## संडे स्वैप क्या है?

सुंडे स्वैप एक विकेंद्रीकृत एक्सचेंज प्रोटोकॉल है जो कार्डानो इकोसिस्टम के भीतर काम करता है, जिसे मूल टोकन और ADA के आदान-प्रदान को सुरक्षित और विकेंद्रीकृत तरीके से सुविधाजनक बनाने के लिए डिजाइन किया गया है। यह मंच उपयोगकर्ता अनुभव को बढ़ाने और कार्डानो ब्लॉकचेन इकोसिस्टम के विकास को बढ़ावा देने के लिए अपनी व्यापक सेवाओं के सूट के लिए खड़ा है।

इसके मूल में, सुंडे स्वैप उपयोगकर्ताओं को एक स्वचालित तरलता प्रदान प्रोटोकॉल के माध्यम से व्यापार में संलग्न करने की अनुमति देता है। इसका मतलब है कि यह विभिन्न क्रिप्टोकरेंसियों के स्वैपिंग, स्टेकिंग, उधार देने, और उधार लेने की अनुमति देता है बिना किसी केंद्रीय प्राधिकरण की आवश्यकता के, जिससे लेनदेन एक विश्वासहीन वातावरण में किए जाते हैं।

सुंडे स्वैप का शासन इसके टोकन धारकों के हाथों में है, विशेष रूप से उन लोगों के जो सुंडे टोकन रखते हैं। निर्णय लेने में इस लोकतांत्रिक दृष्टिकोण से सुनिश्चित होता है कि विकास और संचालनात्मक निर्णय समुदाय के हितों को प्रतिबिंबित करते हैं। इसके अतिरिक्त, सुंडे स्वैप एक TypeScript सॉफ्टवेयर विकास किट (SDK) प्रदान करता है, जिसका उपयोग डेवल

### संडे स्वैप कैसे सुरक्षित है?

सुंडे स्वैप अपनी सुरक्षा सुनिश्चित करने और कार्डानो नेटवर्क पर अपने विकेंद्रीकृत एक्सचेंज प्रोटोकॉल की अखंडता बनाए रखने के लिए एक बहुआयामी दृष्टिकोण का उपयोग करता है। मंच की सुरक्षा ढांचा विकेंद्रीकृत शासन में निहित है, जो सुंडे टोकन धारकों को निर्णय लेने की प्रक्रियाओं में भाग लेने की अनुमति देता है, जिससे मंच की लचीलापन और अनुकूलनशीलता में योगदान होता है।

क्रिप्टोग्राफिक सुरक्षा उपाय सुंडे स्वैप के रक्षा तंत्रों की रीढ़ हैं। ब्लेक2बी 256-बिट हैश एल्गोरिथम का उपयोग मंच की उच्च सुरक्षा मानकों को बनाए रखने के प्रति प्रतिबद्धता का प्रमाण है। यह क्रिप्टोग्राफिक हैश फ़ंक्शन संभावित हमलों के खिलाफ मजबूत सुरक्षा प्रदान करने के लिए डिज़ाइन किया गया है, सुनिश्चित करता है कि मंच पर लेनदेन और डेटा सुरक्षित हैं।

इन मौलिक सुरक्षा उपायों के अतिरिक्त, सुंडे स्वैप ने निरंतर ऑडिट और जोखिम निवारण रणनीतियों को लागू किया है। ये ऑडिट नियमित रूप से स्वतंत्र सुरक्षा विशेषज्ञों द्वारा किए जाते हैं ताकि मंच के भीतर संभावित कमजोरियों की पहचान की जा सके और उन्हें संबोधित किया जा सके। जोखिमों का सक्रिय रूप से प्रबंधन करके और अप

### सन्डे स्वैप का उपयोग कैसे किया जाएगा?

सुंडे स्वैप कार्डानो ब्लॉकचेन पर बना एक विकेंद्रीकृत एक्सचेंज (DEX) है, जो ट्रेडिंग को सुविधाजनक बनाने के लिए स्वचालित बाजार निर्माता (AMM) मॉडल का उपयोग करता है। यह मंच उपयोगकर्ताओं को बिना किसी मध्यस्थ की आवश्यकता के पीयर-टू-पीयर क्रिप्टोकरेंसी लेनदेन में संलग्न करने की सुविधा देता है, जिससे ट्रेडों की सुरक्षा और गोपनीयता बढ़ जाती है। यह मंच टोकन स्वैप्स सहित विभिन्न संचालनों का समर्थन करता है, जहां उपयोगकर्ता मंच पर सीधे एक क्रिप्टोकरेंसी को दूसरे के लिए आदान-प्रदान कर सकते हैं।

ट्रेडिंग के अलावा, सुंडे स्वैप लिक्विडिटी पूल प्रदान करता है। उपयोगकर्ता इन पूलों में अपनी संपत्तियों का योगदान दे सकते हैं ताकि मंच पर ट्रेडिंग को सुविधाजनक बनाया जा सके और बदले में, वे अपनी प्रदान की गई लिक्विडिटी की मात्रा के आधार पर इनाम कमा सकते हैं। यह प्रणाली उपयोगकर्ताओं को मंच को लिक्विडिटी प्रदान करने के लिए प्रोत्साहित करती है, सुनिश्चित करती है कि ट्रेडों को निष्पादित करने के लिए हमेशा एक रिजर्व उपलब्ध हो।

एक और मुख्य विशेषता क्रिप्टोकरेंसियों को स्टेक करने की क्षमता है। उपयोगकर्ता नेटवर्क का समर्थन करने के लिए अपने टोकनों को लॉक कर स

### यहाँ सामग्री है सन्डे स्वैप के लिए क्या मुख्य घटनाएँ हुई हैं?

सुंडे स्वैप ने विकेंद्रीकृत वित्त (डीफी) स्थान में कई महत्वपूर्ण मील के पत्थरों के साथ अपनी उपस्थिति दर्ज की है। कार्डानो नेटवर्क पर एक विकेंद्रीकृत एक्सचेंज प्रोटोकॉल के रूप में, इसने उपयोगकर्ता अनुभव और कार्यक्षमता को बढ़ाने के लिए विभिन्न विशेषताएं और अपडेट पेश किए हैं।

सुंडे स्वैप के लिए एक निर्णायक क्षण इसके गवर्नेंस प्लेटफॉर्म का शुभारंभ था। यह विकास महत्वपूर्ण था क्योंकि इसने समुदाय को सशक्त बनाया था, टोकन धारकों को निर्णय लेने की प्रक्रियाओं में भाग लेने की अनुमति देकर, इस प्रकार एक अधिक लोकतांत्रिक और विकेंद्रीकृत पारिस्थितिकी तंत्र को बढ़ावा दिया।

एक और उल्लेखनीय घटना वासिल हार्ड फोर्क के साथ एकीकरण था। कार्डानो ब्लॉकचेन पर यह उन्नयन स्केलेबिलिटी और लेन-देन की क्षमता में सुधार के उद्देश्य से था। सुंडे स्वैप का इस हार्ड फोर्क के लिए अनुकूलन इसकी प्रतिबद्धता को दर्शाता है कि वह अपने उपयोगकर्ताओं के लिए एक सहज और कुशल ट्रेडिंग अनुभव प्रदान करने के लिए नवीनतम तकनीकी उन्नतियों का लाभ उठाने के लिए प्रतिबद्ध है।

इसके अलावा, कार्डानो पर सुंडे स्वैप के विकेंद्रीकृत स्वचालित मार्केट मेकर (एएमएम)



Alonzo Upgrade Opens the Door for Cardano DApps

SundaeSwap is a decentralized exchange protocol for the Cardano Network, enabling native token and ADA exchanges for anyone. With its protocol, you will be able to swap, stake, lend, borrow, and more in a truly decentralized way!

SundaeSwap

Daedalus

Lace

Cardano

Snek

IAGON

Minswap

Book.io

Indigo Protocol

Hosky Token

KubeCoin

AdaSwap

Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment.

Moonbeam is much more than just an EVM implementation: it’s a highly specialized parachain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The Moonbeam platform extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations.

Moonbeam’s Ethereum compatibility is unmatched:

Minimal Changes: developers can use existing Solidity smart contracts right away, with no need to rewrite or reconfigure

Use Existing Developer Tools: connect popular tools like MetaMask, Hardhat, Waffle, Remix, and Truffle via a complete set of Web3 RPC endpoints. Use well-known Javascript libraries such as Web3.Js or Ethers.Js.

Unified Accounts, Addresses, and Signatures: use your existing Ethereum H160 accounts & ECDSA signatures to interact with Moonbeam

Tap into the Most Integrations on Polkadot: use existing oracles, bridges, wallets, and other tools that are already building on Moonbeam

Moonbeam provides integration and connectivity between Polkadot Parachains as well as with other chains such as Ethereum and Bitcoin via bridges. Moonbeam was started in 2019 by Derek Yoo of Pure Stake.

Moonbeam

COTI is a fast and light confidentiality layer on Ethereum. Powered by the breakthrough cryptographic protocol Garbled Circuits and secured by Ethereum, COTI introduces the most advanced and compliant solution for data protection on the public blockchain. Paving the way for the next wave of Web3 innovation and adoption, COTI unlocks a whole new world of use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.

COTI

Acala Token

Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.

It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks.

This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes.

Moonriver

Kadena is a proof-of-work blockchain that combines the PoW consensus mechanism from Bitcoin with directed acyclic graph (DAG) principles to offer a scalable version of Bitcoin. Kadena claims it can provide the security of Bitcoin while being able to offer unparalleled throughput that makes the blockchain usable to enterprises and entrepreneurs alike. Kadena's unique infrastructure is decentralized and built for mass adoption because of its multi-chain approach.

Kadena promises industrial scalability that can support global financial systems and can be scaled as necessary. It also vows to remain energy-efficient at scale and deliver more transactions with the same energy input, another difference to Bitcoin. Moreover, Kadena offers crypto gas stations, which allow businesses to pay for their customers' gas fees and remove a massive pain point in adopting blockchains for business.

Kadena has already scaled its network from 10 to 20 blockchains and can do so again in the future, if necessary. This final addition to Kadena was its private Kuro layer-two blockchain, which supports up to 8,000 transactions per second across 500 nodes.

Kadena

What Is Velas (VLX)?
Velas is a pioneering solana L1 Fork with Full EVM blockchain bridging the gap between EVM familiarity and unparalleled performance.

Velas is an highly unique dual-chain architecture, seamlessly merging the best of both worlds: the robust security and established developer ecosystem of the EVM with the lightning-fast transaction processing capabilities of Solana. This hybrid approach unlocks a treasure trove of possibilities for Ethereum projects seeking to escape congestion and scale to new heights.

The defining feature of Velas lies in its full EVM compatibility. Existing Ethereum smart contracts can be migrated seamlessly with a single click, eliminating the need for costly code rewrites and preserving the valuable expertise invested in the EVM ecosystem. This one-click migration paves the way for a smooth transition, allowing developers to leverage their existing skills and tools on a platform built for speed and scalability.

It leverages the power of Solana’s parallel transaction processing to deliver lightning-fast speeds exceeding 75,000 TPS. This translates to near-instantaneous transaction finality and minimal fees, a stark contrast to the congested and expensive environment of Ethereum. For dApps and users, this translates to a smoother, more efficient experience.

But speed is just the beginning. Velas is also:

Decentralized: No central authority controls the network. Power is in the hands of the community through a secure Proof-of-Stake (PoS) consensus mechanism.

Carbon-neutral: Velas is committed to sustainability, utilizing a green PoS mechanism that minimizes energy consumption.

Accessible: Building on Velas is a breeze with its extensive developer tools and EVM/Solidity support.

Velas

Efinity is a cross-chain NFT platform developed by Enjin and built on Polkadot. Efinity was created as the next generation blockchain for digital assets with the aim of adapting to the challenges of the world of non-fungible tokens (NFTs), according to the project.

The main specialization of the Efinity project is the NFT space. With the protocol, traders and gamers can create, distribute, transfer, sell and buy NFTs. Efinity aims to remove barriers to entry into the NFT space/decentralized gaming, and to simplify user experience and digital asset governance.

Efinity Token powers the entire Efinity ecosystem, EFI aims to prioritize the generation, transfer and purchase of tokens using an inter-chain infrastructure of protocols resulting in lower transaction fees. As for incentives, rewards on PoW blockchains with NFT functionality go to miners who create/trade tokens, thereby forming a community.

One of the long-term goals of Efinity is to become a hub for both fungible and non-fungible tokens, accepting tokens from any other chain, facilitating the pricing and exchange of NFTs, increasing transaction volume, and creating network effects.

In December 2021, the project won the Polkadot parachain auction, and in March 2022, Enjin launched their flagship parachain Efinity on the Polkadot Relay Chain — a blockchain platform that provides a decentralized parachain network where people havecontrol over their data and identity.

Efinity Token

Wilder World

Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium looks to provide a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features.

To learn more about this project, check out our deep dive of Illuvium.

The world of Illuvium is inhabited by creatures known as Illuvials, who can be captured by players that best them in battle and nurse them back to health. From then on, they become a loyal part of the player’s collection and can be used when battling other adventurers as part of Illuvium’s auto battler gameplay.

The game is a fusion between an open-world exploration game and a PVP battle game. Players can spend their time exploring the expanses of the game world or building up their team of powerful beasts.

Illuvium has been in development since 2020, and is being built by a worldwide team of more than 40 individuals, including the co-founders; serial entrepreneur and early cryptocurrency adopter Kieran Warwick, and experienced game designer Aaron Warwick, who are brothers. (And who are coincidentally also the brothers of Kain Warwick, the co-founder of DeFi platform Synthetix).

The ILV token has a number of uses within the Illuvium ecosystem. It’s the main token used to reward players for their in-game achievements, entitles players to their share of the Illuvium Vault and is used for participating in the governance of the game via the Illuvium decentralized autonomous organization (DAO).

Illuvium

Verasity is an open-ledger ecosystem designed to fight advertising fraud, provide open access to infrastructure for publishers and advertisers, and reward users for watching video content. Verasity also provides payment solutions and a rewarding staking ecosystem with 15% yields guaranteed through to April 2024.

Powered by a mix of artificial intelligence (AI), machine learning (ML), and cutting-edge blockchain technologies, Verasity is building the most powerful advertising ecosystem in the world through VeraViews; developing an open-access payments platform through VeraWallet, the VeraCard, and VeraPay; and enhancing the attention economy through its patented Rewarded Video module.

Verasity

Bloktopia is a decentralized metaverse backed by and built on Polygon. In Bloktopia, a decentralized virtual reality skyscraper made up of 21 levels (as recognition to 21 million Bitcoin) acts as a central hub for users to have access to crypto information and immersive content in one place. The so-called Bloktopias can educate themselves in the basics or more advanced crypto learnings, earn revenue by owning virtual real estate, play games, build networks and more. Moreover, advertisers and sponsors can monetize the platform’s userbase through a dedicated NFT mechanism. By providing a VR experience for the crypto community, users can engage in an immersive environment according to Bloktopia’s four core pillars: learn, earn, play and create.

Bloktopia

Polkastarter is a decentralized fundraising platform empowering Web3 projects to launch and raise funds through multi-chain token pools whilst significantly growing their communities.

The platform supports initial dex offerings (IDOs) across major blockchains, including Ethereum, BNB Chain, Solana, Polkadot, Polygon, Avalanche and Celo.

The platform enables investors to secure early access to IDOs, NFTs and Gaming Web3 innovation. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time.

Through Polkastarter, blockchain projects can easily create their own fixed-chain swap pools, which allow them to securely raise funds, while users can invest without risks, since swaps are automatically executed by smart contracts.

POLS is the native utility token of the Polkastarter platform. Its main utility is gaining access to pools and giving projects the option to give priority access to POLS holders. Users are incentivised to stake POLS, rewarding the most loyal members.

In Q4 2022, Polkastarter will release new community utility features, such as governance and POLS Power Boosters (increasing your allowlisting success). The platform first went live in December 2020, and has quickly grown to become one of the most commonly used platforms for initial DEX offerings (IDOs) operating on the Ethereum blockchain.

Polkastarter

Ultra is a publishing platform and ecosystem for video games and video game content. Ultra’s mission is to do away with the current monopoly held by publishing platforms like Steam and provide new opportunities to game developers, players, and influencers. Ultra promises a solution that is more equitable to players and developers alike. Players can benefit from immediately playable games, earn UOS by using the platform, and access platform-exclusive games. At the same time, developers benefit from access to more effective marketing tools and the potential for 20% higher sales revenue.

Besides content and game publishing, Ultra offers a demand-side and service-side platform for advertisers, the opportunity for players to resell their used games, and a platform-exclusive app.

Ultra

Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.

According to the project’s website, Harmony is expected to introduce cross-shard contracts and a cross-chain infrastructure by the end of 2021.

Harmony

HELLO Labs

Audius is a decentralized music streaming protocol initially built on POA network, but now living on Solana. Audius was launched to remedy the inefficiencies of the music industry, which is plagued by intransparent music rights ownership and intermediaries standing between artists and their audience.

Audius aims to align the interests of artists, fans, and node operators through its platform powered by its native AUDIO token. Artists can upload music, stored and distributed by content and discovery nodes, that fans can listen to for free. Currently, Audius rewards content creators through rewards like featuring in the weekly trending lists. In the future, it plans to integrate stablecoins for artists to offer paid content, as well as artist tokens that give fans the ability to access exclusive content, potentially cooperating with platforms like Rally.

Audius

Gala is a web3 ecosystem powered by a layer-1 blockchain (GalaChain) built to power the Gala entertainment ecosystem that originally included Gala Games, Gala Music and Gala Film. More recently however, GalaChain has opened its doors to external developers and projects from any applicable industry, providing open source developer resources to simplify the process.

On a mission to empower users and creators across multiple industries throughout the world, Gala’s goal is to become the first billion user blockchain in the world. Innovators can extend the benefits of web3 to their users and communities more easily than ever before by leveraging open source tools like the GalaChain SDK and Creator Portal.

By elevating their ideas to web3 through GalaChain, developers can create custom tokens, smart contracts, reward opportunities and node networks for their communities and projects. Assets built on GalaChain can also be bridged to other blockchains, such as Ethereum, Binance Smart Chain and more. Developers who wish to learn more about getting involved with GalaChain are welcome to reach out via GalaChain.com.

The core of GalaChain is powered by its DePIN (Decentralized Physical Infrastructure Network) of Founder’s Nodes, whose operators earn daily $GALA rewards for actively providing resources to the ecosystem and enjoy governance voting rights on certain core Gala decisions. In addition to the Founder’s Node network’s foundational workload, individual projects can also create Node networks on GalaChain with more specific workloads.

Gala.com
News.Gala.com
Games.Gala.com
Music.Gala.com
Film.Gala.com

Gala

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.

Fantom is a Layer-1 blockchain that uses a scratch-built consensus mechanism and independent consensus layer, Lachesis, to facilitate DeFi and related services on the basis of smart contracts. Lachesis provides security for other layers as well, including Opera, Fantom's EVM-compatible smart contract chain. The long-playing mission of the project is to “grant compatibility between all transaction bodies around the world.”

One of Fantom's key strengths is its performance and efficient transaction processing, namely thousands of transactions per second, where transactions are settled in 1-2 seconds, and the cost is fractions of a cent per transaction. As a result, Fantom provides higher scalability but at a lower cost.

The ecosystem is based on two main technologies: Lachesis protocol and Opera.

The Lachesis protocol is the core consensus layer that secures the Fantom network by providing both transaction speed and security.

Lachesis is an aBFT consensus engine that uses a directed acyclic graph (DAG) algorithm. How it works: network data can be processed at different times, and the network filters the participants, allowing only one third, which are allocated due to erroneous or malicious behavior, without compromising network processes.

Fantom's Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism maintains the efficiency of the entire network, its design provides security at maximum speed. Fantom developers emphasize that the PoS mechanism is a leaderless phenomenon — there are no leaders of blocks and participants, and anyone can join (or leave) the network of nodes at a convenient moment.

The key qualities of Lachesis are: asynchronous, leaderless, Byzantine fault-tolerant, and near-instant finality.

As for Opera, it's an application development layer or Fantom's mainnet deployment platform, permissionless and open-source hosting DApps. Thanks to EVM integration and support for the Solidity programming language, Fantom has a full set of smart contract capabilities, which allows users to seamlessly interact with Ethereum platforms while maintaining the advantage of Fantom's transaction efficiency.

The Fantom Foundation concluded that removing block leaders improves network security, so Opera uses a PoS model and leaderless validators (validators do not determine which blocks are valid).

In addition to being a fast, secure and cheap payment platform that enables to make fast and secure payments at minimal cost, Fantom also features on-chain governance where users vote with FTM tokens (one token equals one vote). Of the features: users have the right to express the degree of agreement / disagreement on a scale from 0 to 4.

FTM is the native utility in-house PoS token of Fantom that powers the ecosystem and is applied for payments, network fees, staking, and governance. FTM forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

Fantom

SingularityNET is a blockchain-powered platform that allows anybody to easily "create, share, and monetize" AI services, thanks to its globally-accessible AI marketplace.

Through the SingularityNET marketplace, users can browse, test and purchase a huge variety of AI services using the platform’s native utility token — AGIX. Moreover, the marketplace represents an outlet AI developers can use to publish and sell their AI tools, and easily track their performance.

With the benefits of LLMs and generative AI are increasingly exciting, their limitations are also becoming increasingly apparent. The convergence of structured knowledge with neural networks is emerging as the key to overcoming their shortcomings.

Uniquely positioned at the heart of this convergence, SingularityNET will prioritize the integration of Knowledge Graphs (KGs) and comprehensive Neural Symbolic tools for LLMs, with the goal of empowering developers to create the next generation of AI systems on the SingularityNET Platform.

SingularityNET is strategically positioned to become the Knowledge Layer of the Internet, leading the evolution of the emerging AI landscape while also laying the foundations for the Artificial General Intelligence (AGI) of tomorrow.

The team behind SingularityNET pioneered the development of an AI known as Sophia, which is described as the "world's most expressive robot". SingularityNET’s goal is to enable Sophia to be able to fully understand human language, and continue developing “OpenCog” — an AI framework that is hoped to eventually achieve a state known as “advanced general intelligence,” i.e. human-level artificial intelligence (or beyond).

The platform was first announced in 2017 and completed an initial coin offering (ICO) in December the same year, raising $36 million in just one minute.

SingularityNET

Secret (SCRT) is a privacy-oriented blockchain built on Cosmos. Its smart contracts are called Secret Contracts and allow DApps to use private data on Secret, similar to how smart contracts operate on other blockchains. However, Secret Contracts transfer encrypted inputs into encrypted outputs without exposing data. This is made possible thanks to the encrypted contract states during the execution.

Data privacy is guaranteed by combining encryption protocols and key management within a Trusted Execution Environment (TEE). This allows Secret Contracts to compete for several privacy-related use cases that traditional blockchains have found difficult to accommodate. For instance, private voting mechanisms or credit scoring applications become possible since they do not expose sensitive user data on-chain with Secret.