Secret

What is the token?

Secret (SCRT) is the native cryptocurrency of the Secret Network, a blockchain protocol that emphasizes privacy for smart contracts. It allows developers to create decentralized applications (dApps) that can utilize encrypted data, ensuring that sensitive information remains confidential even while being processed. This privacy-preserving feature is a significant differentiator from other blockchains where data is typically transparent and publicly accessible. Secret Network’s smart contracts, known as “Secret Contracts,” enable private computations on encrypted data, providing a level of security and privacy that caters to a variety of use cases, including finance, healthcare, and other sectors where data confidentiality is paramount.