Secret can refer to both the token and the network that promotes greater privacy for those who want to use a decentralized network through computation via encrypted data. Secret is now being used in a lot of platforms, including video game consoles.More
Secret, as a coin, is processed via a privacy-preserving contract, which means the transaction and the person behind it can remain anonymous even to the nodes, although it still needs to be staked by validators. Once work has been verified and has been shown to be correct, the secret node that processed it can then release the payment.More
It's easy to buy Secret (SCRT) using a crypto exchange like Coinmerce. You just indicate how many Secret (SCRT) you want to buy, whereafter Coinmerce will perform the transaction.More
You want to buy Secret? You can buy Secret using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Secret, use the search function to search for Secret and click on the name. You can indicate for how many euros you want to buy Secret in the right window. Below is shown how much Secret you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Secret when the price of Secret reaches your entered value. You can also execute a repeating order. Do you want to buy Secret with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Secret.
Secret as a decentralized blockchain network wants to solve what seems to be an often-missed disadvantage in processing cryptocurrencies today: the lack of privacy. As an exchange to make the network permissionless, capable of being validated, and decentralized, a person who participates in it may need to reveal a lot of data, which Secret feels counterproductive. Thus, Secret has built a technology that uses encrypted data for various transactions, but it is scalable and applicable in many industries, ranging from gaming to healthcare and insurance. In 2021, the network launched SecretSwap in its mainnet, which is a cross-chain decentralized exchange platform and the Secret Auction web3 app, which may pave the way for Secret as a tool in NFT auctions. Secret had boosted its capital recently by $11.5 million when Skynet Trading and Arrington Capital, among others, acquired a stake in the network’s token.