Why $SCRT Secret Network is a highly important innovation in the blockchain space.

Thread below

Events of the past few months have accelerated the need for blockchain tech (Twitter banning Trump, WSB, US money printing, etc).

However, blockchains are public by nature. This has stopped many use cases and enterprise applications from building on the blockchain.

Data privacy and confidentiality of information are very important, both in business and in consumer apps. This has greatly limited the scope of blockchain use cases, even though DeFi is booming.

Previously, privacy was only possible by trusting a central authority.

Secret Network $SCRT is the world's first blockchain to offer privacy by default with smart contract functionality. This is a quantum leap above privacy coins like Monero, Zcash, Dash, etc.

Smart contract code is public but all input and output data is fully encrypted.

Secret Network runs on a Delegated PoS system, built on the Cosmos framework with CosmWasm to enable VM functionality. It has the security, scalability and interoperability of Cosmos blockchains, with privacy enabled by default.

Massive game changer $SCRT

Exciting use cases include:
1. Frontrunning resistant DEXes
2. Truly secret sources of randomness on the blockchain (for gaming, etc)
3. Content Monetization / Access Control

Secret Network has already developed bridges to quite a few ERC20 Tokens, set up a Secret Auction contract and a SWAP contract coming very soon.

Staking APY on ERC20 tokens ~20%
Staking APY on SCRT tokens ~33%

TLDR:
$SCRT Secret Network is the first blockchain to offer privacy on its smart contract functionality. This will be a game changer towards blockchain use cases and enterprise adoption.

Staking offers great returns at ~20% on ERC20 tokens.

The future is bright!