Secret Network (SCRT) Live Price and charts Today

1 Secret Network (SCRT) Price Today in USD is $0.308088

Secret Network (SCRT) = $0.308088 USD

Secret Network (SCRT) all-time high (ATH) is $9.9576 USD

The maximum supply of Secret Network (SCRT) is Unknown

Secret Network (SCRT) 24h volume is $1.73 Million(s) USD

Secret Network (SCRT) Market Cap is $65.03 Million(s) USD

Secret Network
$0.308088
+3.70%
  • Rank #393
  • Market Cap 3.83% $65,030,896
  • 24H Spot Volume 67.36% $1,729,258.01
  • 24H Volume / Market Cap +50.00%+3.00%
  • Circulating Supply 211,079,035.00
  • Total Supply 281,558,009
  • Max Supply -
  • Fully Diluted Valuation -
  • API ID secret-network copy duigou
  • Project Start Date Feb, 2020
  • Contracts & Explorer(s) coin-img IBC/0...0972A
    copy duigou
  • Websites Website
  • Links
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About SCRT Roadmap & Milestones
Secret Network is a blockchain-based, open-source protocol that provides privacy to smart contracts and public blockchain on Cosmos.

Secret Network is a privacy-oriented blockchain built on Cosmos. By supporting encrypted inputs, outputs, and smart contract states, Secret Network enables programmable smart contracts that keep user data safe.

Secret Network's smart contracts are called Secret Contracts and allow DApps to use private data on Secret, similar to how smart contracts operate on other blockchains. However, Secret Contracts transfer encrypted inputs into encrypted outputs without exposing data. This is made possible thanks to the encrypted contract states during the execution.
 
Data privacy is guaranteed by combining encryption protocols and key management within a Trusted Execution Environment (TEE). This allows Secret Contracts to compete for several privacy-related use cases that traditional blockchains have found difficult to accommodate. For instance, private voting mechanisms or credit scoring applications become possible since they do not expose sensitive user data on-chain with Secret.

Secret Network was born out of Enigma, a startup that developed the concept of a decentralized protocol for secret smart contracts. Enigma raised $45 million in a 2017 initial coin offering (ICO) but faced enforcement from the United States Securities and Exchange Commission in 2020 forcing a settlement with the SEC.

Secret Tokens (SCRT) are programmable like ERC-20s and usable in applications, but they remain private-by-default like Monero and similar coins. They can represent off-chain assets, or they can be fully native to Secret Network. Anyone can create a token, which can then be transferred between wallets and used in smart contracts.

When interacting with Secret Tokens (SCRT), all transactions (including the recipient and the amount transferred) and rolling balances are kept encrypted, ensuring both anonymity and confidentiality. Individuals must generate a “viewing key” in order to reveal these values, and can choose to share this with third parties for compliance situations.

Why Secret Network (SCRT) Unique?

In contrast to other public blockchains, node operators on Secret utilize specialized hardware for running code in secure enclaves called Trusted Execution Environments (TEEs). In these TEEs, not even device administrators can access the information that is being decrypted.
 

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