

Organisation

Financial Portfolio

Funding

N/A
4 Investors
$11.5 M

Investment

Shade Protocol
Shade Protocol
N/A
$5 M

Recent News

Frequently Asked Questions

What Is Secret (SCRT)?

[Secret (SCRT)](https://www.coinlive.com/coin/secret) is a privacy-oriented blockchain built on [Cosmos](https://www.coinlive.com/coin/cosmos). Its [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) are called Secret Contracts and allow [DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) to use private data on Secret, similar to how smart contracts operate on other blockchains. However, Secret Contracts transfer encrypted inputs into encrypted outputs without exposing data. This is made possible thanks to the encrypted contract states during the execution. Data privacy is guaranteed by combining encryption protocols and key management within a Trusted Execution Environment (TEE). This allows Secret Contracts to compete for several privacy-related use cases that traditional blockchains have found difficult to accommodate. For instance, private voting mechanisms or credit scoring applications become possible since they do not expose sensitive user data on-chain with Secret.