{"id":28916,"date":"2020-08-28T12:55:38","date_gmt":"2020-08-28T10:55:38","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=28916"},"modified":"2020-08-28T12:55:38","modified_gmt":"2020-08-28T10:55:38","slug":"enigma-powered-secret-network-is-introducing-secret-contracts-to-blockchain","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/enigma-powered-secret-network-is-introducing-secret-contracts-to-blockchain\/","title":{"rendered":"Enigma-Powered Secret Network is Introducing Secret Contracts to Blockchain"},"content":{"rendered":"
After smart contracts introduced by Ethereum<\/a><\/strong>, privacy-focused public blockchain platform Secret Network<\/a><\/strong> is introducing smart contracts to the universe. The launch of secret contracts is scheduled for September 15th, 2020.<\/p>\n Secret Network announced<\/a><\/strong> the news in a blog post published on Thursday, August 27. According to Secret Network, the introduction of secret contracts would make it the \u201cfirst layer-one blockchain to enable general-purpose private computation across a distributed system of nodes equipped with secure enclaves.\u201d<\/em><\/p>\n Secret Network is the first public blockchain with data privacy for smart contracts. The company\u2019s mainnet went live in February 2020. After years of development and two public testnets, Secret Network is now ready to bring its secret contracts to life. The proposal to introduce secret contracts to the mainnet will be made on September 8th, 2020. If passed by the community, secrets contracts will be implemented in the next upgrade on September 15, 2020.<\/p>\n Now for the first time in blockchain history, developers will be able to build and deploy secret smart contracts that can utilize encrypted inputs, outputs, and state on public blockchains. The company said that it was also building connections with Ethereum, Cosmos Hub, and other networks, to bring its innovation to the entire blockchain universe.<\/p>\n <\/p>\n The Secret Network was launched in February of 2020 by over twenty independent validators from the existing community of Enigma<\/a><\/strong>, an Israel and US-based that builds privacy-focused technologies and networks. The network was first given the name of Engima Blockchain. Then in May, the network was rebranded to Secret Network.<\/p>\nHistory of Secret Network<\/strong><\/h2>\n