Secret contracts may soon bring privacy features to public Blockchains

Cointelegraph

Published Aug 31, 2020 01:51PM ET

Updated Aug 31, 2020 04:20PM ET

Open-source Blockchain protocol Secret Network announced its intention to add privacy-based secret contracts to its mainnet. The upgrade will take place on September 15 once the proposal is passed by the community.

According to the foundation’s announcement, developers will have the opportunity to build and deploy so-called “secret” smart contracts that use encrypted inputs, outputs, and states. Secret contracts could enable many different blockchains to utilize private data in decentralized apps without compromising their user’s personal security.

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