How @SecretNetwork is bringing privacy to @cosmos ⚛️
#Cosmoverse2022 was full of informative presentations... including @TorBair of @scrt_foundation explaining how $SCRT has become the beacon for privacy in crypto today.
Read our brief notes below to learn more 👇
#Cosmoverse2022 was full of informative presentations... including @TorBair of @scrt_foundation explaining how $SCRT has become the beacon for privacy in crypto today.
Read our brief notes below to learn more 👇
Importance of Privacy
•Privacy is a cornerstone for:
1. Consent
2. Freedom
3. Sustainability
•Decentralization needs privacy & vice versa.
•Privacy is being encroached upon by govts, tech companies, etc. /1
•Privacy is a cornerstone for:
1. Consent
2. Freedom
3. Sustainability
•Decentralization needs privacy & vice versa.
•Privacy is being encroached upon by govts, tech companies, etc. /1
Purpose of @SecretNetwork
•@SecretNetwork = Privacy by default + programmability + self-sovereignty + interoperability
•Programmable privacy + interoperability = Endless Possibilities. /2
•@SecretNetwork = Privacy by default + programmability + self-sovereignty + interoperability
•Programmable privacy + interoperability = Endless Possibilities. /2
•Mass adoption of a privacy protocol is needed to protect it i.e., @TornadoCash was sanctioned, but @WhatsApp was not.
•Provide great UX to onboard Web3 users. /3
•Provide great UX to onboard Web3 users. /3
History of @SecretNetwork
•In 2015 $ETH launched, but there was no smart contract chain that also preserved privacy.
•2015 Whitepaper “Decentralizing Privacy” inspired the idea of combining privacy w/ blockchain. /4
•In 2015 $ETH launched, but there was no smart contract chain that also preserved privacy.
•2015 Whitepaper “Decentralizing Privacy” inspired the idea of combining privacy w/ blockchain. /4
Onchain transactions aren’t just financial, they can give instructions.
•2017 project Enigma aimed to be a private compute layer that would launch as an $ETH L2.
•2019 @cosmos introduced the idea of appchains, but still no privacy. /5
•2017 project Enigma aimed to be a private compute layer that would launch as an $ETH L2.
•2019 @cosmos introduced the idea of appchains, but still no privacy. /5
•2020 @SecretNetwork left $ETH for $ATOM ecosystem.
•Recently finished ShockWave upgrade which enables crosschain private smart-contracts.
•Native @SecretNetwork tokens can now be deployed across @cosmos IBC. /6
•Recently finished ShockWave upgrade which enables crosschain private smart-contracts.
•Native @SecretNetwork tokens can now be deployed across @cosmos IBC. /6
Potential Use Cases for @SecretNetwork
•Private RNG.
•Private onchain DAO voting.
•Exploring walletless UX. /7
•Private RNG.
•Private onchain DAO voting.
•Exploring walletless UX. /7
Mainnet dApps Today
•@sienna_network is a DEX that allows users to make cross-chain swaps in private.
•@AlterDapp $ALTER enables secure onchain messaging.
•@StashhApp provides private NFT services.
•@Shade_Protocol will launch @Silk_Stable & $ATOM bonds. /8
•@sienna_network is a DEX that allows users to make cross-chain swaps in private.
•@AlterDapp $ALTER enables secure onchain messaging.
•@StashhApp provides private NFT services.
•@Shade_Protocol will launch @Silk_Stable & $ATOM bonds. /8
•@secretdaocom provides private DAO tooling.
•@launchonenet is the 1st gaming platform on @cosmos.
•Enhancing wallet support w/ @FinaCash, @leap_cosmos, @StarShellWallet, & more. /9
•@launchonenet is the 1st gaming platform on @cosmos.
•Enhancing wallet support w/ @FinaCash, @leap_cosmos, @StarShellWallet, & more. /9
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