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Secret Network is a decentralized network of computers (i.e., secret nodes) that leverage privacy technologies grounded in both hardware and software to achieve computer security. Developers have the capability to construct Secret Apps—unstoppable, permissionless applications that can harness encrypted data without revealing the data itself, even to the nodes performing computations within the network.
SCRT (Secret) is the native token of the Secret Network, utilized for paying network fees and transferring value. Secret nodes are required to stake SCRT to function on the network; in return, they accrue SCRT fees and network rewards. In the event nodes go offline, they may suffer "slashing," resulting in the loss of a portion of their staked SCRT. SCRT holders not operating nodes can "bond" their stakes to designated nodes, thereby becoming delegators. By supporting a specific set of validators, delegators stand a chance to earn a share of fees and network rewards.
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