Tor Bair of Secret on Why Private Smart Contracts Are Important - Ep.286

Secret Network is a privacy-first, permissionless layer 1 blockchain built for computational privacy. Tor Bair, founder of Secret Foundation, a developer of Secret Network, discusses what makes Secret Network unique, including smart contract privacy, private metadata for NFTs, and how regulators should treat privacy tech in blockchain. Show highlights:

• how Tor fell down the crypto rabbit hole
• what the Secret Network is and how it is bringing privacy to blockchain
• why public blockchains are problematic
• what makes Secret Network different from Monero or Zcash
• how Secret Network works from a technical perspective
• what type of applications Secret Network can support that public blockchains cannot
• why blockchain voting is probably a bad idea (for now)
• what attack vectors exist regarding Secret Network
• how Secret Network nodes work and why there are only 50 of them
• how Secret Network fixes miner extractable value (MEV)
• what DeFi applications are possible on Secret Network
• how NFTs on Secret Network are different from public blockchain NFTs
• how regulators should treat Secret Network

 

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Episode Links

 

Tor Bair

• Twitter
• • https://twitter.com/TorBair  
• Website
• • http://www.torbair.com/
• Medium
• • https://medium.com/@TorBai

Secret Network

• Primers
• • Messari: 
  • • https://messari.io/asset/secret-network/profile
    • https://messari.io/article/shhhhh-it-s-a-secret-network 
  • Decrypt: 
  • • https://decrypt.co/resources/what-is-secret-network-scrt-formerly-enigma 
  • Coin Monks:
  • • https://medium.com/coinmonks/what-is-secret-network-bad9a233c481 
  • Tech Crunch: 
  • • https://techcrunch.com/2021/05/03/in-the-race-towards-web-3-financial-privacy-secret-network-attracts-backing-from-key-players/ 
• Introduction from Enigma/Secret
• • Article:
  • • https://blog.enigma.co/introducing-secret-network-ed48621754ad 
  • Video: 
  • • https://www.youtube.com/watch?v=c70BBVUCxxk 
• Tech
• • Smart contracts → Secret contracts
  • • https://scrt.network/blog/programmable-privacy/
  • Upcoming Supernova upgrade (November 9)
  • • https://scrt.network/blog/supernova-explosive-vision-future-secret-network 
  • Secret NFTs (only the holder can view the NFT)
  • • https://scrt.network/blog/secret-opensea-partner-nfts-world-renowned-artist
    • https://www.yahoo.com/now/secret-network-partners-opensea-launch-130000946.html 
• SCRT Tokenomics
• • https://scrt.network/blog/secret-network-tokenomics-and-ecosystem-pool 
  • https://scrt.network/about/about-scrt 
• Secret Network block-explorer/node explorer
• • https://secretnodes.com/secret/chains/secret-3 
• Ecosystem
• • https://scrt.network/ecosystem/overview 
• Graypaper
• • https://scrt.network/graypaper 
• Node information
• • https://docs.scrt.network/node-guides/secret-nodes.html 

 

Enigma 

• Original ICO
• • `https://icodrops.com/enigma/ 
• Research
• • https://picoloresearch.com/upload/attachment/14614.pdf 
• Enigma token swap
• • https://medium.com/staky-io/how-to-swap-eng-enigma-to-scrt-secret-f80d855992ef 
  • https://blog.enigma.co/enigma-announces-settlement-with-sec-and-successful-launch-of-enigma-mainnet-3811ef291705 
  • https://beincrypto.com/privacy-token-enigma-files-with-sec-after-settlement/ 

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