A Look at Secret Network

Secret Network is a Layer 1 blockchain built using the Cosmos SDK, leveraging a Proof-of-Stake (PoS) mechanism based on the Tendermint Byzantine Fault Tolerance (BFT) consensus algorithm. Launched in February 2020, it was touted as one of the first privacy-focused smart contract platforms in the public blockchain space. 

This research piece explores the need for programmable privacy in blockchain, key technical features of the Secret Network, use cases for privacy-preserving smart contracts, and an outlook on the future potential of the network.