full image - Repost: Secret Network (from Reddit.com, Secret Network)
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With the transition from ENG to the SCRT token completed in January 2021, effectively ending the book on the former Enigma project, Secret Network is trying to build a future that includes interoperability with other blockchains. Lack of inter-string compatibility may limit the Secret Network's appeal and ultimately prevent it from gaining as wide distribution or utility as the community developers envision.Secret Network is also achieving great decentralized finance growth through its Secret DeFi initiative and launched SecretSwap decentralized exchange in February 2021. According to a Secret Network FAQ, “Part of our vision has always been privacy for every blockchain,” and this calls for Cosmos blockchain connectivity and interoperability as another potential initiative in the scenario.In addition, Secret Network seems to be focused on getting more developers to build their decentralized applications on the blockchain, thus showing off more use cases in the process. It is not the only blockchain with privacy-focused smart contracts (another example is the Oasis network), and there are other potential solutions to the dilemma of handling sensitive data on a blockchain, such as secure multiparty computing. It remains to be seen if Secret Network's solution will outperform others currently on the market, or even on the horizon.
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