And yes, another article today about the Youtube channel Coin Bureau, you are starting to be used to it you who follow assiduously Croblanc for so many years already! The interest for this channel keeps growing over the years and we are very happy to share it with you once again. That's why we're writing this article today, because we already know that it will arouse your interest.
The Youtube channel Coin Bureau has published today a new video called Privacy Coins: The HOTTEST Projects for 2021!! 🔍. You want to discover this video and watch it in streaming, you are lucky we put it aside for you!
We could find in the next hours this content in the trend tool of Youtube because of the start that it makes! Since the Youtube channel Coin Bureau posted it, many people are talking about it on the networks. Let's wait for a few hours before we know how successful this video is.
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The whole editorial staff hopes you enjoyed this article, as well as the video Privacy Coins: The HOTTEST Projects for 2021!! 🔍 you discovered today with us. Before saying goodbye, we remind you that you can watch other videos from Coin Bureau by browsing Croblanc. Although we don't have as much content as Youtube yet, we work every day to offer you the best of the internet!
We'll see you soon for a new content on Croblanc, and in the meantime we say Ciao to the next one!
For your information, you can find below the description of the video Privacy Coins: The HOTTEST Projects for 2021!! 🔍 published by the Youtube channel Coin Bureau:
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📺Essential Videos📺
Kusama Cryptocurrency Explained 👉 https://youtu.be/mNSuvYaJ2Vg
Best Privacy Cryptocurrencies 👉 https://youtu.be/sgmvsB1omx0
Cosmos Cryptocurrency Explained 👉 https://youtu.be/x1gnWnyxLNE
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- TIMESTAMPS -
0:00 Intro
2:22 What's Secret Network?
4:19 How Does Secret Network Work?
6:14 SCRT Tokenomics
9:03 Secret Network Potential
11:20 What's Tornado Cash?
13:16 How Does Tornado Cash Work?
15:07 TORN Tokenomics
16:40 Tornado Cash Potential
21:03 Outro
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Enigma Cryptocurrency Explained: https://www.coinbureau.com/review/overview-enigma-secret-contract-cryptocurrency/
► Secret Network Blockchain Explorer: https://secretnodes.com/secret/chains/secret-2
► Keplr Browser Wallet: https://chrome.google.com/webstore/detail/keplr/dmkamcknogkgcdfhhbddcghachkejeap?hl=en
► Secret Ethereum Bridge & SecretSwap AMM: https://bridge.scrt.network/swap#Swap
► How Tornado Cash Works In Detail: https://tornado-cash.medium.com/introducing-private-transactions-on-ethereum-now-42ee915babe0
► Tornado Cash App: https://app.tornado.cash/
► Tornado Cash Privacy Tips: https://tornado-cash.medium.com/how-to-stay-anonymous-with-tornado-cash-and-similar-solutions-efdecdbd7d37
► TORN Token Details: https://tornado-cash.medium.com/tornado-cash-governance-proposal-a55c5c7d0703
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🤫What is Secret Network?🤫
Secret Network is the first cryptocurrency blockchain to offer privacy preserving smart contracts called ‘secret contracts’.
However, Secret Network’s native SCRT coin is *not* a privacy coin. Only the Secret Tokens used in the smart contracts preserve user privacy. Viewing keys make it possible to be compliant with regulations.
🛠How Does Secret Network Work?🛠
Secret Network was built using the Cosmos SDK. It uses Tendermint, which is a byzantine fault tolerant delegated proof of stake consensus mechanism
Secret Contracts on Secret Network achieve privacy by running inside trusted execution environments or TEEs. These function like a black box wherein computations can be performed on encrypted data
💰SCRT Tokenomics 💰
Enigma token holders were given the option to burn ENG on Ethereum to mint an equivalent amount of SCRT on Secret
While only 115 million ENG were burned, Secret Network minted an additional 45 million SCRT to fund various elements of the network.
📊Secret Network Potential📊
Secret Network already has a long laundry list of desired DeFi protocols including synthetic assets, lending, borrowing, and automated yield protocols like yearn finance
The Secret Ethereum bridge already has over 50 million dollars of Ethereum assets locked, which is more than a fourth of the market cap of the SCRT coin
🌪What is Tornado Cash?🌪
Tornado Cash is a protocol that makes it possible to send private transactions on Ethereum
🛠How Does Tornado Cash Work?🛠
Ethereum assets are deposited into a smart contract. When this is done, a cryptographic proof (“receipt”) is given to the depositor, which allows them to claim whatever amount of crypto they deposited.
A privacy technology used in Zcash called Zksnarks makes it possible to claim these coins using the proof without revealing which coins were initially deposited to get that proof, thus breaking the connection between sender and recipient
💰TORN Tokenomics💰
TORN is an ERC-20 token that is used to govern the Tornado Cash protocol. There was no ICO for the token
Instead, vouchers to claim the tokens were airdropped to all Ethereum wallet addresses that deposited assets into the protocol prior to December 6th, 2020
This airdrop was designed to ensure an equitable distribution of tokens. The average user received over 23 000$USD in TORN. Only 500 thousand TORN were airdropped and TORN has a max supply of 10 million.
📊Tornado Cash Potential📊
TORN has a very small market cap, and the TVL locked on Tornado Cash suggests it could grow significantly
However, it is unclear whether that TVL is just people farming TORN tokens.
From a supply-demand perspective, there is a lot more supply of TORN that has yet to come on to the market and there is likely not enough demand to meet it
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Crypto #SCRT #TORN #TornadoCash #SecretNetwork #Ethereum