The altcoin project Secret (SCRT), which focuses entirely on privacy, is among the top 100 cryptocurrencies by market capitalization. The coin has risen 120% in the last seven days and has qualified to enter a new league. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
Altcoin project Secret (SCRT) has skyrocketed and entered the top 100!
According to the latest data, the cryptocurrency called Secret (SCRT) has risen 120% in the past seven days, jumping from $4.46 to $9.7. SCRT’s rapid rise has far outstripped Bitcoin (BTC) and Ethereum (ETH), which rose around 1% and 11%, respectively, in the same time frame. The altcoin has a market cap of $1.18 billion at the time of writing, with a market rank of 92.
Formerly known as “Enigma,” Secret originally aimed to bring privacy features to smart contract platforms like Ethereum. The mission of the platform has changed since then, and Secret is now a delegated proof-of-stake blockchain designed to support a new decentralized application ecosystem (DApps) that protects users’ privacy.
Secret states that there are 13 decentralized applications running on the network
The platform uses the Cosmos SDK and Tendermint consensus protocol, and users can lock the local government token SCRT to help secure the network and earn rewards. Secret says that to date there have been 13 decentralized applications running on the network. Secret has the following comment on the subject:
Incognito Apps are made from powerful, privacy-preserving smart contracts (i.e. secret contracts). Leveraging the computing privacy of Trusted Execution Environments (TEEs) and confidential contracts, users have privacy by default when interacting with Hidden Applications, unlocking the full value of decentralized applications.
Secret switched from Enigma (ENG) to SCRT late last year, and cryptocurrency exchange Binance became the first major exchange to support the new crypto asset.
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