Secret Price, News and Analysis (SCRT)

Secret (SCRT) Frequently Asked Questions

What is Secret?

Secret Network is a blockchain that allows privacy-preserving smart contracts. That means applications built on Secret can utilize encrypted data without revealing it to anyone, even the nodes in the network. Using privacy technologies (such as trusted execution environments), Secret Network allows developers to build new types of powerful, permissionless, privacy-preserving applications - Secret Apps. Secret is the native coin of the Secret Network Enigma (ENG) swapped to SCRT on a 1:1 basis. (Description provided by CryptoCompare)

How do I buy Secret?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Secret.

Where can I get Secret wallet?

Secret produces its own wallet software that is available for download on its website, which allows you to store Secret on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Secret?

One Secret (SCRT) is currently worth $4.67 on major cryptocurrency exchanges. You can also exchange one Secret for 0.00007514 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Secret in U.S. dollars is $699.76 million.

What hashing algorithm does Secret use?

Secret is a proof of work (PoW) and proof of stake (PoS) coin that uses the X11 algorithm.

How do I mine Secret?

Secret can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Secret and access to a mining pool that pools your effort with other miners and a wallet to store the Secret that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

What coins are similar to Secret?

The following coins use Secret's X11 algorithm and proof of work (PoW) and proof of stake (PoS) proof-type: Dash, DigitalBits, Boson Protocol, MimbleWimbleCoin, Meme, Pinkcoin, SYNC Network, CPChain, I/O Coin, Tapmydata, Memetic / PepeCoin, Enigma, Degenerator, ATMChain and Synergy.