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代币简介
Secret (SCRT) is the native token of the Secret Network, a Layer 1 blockchain specifically designed for privacy-preserving smart contracts, also known as "secret contracts." Unlike traditional blockchains where all transaction data is public, Secret Network allows dApps to perform computations on encrypted data. This enables use cases that require privacy, such as decentralized finance (DeFi) with private balances, private NFTs, and secure identity management. The SCRT token is essential for the network's operation. It is used for staking to secure the network through a Delegated Proof-of-Stake (DPoS) consensus mechanism, paying for transaction fees to execute secret contracts, and participating in the network's on-chain governance. Staking SCRT allows holders to earn rewards and contribute to network security, while also participating in protocol decisions. Secret Network aims to be a privacy hub for the decentralized web, allowing developers to build applications that handle sensitive data without compromising confidentiality, bridging the gap between transparency and necessary privacy in decentralized environments.
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