What does Secret do?
Secret Network (CRYPTO:SCRT) is a blockchain platform that enables privacy-preserving smart contracts and decentralized applications (DApps). It is powered by the SCRT token, which is used to pay for transaction fees and to reward participants in the Secret Network ecosystem.
Secret Network uses a unique technology called Trusted Execution Environment (TEE) to protect user data. TEE is a secure hardware component that allows developers to run code in isolation from the rest of the blockchain. This means that Secret Network DApps can access and process user data without exposing it to the public.
Secret Network is still under development, but it has already launched a number of successful projects, including the Secret DeFi Suite and the Secret NFT Marketplace.