About Secret Network
The first blockchain with privacy-preserving smart contracts
Smart contracts are self-executing pieces of code that are managed on a blockchain. Most blockchains that support smart contracts, such as Ethereum, are public by default. This means all the data used in their smart contracts is exposed to the public. Secret Network improves upon traditional smart contracts by supporting encrypted inputs, encrypted outputs, and encrypted state for smart contracts – data privacy for sensitive information stored on the blockchain.
Privacy is essential to the security and adoption of Web3, from DeFi to NFTs and beyond. Secret Network brings new and unique privacy functionality to the space and will be foundational to the next generation of successful Web3 applications.
Ethereum's smart contracts
Monero’s Privacy by Default
Cosmos' scalability and interoperability
Decentralized and permissionless applications that are private-by-design
Secret contracts, written in the Rust programming language, allow applications to utilize encrypted data without ever exposing the data itself – even to the nodes in the network performing computations. This enables unique use cases that simply aren’t possible on other blockchains.
Confidentiality for public assets on other blockchain networks
Secret Tokens (SNIP-20) are smart contract interactions on Secret Network that mint tokens that are private by default, encrypted to ensure both anonymity and confidentiality. Viewing keys are required to view token balances, transaction details, and token metadata. These Secret Tokens can then be used across the Secret Network ecosystem, most notably for Secret Finance and Secret NFTs.
Programmable privacy for all major blockchains
Secret Bridges transfer assets on other blockchain networks (Ethereum, Binance Smart Chain, etc.) to Secret Network. Once assets are transferred across a Secret Bridge, a Secret Token contract is executed and the asset is encrypted to be only viewable to address owners or holders of their viewing key. These Secret Tokens can then be used across the Secret Network ecosystem.
Protection of sensitive financial data
Secret Finance encompasses all privacy-preserving decentralized financial applications enabled by smart contracts built on Secret Network. Secret DeFi applications are cross-chain interoperable, front-running and MEV resistant, private by default, and utilize low fees. Secret Finance also offers high-yield opportunities for incentivizing growth.
Access control and private metadata for non-fungible tokens
SecretNFTs are non-fungible Secret Tokens, which enable verifiable representation of unique items and events, such that ownership and transactions are private by default. These unique items can be used for a variety of purposes, but generally, we believe tokens ought to be private if they represent our personal goods and experiences. Secret NFTs are perfect for these types of use cases.