Here are the top 8 things you need to know about #SecretNetwork
I recently wrote a long 101 on Secret Network & $SCRT. Here is the TL/DR.
A thread 🧵👇
I recently wrote a long 101 on Secret Network & $SCRT. Here is the TL/DR.
A thread 🧵👇
1. Crypto is a world built upon transparency and openness. However, everyone wants privacy and doesn’t want to share all their info.
There is a need for more privacy in crypto.
There is a need for more privacy in crypto.
2. #SecretNetwork is a chain built for data privacy. Through encrypted technology, Secret Network enables smart contracts that keep user data safe.
3. Secret Network is built on top of the Cosmos ecosystem. $SCRT has a network of nodes that execute smart contracts in a trusted execution environment (TEE).
4. $SCRT is designed to strengthen dapps and add an extra layer of security. Essentially, it's trying to combine #ETH's smart contracts, #Monero privacy and #Cosmos' scalability and interoperability 
5. DeFi is a huge use case. No one wants their finances leaked to the entire world. A ton of DeFi projects have come onboard $SCRT
6. $SCRT is the native token that can used for staking, governance and transaction fees.
Users stake $SCRT to make the secret nodes secure, the recipient, balance and transaction amount can be encrypted. It currently has a market cap of 800M and circulating supply of 163M
Users stake $SCRT to make the secret nodes secure, the recipient, balance and transaction amount can be encrypted. It currently has a market cap of 800M and circulating supply of 163M
7. #SecretNetwork just announced a $400M ecosystem fund to help founders and dev build out things.
NFTs, metaverses, DeFi have all grown tremendously on SCRT.
NFTs, metaverses, DeFi have all grown tremendously on SCRT.
8. A while ago, they announced the Secret Ethereum Bridge, which allows the transfer of assets between Ethereum and Secret Network.
9. Here is my full #SecretNetwork 101:
If this was useful, please consider retweeting it!
https://twitter.com/Cov_duk/status/1502780157626515456
If this was useful, please consider retweeting it!
10. #SecretNetwork accounts to follow:
@CosmosHOSS @Al_i_imran_ @assafmo
@fireintheslums @Pgm__x @SecretNetwork @ahaywa @scrt_labs @scrt_foundation @SCRTAgent000
@SCRTNetworkNews @TecPachuca @CryptoChem0000 @sienna_network
@TorBair @l_woetzel
RT would mean a lot!
@CosmosHOSS @Al_i_imran_ @assafmo
@fireintheslums @Pgm__x @SecretNetwork @ahaywa @scrt_labs @scrt_foundation @SCRTAgent000
@SCRTNetworkNews @TecPachuca @CryptoChem0000 @sienna_network
@TorBair @l_woetzel
RT would mean a lot!
11. #SecretNetwork accounts to follow:
@EricWaisanen @scrtFugitivez @timalexandre
@steve_stevenso @MehdiFarooq2 @Shade_Protocol
@JensonSG @Secretmansam @Al_i_imran_ @scrtcosmonaut @GuyZys @cryptocurnc1
A retweet would mean a lot!
@EricWaisanen @scrtFugitivez @timalexandre
@steve_stevenso @MehdiFarooq2 @Shade_Protocol
@JensonSG @Secretmansam @Al_i_imran_ @scrtcosmonaut @GuyZys @cryptocurnc1
A retweet would mean a lot!
12. I hope this #SecretNetwork 101 tldr was useful, a retweet would mean a lot.
More $SCRT content & 101s coming your way, follow to keep up.
Here are some of my past threads:
notion.so/covduk/4798517…
More $SCRT content & 101s coming your way, follow to keep up.
Here are some of my past threads:
notion.so/covduk/4798517…
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