Secret Network Launches Privacy-Preserving Smart Contracts and New Features
What is Secret Network?
Launched in 2020, Secret Network is a Layer 1 blockchain focused on privacy-preserving smart contracts. It encrypts all data, including input, output, and state.
Key Features
- Powered by Trusted Execution Environments (TEEs), ensuring privacy while allowing for auditing.
- Built on the Cosmos SDK and IBC-enabled, enabling interoperability with all Cosmos chains and integration with over 30 EVM chains.
- Offers a Confidential Computing Layer that supports privacy-first dApps across various platforms.
SecretVM: Confidential Applications
SecretVM enables the deployment of confidential virtual machines using containerized workloads. This allows any application to operate privately and cryptographically verifiable.
SecretAI: Privacy-First Intelligence
The SecretAI SDK provides tools for developers to create privacy-preserving AI applications within trusted environments.
- Run LLMs and AI agents securely.
- Protect sensitive data and generate attestations for AI decision-making.
Importance of Secret Network
Secret addresses the vulnerabilities of public blockchains regarding sensitive data, advancing towards Decentralized Confidential Computing (DeCC).
- Facilitates private DeFi with encrypted logic.
- Ensures data protection for AI agents and confidential DAOs.
Future Developments
- Ongoing rollout of SecretVM across supported platforms.
- Expansion of SecretAI into enterprise applications.
- Integration with more Layer 1 and Layer 2 solutions.
- Performance improvements for GPU workloads and TEE operations.
Fun Fact
In 2024, Secret integrated its Confidential Computing Layer with over 30 chains, demonstrating robust privacy features and interoperability.