According to CoinGecko, a cryptocurrency called Secret (SCRT) has risen 97% in the past seven days, rising from around $ 4.50 to its current price of $ 8.87 at press time.
The rapid surge in SCRT outperforms Bitcoin and Ethereum in the same timeframe, which has increased by around 1% and 11%, respectively.
Source: CoinGecko
The altcoin’s market cap has skyrocketed to $ 1,310,576,878 at press time.
Secret switched from Enigma (ENG) to SCRT late last year, with Binance being the first major exchange to support the new cryptocurrency.
The platform’s original goal was to provide security to smart contract platforms like Ethereum.
However, since the transition, the network’s mission has also changed and Secret is now a decentralized proof-of-stake blockchain designed to support a new ecosystem of decentralized applications (DApps) to protect user privacy.
The platform uses the Cosmos SDK and Tendermint consensus protocol so users can revoke native SCRT governance tokens to protect the network and earn rewards.
To date, 13 decentralized applications are running in the Secret network.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Annie
According to Dailyhodl
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
Willemstad, Curaçao, 4th November 2024, Chainwire
London, UK, 4th November 2024, Chainwire
November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…
OpenSea new version is scheduled to launch in December, with an improved user experience, improved…
This website uses cookies.