Hidden contracts will soon carry public Blockchains with privacy features

Programmable secrecy is about to become a reality. 
The Secret Network Opensource Blockchain Protocol declared its intention to connect its mainnet to privacybased secret contracts. After the resolution is passed by the group, the upgrade will take effect on September 15. 

Developers will have the ability to create and deploy socalled “hidden” smart contracts that use encrypted inputs , outputs, and states, according to the foundation ‘s announcement. Secret contracts may allow several different blockchains to use private information in decentralized apps without compromising the personal security of their users. 

Explained the foundation:

“Secret contracts allow for programmable privacy, allowing for arbitrarily complex data privacy controls to be implemented inside applications. The flexible encryption capabilities and controls offered by programmable privacy unlock the potential value of the decentralized web.”

To help increase the mass adoption of secret contracts by public blockchains, the Secret Network focuses on embedding new secret contract developers, secret node operators, and community members. 

Hidden tokens, which are privacybased assets that are programmable like ERC20s but private like zCash, will also be introduced by the foundation. Secret Network noted that it hopes this would also reinforce DeFi’s mass adoption.

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