#SCRLaunchpoolStarts! Secret (SCRT) and Tether (USDT) are two distinct cryptocurrencies that operate on different blockchains and serve different purposes. Here’s a quick overview of each:
1. Secret (SCRT)
Blockchain: Secret Network (Layer-1 blockchain)
Purpose: SCRT is the native cryptocurrency of the Secret Network, a privacy-focused blockchain. Unlike most other blockchains where transactions and data are public, Secret Network uses encrypted smart contracts (Secret Contracts), allowing for private data handling.
Main Features:
Privacy for smart contracts.
Enables decentralized applications (dApps) that can preserve user privacy.
Staking, governance, and securing the network through Secret Validators.
Use Cases: Privacy-preserving DeFi, NFTs, gaming, and dApps.
Symbol: SCRT
