Abstract. A range of blockchain protocols have enabled a host of decentralized applications and usability based on the programmatic nature of smart contracts and interoperability. Open-source projects have thrived, with rapid adoption of a variety of decentralized internet protocols. A significant portion of the intrinsic value of blockchain is contingent upon immutability and simultaneously the transparency of the underlying ledger. Blockchains that have all data of every smart contract and transaction publicly visible are limited in their capacity to generate effective use cases where privacy is a fundamental component of the feasibility of the application. There has never been a greater need for privacy solutions inside and outside the blockchain space. …
Greetings Ocean & Secret Network community.
Due to the amazing potential of both protocols, the possibilities with what can be built at scale are extremely exciting. Long term collaboration is critical in order to create a thriving ecosystem of data with privacy preservation as a core component. As such, the Ocean X Secret Network dev work group was created to address the need for long term dev support between the two ecosystems.
Interested in joining? Use the link below to get started with this group!
Greetings Secret Network community.
Amidst the constant innovation and activity occurring with Secret Network it can be difficult to track the the progression of the network as it pertains to its various aspects. Monthly reports help us understand dev tooling, use cases, blogs, community highlights, and a range of other avenues. Decentralization reports help track the changes in the network as it pertains to voting power and delegator sentiment— an important goal post that must constantly be tracked. The goal of the Governance/Proposal report is to give a post-proposal examination into the project in the most objective way possible.
At Secure Secrets, we believe it is key that proposals are analyzed to get a better understanding of…
Beginning in August of 2020 Secure Secrets began tracking the decentralization of the Secret Network. We believe this is an important step for bringing healthy awareness surrounding decentralization. As we all know, decentralization is an important attribute that is key to security, governance, and our ethos as an ecosystem.
The good news is that the Secret Network ecosystem has seen excellent progress since August 2020. The bad news is that November to December saw the first increase in centralization of the network since June of 2020.
This report will always be transparent and objective with its quantitative metrics; at Secure Secrets we believe an open and honest dialogue is always key. …
Greetings Secret Network and Secure Secrets Delegator community.
This year has been quite the ride — content, tools, and contributions have been our primary focus. We will always strive to “Stake. Create. Develop.” to the best of our ability!
For many people, 2020 will forever go down as a beacon of both hope and danger.
People were thrown into isolation, forced to drastically modify their habits and redefine what their “normal” looks like. Seniors in highschool didn’t have a shot at prom, graduates of college faced a spooked job market, parents taught their kids from home, and the price of webcams increased by 4x. Generation Zoomer took on a whole knew meaning — human connectivity evolved in the direction where a face on the other side of a glass screen would have to suffice.
On the other hand, people learned the value of just that. …
In order for a blockchain network using PoS consensus algorithm to maintain consistent throughput of transactions there are three key factors that a validator node must actively manage: uptime, block creation, and integrity. If any of these three factors are violated, the network’s overall quality as it pertains to security and throughput are placed in jeopardy. Slashing is the protocol “lever” that incentivizes nodes to have excellent uptime, throughput, and non-malicious contributions to the underlying network. PoS consensus is contingent upon token ownership and staking.
As such, slashing is the on-chain mechanism that leverages this fact by publicly destroying a portion of the total staked tokens of a validator node that is not performing up to par with the networks standards as it relates to the three key factors previously mentioned. …
Welcome to “Secret Happy Hour” — a weekly Secret Network community event every Tuesday from 7:00–8:00 pm. CST devoted to bringing privacy advocates, builders, creators, learners, investors, and community members together in a casual environment.
During this Secret Happy Hour, the goal is to build a sense of community through storytelling, Q&A, conversations surrounding our shared ethos, and games. Perhaps one of the easiest and most valid criticisms of any blockchain community is the barrier of entry. I think back to 2017 when I first began to learn about cryptocurrency and blockchain. I’d listen into podcasts and get excited about the future. I wanted to contribute. I wanted to figure out how I could get involved. But for me, I had difficulty finding a place where I could feel connected and accepted about the stage of learning I was at. …
On June 24th, 2020 (163 days ago) the burn contract for SCRT was initiated. This burn contract enabled owners of ERC-20 token ENG to convert their cryptocurrency to SCRT — the native token of the Secret Network.
Sneak peak image:
The launch of the Secret Network has brought a roar of activity to the Secret
Network. The network has become more decentralized since October in a tangible way. In November, there were 49 active validators on the Secret Network, a 23% increase from the previous month. Total number of addresses delegating increased to 1460, an excellent increase from October. November has also seen a drastic increase in total bonded SCRT to 53.553%, an increase of 5.72% from October, which outgrew the bonded rate jump from September to October by almost a full percentage. …