SCRT (Secret Network) is a blockchain platform that aims to provide privacy and secure computation capabilities for decentralized applications. It uses a modified version of the Ethereum codebase and is compatible with Ethereum Virtual Machine (EVM) smart contracts. The native token of the Secret Network is called SCRT, which is used for network governance, staking, and transaction fees.
The Secret Network enables developers to build decentralized applications that can process sensitive data in a privacy-preserving manner, such as healthcare data, financial data, and identity information. It uses a technology called Trusted Execution Environments (TEEs) to provide secure computation capabilities, which protect the privacy of data and computations even from nodes running the network.
As with any investment, it is important to consider the risks before investing in SCRT or any other cryptocurrency. The cryptocurrency market is highly volatile, and investing in cryptocurrencies can be risky. The value of cryptocurrencies can fluctuate rapidly and unpredictably, and investors may lose their entire investment. It is important to conduct thorough research and consider personal financial circumstances before investing in any cryptocurrency.