Secret Network is the first blockchain with privacy-preserving smart contracts. That means applications built on Secret can utilize encrypted data without revealing it to anyone, even the nodes in the network. For the first time, Secret Network allows developers to build powerful, permissionless, privacy-preserving applications – Secret Apps. This is Part 1 of a series of BCB interviews with the Secret NetworkTeam.
The Secret Ethereum Bridge is LIVE on Mainnet!
Users can now get programmable privacy for their ETH and select ERC-20s. Plus: up to 2 million SCRT are expected to be available to support bridge mining and the launch of Secret DeFi!
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Timestamps
0:36 Introduction to both Tor & Secret Network
2:15 Why Privacy Matters explained by Tor Bair
2:40 Programmable Privacy= Privacy-Preserving Smart Contracts
4:50 Permissioned, Permissionless, Private, Public: differentiating the three terms. Data Privacy for Smart Contracts. Breaking the myth that Secret Network is an Enterprise-Geared network.
6:30 What’s the incentive for uses? Why does Privacy matter? It’s about Choice.
7:48 Public by default, Secret Network has permissionless, privacy-embedded optionality
8:30 What about Enterprises using an Open Source, Permissionless Private SCs?
9:45 Enterprise/Business Secure Data Sharing is a primary Use Case. Business possibilities are endless but very nascent. Secret Network has been years in development & ready now.
11:39 The team is already very decentralised and busy speaking with entities/enterprises
13:33 Discussion about the EEA and their work on Permissionless private SCs (through Baseline)
14:42 Talking Tendermint tech base. Discussing decentralised but privacy preserving platform.
17:14 DeFi is a buzzword and is a multi-faceted term. Unpacking the real meaning of DeFi.
17:40 Secret Network is a platform. It is a stand alone Network, but can interact with other platforms, applications as a key bridge (currently LIVE with Ethereum)
19:30 The challenges with Ethereum because everything is currently private by default.
20:55 The legal, regulatory benefits of Permissionless Privacy.
21:25 Usability is the advantage here! (more seamless, safe, secure design). Products.. stay tuned.
22:30 What’s actually happening regarding users. Talking privacy HUB (in an agnostic sense). Bridge to Ethereum first.. more platforms coming in the future. Ethereum-Secret tkn Compatibility
25:30 Products, Native Assets, Applications launching. AMMs etc. Advantages: Front running resistance is a key boon & feature for Secret Network Contracts. No Front Running risks! Cost: cheap, low fees.
29:04 Secret Network has support from the major public blockchain networks. But don’t forget Secret Network is also a stand-alone Smart Contract Platform with it’s unique trademark tech.
32:30 Are you Layer 1 or are you Layer 2 or BOTH? Time to redefine the game.
35:11 Token talk: SCRT. Discussing the SCRT token’s utility. Discussing dPoS, voting, gas=native utility, staking, reward etc
39:40 The token-to-development correlation discussion. Gas usages a key metric.
43:14 What’s coming? Use Case & Human Node-Biometric User Authentication. More info coming
44:20 the sky is the limit, says Tor Bair. Huge funds available for devs to ‘buidl’
45:16 Closing statements and summary and stay tuned for part 2 with BCB!
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Links:
website: https://scrt.network/
telegram: https://t.me/SCRTcommunity
Twitter: https://twitter.com/SecretNetwork
Discord: https://discord.com/invite/SJK32GY
Youtube: https://www.youtube.com/channel/UCZPqj7h7mzjwuSfw_UWxQPw
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PAYMENT/DONATION DISCLOSURE:
This was free content. I have not received financial compensation for doing this video.
INVESTMENT DISCLOSURE:
I have no investment in SCRT at this time, but I am considering buying SCRT.
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