SCRT Secret

Secret (SCRT) is the native coin of the Secret Network. Secret Network is a decentralized network of computers (secret nodes) that utilize trusted execution environments (TEEs) to enable secure, private computation over encrypted data. TEEs function like a “black box” for data processing, and they are utilized in all types of everyday platforms such as smartphones and video game consoles.

Secret Apps – powered by “secret”, privacy-preserving smart contracts – are built with CosmWasm smart contracts that are written in the Rust programming language and deployed on the Secret Network.

The Secret Network blockchain itself is based on Cosmos SDK / Tendermint, meaning the network has its own independent consensus, on-chain governance, and features like slashing and delegation. It is secured by the native coin Secret (SCRT), which must be staked by network validators and is used for transaction fees as well as governance.