Secret SCRT Price 0.00694255

What is the secret? Similar to how smart contracts operate on other blockchains, Secret Contracts allow DAPPS to use private data. Data privacy can be guaranteed by combining key management and ciphers within a Trusted Execution Environment. Secret Contracts can compete for use cases that are difficult to accommodate. SCRT Labs is based in Israel and has a mission to create products and systems that accelerate the adoption of privacy-first technologies. Users send data to the network. Validators perform computations. Proponents submit their work. Validators agree on the results. There are many use cases for Secret. Secret can be used to store a key to the content. The user gets their unique access key after paying for a secret contract. The initial supply of SCRT was 170 million. Between 2 and 4 years, 36 million is vested. If less than 70% of the supply is staked, the secret targets an inflation rate of 15%, with a projected inflation rate of 20%, and a gradual increase to 7% when more than 70% is staked.