What is Secret Network

• Secret makes smart contracts private. encrypt the input, output and the state - hiding even data frm the nodes on the network.
  • stay safe while using user assets
  • take full control of customer creativity with secret NFTs to control access and create hidden features making it not just a piece of art
  • lettin gusers explre and expand the frontiers of web3. letting them enter a new design space with customizable privacy apps and groundbreaking apps from gaming communition to finance
• Secret notes must be stated using SCRT in order to operate on the network
• When a node goes offline they can be slashed and lose a portion of their SCRT stake. holders of SCRT who are not operating nodes may bond their stake to a specific node in order to become a delegator.
• delegators have an opportunity to earn a share of fees and network rewards by support a set of validators
• Secret nodes can create and vote on goverance proposals using SCRT, allowing for recentralized control of the network
• Trusted Execution Envirornments (TEEs) - are special envalves insides a computer that function like ‘black box’ allowing computations to occur condentially inside of them. they are utilzied in a broad range of everyday hardware. secret nodes in the network use these secure enclaves to protect the data used by sercret contacts
  • the community is constantly searching for other innovative privacy solutions. there are always trade offs between scalability, performance, and security and today secure enclaves provide the best option for protecting data privacy in a decentralized netowrk
• The Secret network contracts and Secret dApps combine the benefits of smart contracts and add the ability to keep data private, helping remove one of the biggest barriers to mass adoption of the dectralized web

What does the Secret network help Solve???

• Which applications would you use every day if they could not protect you or your data? When you use blockchains today for any purpose, you are forced to compromise on privacy. Any decentralized applications built on Secret Network benefit from its privacy protections

Ecosystem Fund / Grants

Tokenomics /

• SCRT is the natice coin of the Secret network, meaning that it will be used to pay fees when users transer value on the network
• Secret Tokens are programmable like ERC-20s and usable in applications. however they remain private by default like Monero.

References

https://scrt.network/about/faq#whats-so-special-about-secret-network

https://scrt.network/about/about-secret-network/