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Secret Network Price (SCRT)
Secret Network (SCRT) Chart
Secret Network (SCRT) Return On Investment(ROI)
Secret Network (SCRT) Price Now
Secret Network price today is $5.85 with a 24-hour trading volume of $27,875,457. SCRT price is up 3.83% in the last 24 hours. It has a circulating supply of 149.82Mil SCRT coins and a max supply of 190.17Mil. In order to explore addresses and transactions, you may use block explorers such as
What Is Secret Network(SCRT)?
Secret Network is a blockchain-based, open-source protocol that lets anyone perform computations on encrypted data, bringing privacy to smart contracts and public blockchains. Secret Network mission: improve the adoption and usability of decentralized technologies, for the benefit of all.
What Makes the Secret Network(SCRT) Unique?
Secret Network is a blockchain protocol built with Rust enabling decentralized applications (dApps) to perform encrypted computations. Secret Contracts make it possible for dApps to use private data on the Secret Network, and are similar to smart contracts on Ethereum and other blockchains.
What makes Secret Contracts special is their ability to take encrypted inputs and produce encrypted outputs without exposing any data using encrypted contract states during Secret Contract execution.
For example, Secret Contracts allow developers to create private voting mechanisms that are provably correct within their dApps, or credit scoring applications capable of generating credit scores using verified user data without ever exposing sensitive user data on-chain. Traditionally blockchain-based applications have struggled with preserving data privacy, and Secret Contracts aim to solve the blockchain privacy problem.
The Cosmos SDK using Tendermint for consensus was used to build the Secret Network. Enigma, a company known for making privacy-preserving applications and encrypted computational services, is a significant core contributor to the Secret Network.
Data privacy on the Secret Network is achieved through a combination of key management and encryption protocols working within a Trusted Execution Environment (TEE).
What Is Secret Network(SCRT) Foundation?
The Secret Foundation is a key organization in the Secret Network ecosystem. It is dedicated to building, researching, and scaling adoption of decentralized technologies for the public good, with privacy at their core. Its guiding values are Usability, Sustainability, Impact, and Empowerment.
Among other activities, the Secret Foundation will: help establish efficient and effective governance and communication practices for the Secret Network community (and the foundation itself), produce useful educational materials, and advance research and development of privacy-preserving networks and applications while maintaining a global presence that helps to expand their positive impact and universal adoption.
What is SCRT?
SCRT (pronounced "Secret" ) is the native coin of the Secret Network. This means SCRT is used to pay fees and transfer value on the network. Secret nodes must stake SCRT in order to operate on the network, and in return they receive fees and network rewards in SCRT. When nodes go 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 supporting a particular set of validators.
Another utility for SCRT is the governance of the network. Secret nodes can create and vote on governance proposals using SCRT, allowing for decentralized control of the network.
What Are the Major functions of Secret Network(SCRT)?
- Paying Fees--To use applications on Secret, you need to hold and spend SCRT. Just like how ETH works on Ethereum, SCRT is used to pay all computational and transactional fees associated with applications on the network.
- Staking--By "staking" SCRT with the validators supporting Secret Network, "secret nodes", you help secure the network and SCRT rewards.
- Governance--All stakers can participate in governance of Secret Network, helping set the future direction of our network and community.
Where Can I Buy Secret Network(SCRT)?
Investing in Secret Network(SCRT) can seem complicated, but it is much easier when you buy Secret Network(SCRT) through a cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Secret Network(SCRT) — both for fiat money and other cryptocurrencies. Some of the most popular Secret Network(SCRT) cryptocurrency exchanges are:
SCRT Price Statistics
- Secret Network Price Today
Secret Network Price
24h Low / 24h High
$5.37 / $6.06
Trading Volume 24h
Volume / Market Cap(%)
- Secret Network Market Cap
Fully Diluted Market Cap
- Secret Network Price History
7d Low / 7d High
$4.86 / $9.95
30d Low / 30d High
$4.78 / $9.95
90d Low / 90d High
$3.73 / $10.02
52 Week Low / 52 Week High
$0.7822 / $10.59
All Time High
All Time Low
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