Secret Network Overview
Secret Network is an innovative, open-source blockchain that by default offers data privacy. Blockchains have the potential to build a more accessible and sustainable Internet, but they have one significant drawback: they expose all of your data to the public. Data privacy must be safeguarded, and users and organizations must have a choice over how their data is used and shared.
The secret is a decentralized network that finally finds a solution to this privacy issue, assisting in the scaling and security of the decentralized web. A proof-of-stake network is a Secret Network. Its cryptocurrency, Secret (SCRT), is utilized for network fees, governance, and staking.
Users can run Secret Nodes and get a cut of the fees and network incentives by staking SCRT. In February 2020, the initial Secret Network mainnet became live.