Utilizing Trusted Execution Environments (TEEs), nodes on the Secret Network can perform computations on encrypted data without having access to the raw data itself. Smart contracts are thus allowed to utilize encrypted inputs, outputs, and states for operations.
Secret Network is utilizing a Delegated Proof of Stake consensus algorithm mechanism based on Tendermint SDK.
The SCRT token is the native utility token of the network, and is used for staking, delegation, governance, as well as all computational and transactional fees.
Secret Network (SCRT)
A Privacy Blockchain for General-Purpose Smart Contracts.
Oct 1st, 2020