Hello and welcome to this blog post about Secret SCRT White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Secret SCRT white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Secret (SCRT).
I can ensue you that, you will be able to understand every bits and pieces related to Secret (SCRT) after going through the Secret SCRT white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Secret SCRT White Paper
Secret SCRT white paper will be going to provide you, all the information that is needed to get started with Secret (SCRT), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Secret (SCRT).
Secret Network is a blockchain-based, open-source protocol that lets anyone perform computations on encrypted data, bringing privacy to smart contracts and public blockchains. Our mission: improve the adoption and usability of decentralized technologies, for the benefit of all.
A range of blockchain protocols have enabled a host of decentralized applications and usability based on the programmatic nature of smart contracts and interoperability. Open-source projects have thrived, with rapid adoption of a variety of decentralized internet protocols. A significant portion of the intrinsic value of blockchain is contingent upon immutability and simultaneously the transparency of the underlying ledger.
Blockchains that have all data of every smart contract and transaction publicly visible are limited in their capacity to generate effective use cases where privacy is a fundamental component of the feasibility of the application. There has never been a greater need for privacy solutions inside and outside the blockchain space. While transactional privacy has long been a point of focus for a variety of privacy focused protocols, there remains the need for a protocol where the degree to which the underlying data is exposed is programmable by default.
The intent of the Secret Network is to be an open source protocol that enables a wide range of privacy preserving tools and applications through programmable privacy – improving the adoption and usability of decentralized technologies. It is imperative that users in the blockchain domain have accessible alternatives to applications that do not respect their right to privacy. This alternative is made possible by the next generation of smart contracts – Secret Contracts. These contracts enable encrypted input, state, and output allowing for a wide degree of flexibility with both design and implementation decisions.
White Paper Link: Secret SCRT White Paper
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