Thread by @yeoujie

1/ Delighted to be one of the new investors of @SecretNetwork and extremely excited to be part of their new ecosystem fund. A 🧵 to share more about $SCRT and why I am bullish.

https://twitter.com/secretnetwork/status/1483824783334809609

2/ For those who are not too familiar with $SCRT, they are the first L1 to offer privacy preserving smart contracts. Transactions made on their smart contacts cannot even be viewed by the nodes running the blockchain.

3/ To view someone else transaction history, you need to have a viewing key, which can be shared with other people. So you actually have the option of being open about your positions and data, but data privacy is the default here.

4/ Like Cosmos, @SecretNetwork can process close to 10,000 transactions per second and has a block time of 6-7 seconds. They also launched a major network upgrade on Nov 21, Supernova, which enables them to integrate across the @cosmos ecosystem.

5/ Essentially, having an IBC integration allows $SCRT to be used in cross chain Cosmos applications with privacy features. I foresee $UST adoption on @SecretNetwork to grow further. Win win for both @terra_money and Secret.

6/ They have also just announced Shockwave, detailing the strategy for the next stage of growth: scrt.network/blog/shockwave… I believe this will kickstart the next parabolic growth on @SecretNetwork and their world class team can drive more adoption on Web3 privacy.

7/ The $225M Secret Ecosystem Fund led by @scrt_labs will enable more builders and projects to deploy on Secret. Currently, the promising applications are @secret_swap, @sienna_network and @StashhApp. Do check them out!

8/ @TorBair from @scrt_foundation, and @GuyZys from @scrt_labs are relentless builders who are determined to see Secret Network thrive. I am confident that they will push @SecretNetwork to greater heights by providing great support and guidance with their ecosystem partners.

9/ If you believe that privacy is a human right, you might start getting bullish on @SecretNetwork as you start to learn more about it. Its time to add $SCRT into latest buzz around #FOAN and name it #FOANS instead.