SecretSwap has carved out a unique space for itself in the blockchain world because of its default privacy features. SecretSwap users can build and use any application without permission, while preserving complete secrecy. This can open up Web 3 usage to possibilities never seen before.
SecretSwap works with the fully decentralized network of secret nodes called the TEEs (trusted execution environments). The TEEs acts like a kind of black box that retains and processes all data in an encrypted form. TEE functions can be used in smartphones or video game consoles and many other platforms for everyday use.
As the TEEs retain the data in an encrypted form, users require special viewing keys to access this data. But these viewing keys can be shared explorers, wallets, and even auditors. Users who choose SecretSwap get complete control over their data and decide who gets to access their data.
SecretSwap has a number of secret applications. There are secret tokens for the privacy of assets while transacting on public blockchain networks. Secret Bridges and Secret Finance maintain the privacy of financial data on blockchains. There are Secret NFTs for complete control over data sharing for nontransferrable tokens.
SecretSwap has decided to launch SEFI, its governance token on the BSC (Binance Smart Chain). SEFI’s model is one of a kind in the digital finance economy as every single vote will be kept private. SEFI will be launched through a partnership with ApeSwap. ApeSwap will become SecreSwap’s first global DEX partner for the Binance Smart Chain. Users can expect new features like SEFI listing, SEFI pools, and SEFI farming.
Industry experts are going to keep a keen eye on further developments of this platform to see how far SEFI’s on-chain private DOA attracts users.