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Secret

Secret

SCRT
#670
$0.007674Up 5.39 percent($0.00)

Key Stats

Market Cap$11.10MUp 5.39 percent
Volume (24h)$1.12M
Fully Diluted Value$11.10M
Vol/Mkt Cap (24h)10.10%
Total Supply1.45B SCRT
Max Supply∞
Circulating Supply1.45B SCRT
Launch Date2020-02-01

Secret Information

Websites
scrt.networkWhitepaper
Block Explorers
www.mintscan.io
Industries
Platform

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Secret Markets

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InstrumentExchangeBenchmark DataPrice24h Change
SecretUSD logo
SCRT-USD
SCRTUSD
kraken logokraken
AA
0.008000USD
-3.61%
SecretUSDT logo
SCRT-USDT
SCRTUSDT
binance logobinance
AA
0.007100USDT
0.00%
SecretUSDT logo
SCRT-USDT
SCRT_USDT
gateio logogateio
A
0.007586USDT
4.05%
SecretUSDT logo
SCRT-USDT
SCRT-USDT
kucoin logokucoin
BB
0.01240USDT
7.83%
SecretEUR logo
SCRT-EUR
SCRTEUR
kraken logokraken
AA
0.006900EUR
-8.00%

About Secret

Secret (SCRT) is the native token of the Secret Network, a decentralized platform specializing in privacy-preserving smart contracts. Originating from the Enigma project conceived at MIT by Guy Zyskind and Oz Nathan, Secret Network’s contracts keep data confidential while ensuring secure, verifiable transactions. SCRT is used for staking, governance, transaction and compute fees, and interacting with secret contracts. It allows holders to participate in network upgrades, parameter changes, and earn rewards, ensuring network integrity.

Frequently Asked Questions

Secret (SCRT): Secret (SCRT) is the native token of the Secret Network. It operates as a utility token within the network, playing a crucial role in securing the network, staking, and governing proposals.

Secret Network: Secret Network is a decentralized platform that specializes in privacy-preserving smart contracts. Unlike traditional smart contracts on many blockchain platforms that are transparent, Secret Network's contracts keep inputs, outputs, and state information private. This means that while the transactions and smart contracts themselves are verifiable and secure on the blockchain, the data contained within them remains confidential.

SCRT is multi-functional within the Secret Network:

  • Staking: SCRT can be staked to earn rewards and secure the network. Validators and delegators participate in the consensus mechanism by staking SCRT, ensuring network integrity.
  • Governance: SCRT holders can participate in governance by voting on network upgrades, parameter changes, and other proposals.
  • Transaction and Compute Fees: Like gas in Ethereum, SCRT is used to pay for compute and transaction fees in the Secret Network.
  • Privacy-Preservation: SCRT is used as a means to interact with secret contracts, enabling the functionality of private computations.

Secret Network originated from the Enigma project, which was initially conceived at MIT by Guy Zyskind and Oz Nathan, with the first whitepaper being published in 2015. The transition to what's now known as the Secret Network was part of an evolution and expansion of the original Enigma vision, with a more robust emphasis on privacy in decentralized applications.