Secret is the native token of Secret Network, a blockchain that provides data privacy for smart contracts by default, allowing you to build and use permissionless and privacy-protected applications. This feature protects users, protects applications, and unlocks hundreds of unprecedented Web3 use cases.
With blockchain technology, it is possible to create a more powerful and inclusive Internet -- often referred to as Web3. But current blockchains are public by default, exposing all data to everyone and putting users at risk. To achieve meaningful use cases and achieve global adoption, users and organizations need to control how their data is used and shared -- a concept known as "programmable privacy."
Nodes on Secret (called Secret nodes) can perform generic computations on encrypted data, which allows smart contracts (called Secret contracts) to use private and sensitive data as input. Secret Network focuses on computing privacy, not just transactional privacy. Secret's privacy capabilities are crucial in many areas, including decentralized finance, Web3, machine learning, access control, and more.
Secret Network is an open source, permission-free blockchain based on original privacy research and papers first written at MIT in 2015, including "Decentralized Privacy", which is now one of the most influential papers in the blockchain field, with 2,000 academic citations.
Secret is supported by many independent development teams and entities, including Enigma, Secret Foundation, Secretnodes.org, Chain of Secrets, and more.