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.