Secret SCRT

1. Summary

Ranks

Liquidity

93

Developer

54

Social

96

Momentum (beta)

46

Stack Rank™

58

Price

$0.28 +3.2%

Market Cap

$79.52M (#454)

Supply

271.36M / 297.13M

Tags

Smart Contracts Privacy Coins Cosmos Ecosystem Alameda Research Portfolio DragonFly Capital Portfolio DeFiance Capital Portfolio Privacy Spartan Group Portfolio Secret Ecosystem

More Metrics

Price
52W High price	$0.78
52W High date	14th Mar 2024 (4 months ago)
All Time High (ATH) Date	28th Oct 2021 (2 years ago)
ATH Price	$10.38
% From ATH	-96.8%
All Time Low (ATL) Date	11th Sep 2023 (10 months ago)
ATL Price	$0.24
% From ATL	39.42%

Supply & Trading Volume
Trading Volume (24h)	$1.84M
Total Supply	297.13M
Circulating Supply	271.36M

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Description

Secret

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Secret

Secret is the native coin of the Secret Network, a decentralized network that enables private and secure computation. The network allows nodes to perform generalizable computations over encrypted data, which can be used as inputs for smart contracts. This enables the creation of decentralized, privacy-preserving "Secret Apps." The primary focus is on computational privacy, extending beyond just transactional privacy.

Key Features:

• Computational Privacy: The network focuses on computational privacy, ensuring that information used in computations remains encrypted and private.
• Smart Contracts: Secret contracts operate with encrypted inputs, outputs, and states, making them inaccessible to unauthorized parties.
• Decentralized Applications: The network supports the development of decentralized applications with privacy-preserving computing.
• Interoperability: Secret Network has interoperability capabilities with other blockchains through the use of the Cosmos InterBlockchain Communication protocol (IBC).

Native Token:

• Symbol: SCRT
• Token Purpose: Used for governance, transactions, and gas fees.

Technology:

• Development Framework: Built on the Cosmos SDK with proof-of-stake (PoS) consensus using Tendermint’s Byzantine fault-tolerant algorithms.
• Key Management and Encryption: Utilizes key management, encryption protocols, and Trusted Execution Environments (TEE) to ensure data privacy.

Ecosystem:

• Independent Support: Supported by various independent teams and entities such as Enigma, Secret Foundation, and more.
• Developer Documentation: Documentation is available for integrations into existing applications.
• Roadmap Progress: The 2024 roadmap has a focus on confidential computation across Ethereum and other EVM chains.

Community and Development

• Get Involved: The community welcomes passionate users and builders who understand the necessity of privacy in Web3.
• Build: Use Secret Network's smart contracts to create decentralized applications and contribute to the growth of Web3.
• Stake and Earn: Install a wallet, stake SCRT, and earn rewards while securing the network.

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