$SCRT
The Secret (SCRT) cryptocurrency is native to the Secret Network, a blockchain built to ensure privacy within decentralized applications (dApps). Launched in 2020, the Secret Network is designed to provide private smart contracts where both the input and output data remain encrypted, even from the nodes verifying transactions. Unlike other blockchains where data is publicly visible, Secret enables "programmable privacy," allowing users to control access to their data through encrypted smart contracts. This network operates on a delegated proof-of-stake consensus model, where SCRT tokens are used to stake for node participation and governance.
The SCRT token is integral to the network, used for staking, paying transaction fees, and participating in governance decisions. The token's price fluctuates, with a market cap of around $167 million as of December 2024. At its all-time high, SCRT reached over $9, though it has since dropped significantly.
