Secret Network is a blockchain-based, open-source protocol that lets anyone perform computations on encrypted data, bringing privacy to smart contracts and public blockchains.
By supporting encrypted inputs, encrypted outputs, and encrypted state for smart contracts, Secret Network allows for new kinds of powerful decentralized applications to be built. This can unlock substantial value across multiple verticals and industries.
The Secret Network is a decentralized network of computers that utilize trusted execution environments (TEEs) to enable secure, private computation over encrypted data. TEEs function like a “black box” for data processing, and they are utilized in all types of everyday platforms such as smartphones and video game consoles.
The Secret Network blockchain is based on Cosmos SDK / Tendermint, meaning the network has its own independent consensus, on-chain governance, and features like slashing and delegation. It is secured by the native coin Secret (SCRT), which must be staked by network validators and is used for transaction fees as well as governance.