Question 1

What is SCRT?

Accepted Answer

SCRT is the native coin of Secret Network. It serves three network functions: paying the Gas required for transactions and computation, supporting validators in maintaining network security through staking, and voting on network governance proposals. SCRT is a public on-chain asset; balances and interactions involving the coin can be verified on-chain by default. This does not conflict with the network's private-computing capabilities, because privacy features are provided by the specific implementation of the private contract or Secret Token being used.

Question 2

How are SCRT Gas fees determined?

Accepted Answer

When submitting a transaction or calling an on-chain function, users pay Gas in SCRT. Gas measures the block space and computing resources consumed by a transaction; the final fee can be understood as “the Gas units consumed by the transaction × the applicable price per unit of Gas.” Validators can configure the minimum Gas price they require to accept transactions, so the actual SCRT cost of the same type of operation can vary with validator settings and the resources required by the transaction. Fees make resource use costly, thereby increasing the cost of continuously sending a large volume of transactions for a denial-of-service attack.

Question 3

What is the purpose of staking SCRT, and where do rewards come from?

Accepted Answer

Staking SCRT is a way to participate in network security through delegated proof of stake. Holders can delegate SCRT to validators; validators receive validation and voting weight from the combined staked SCRT of themselves and their delegators, and run infrastructure to participate in the network. Rewards come from inflation rewards issued by the network to security participants and from transaction fees. Validators charge a commission on the inflation rewards generated by their delegators, and the remainder is distributed to delegators according to their staking relationship; therefore, outcomes are affected by validator commissions, network rules, and staking status.

Question 4

How does SCRT participate in governance?

Accepted Answer

Governance voting on Secret Network is weighted by staked SCRT: each staked SCRT corresponds to one vote. Validators vote according to the total staked amount delegated to them, so delegators are affected by the voting behavior of their chosen validator by default. Delegators can vote themselves to override their validator's choice for that delegated stake. Official documentation states that proposal voting periods last 7 days; once quorum is reached, a simple majority of staked SCRT determines whether a proposal passes, and votes can be changed until the final block.

Question 5

Are SCRT transfers completely private?

Accepted Answer

No. SCRT itself is a public on-chain asset, and related balances and interactions such as recipients are publicly verifiable by default. Operations that use SCRT to pay Gas also leave visible records as on-chain interactions. Secret Network's confidential-computing capabilities are mainly provided by implementations of private smart contracts and Secret Tokens; they can protect the privacy of certain inputs, outputs, states, or metadata. The scope of privacy depends on the particular asset and application actually used and cannot be inferred merely from “using SCRT.”

Question 6

Is SCRT's supply fixed?

Accepted Answer

SCRT has no fixed maximum supply. The network continuously distributes SCRT rewards to stakers who participate in maintaining security through inflation, so supply changes under this issuance mechanism rather than being fixed in advance at a maximum amount. This mechanism links new issuance to security participation: stakers receive rewards for helping secure the network; unstaked holders do not participate in those rewards, and the relative share of their holdings in total supply may be diluted by new issuance. The specific inflation level varies according to network parameters and staking status.

Question 7

What is the core feature of Secret Network?

Accepted Answer

The core feature of Secret Network is confidential computing: the network can process sensitive data in private smart contracts while execution and consensus are still completed by a distributed network. It seeks to address the fact that state and interaction data in traditional public smart contracts are generally visible to all observers. This capability does not mean that all on-chain content is inherently private. Applications need to use corresponding private-contract and asset designs, and users should distinguish between public SCRT fee interactions and the specific data that may be protected at the application layer.

Secret (SCRT) Price