@thenodefather posted in Signal Proposal: Burn Fee + Min Fee Param Addition Since all feedback here, in telegram channels, and 1 on 1 conversations were overall supportive of this and all brought up concerns were addressed, this proposal is now in the deposit phase on mainnet.

@Jiricepelka (jiricepelka.𝕊crt/a³⚡🌊) posted in Cybertech Africa 2023 Please @SecretSkrillah don’t get me wrong, but the Secret Agency is a centralized organization, no one can directly onchain a vote there and even if they could the decision is up to 2-3 people Any member of the Secret community should be able to submit an ask to the community treasury whether it’s because the Agency just refuses for no reason or like in this case the Agency doesn’t have enough fu...

@Jiricepelka (jiricepelka.𝕊crt/a³⚡🌊) posted in Incentivising contributions with non-transferable/vested tokens - discussion Notes: The permanent vesting mechanism can have more uses, for example we can incentivise many more people with smaller amounts, leaving them motivated to continue working on the network.

@thenodefather posted in Deleted Q2 2021 transparency report for foundation Any update on these being put in an easier to find place?

@thenodefather posted in Signaling Prop: New Validator Reward System I think it makes more sense to tie a proposal like this to a set size decrease vs an inflation change. Inflation requires a separate and longer in depth discussion.

@taariq posted in Secret Network Testnet Committee Charter (Q3 2023) Thanks for the support Mohammed. Details are not finalized but I think a couple of weeks should be enough, not likely more than 4. As said not final and you and Shade’s input would be valuable too. In terms of cost, of course the network can run with fewer nodes, as done before and as it will need to for pulsar-3 initially, at the risk of stability, as before. Recently the testnet has taken st...

@Thepopeblack (Popeblack) posted in Cybertech Africa 2023 This is the Agenda for the Cybertech Africa Conference, Secret is a partner as the event and I will be speaking on Blockchain and Securing Cryptocurrency alongside with the ED Africa Blockchain Institute. Government officials and other great speakers will be present at the event. This is a great opportunity to network and generate leads at the events since we are only two speakers focused on Blo...

@mohammedpatla (Mohammed Patla 🕵| SecureSecrets ☄) posted in Signaling Prop: New Validator Reward System I agree the proposal should go with proper setup into decreasing the inflation of the network and hence making the protocol tokenomics more viable and sustainable for long term investors and users. I do like that a flat rate is set, alternatively other protocols also implemented a minimum commission of 5% to make it sustainable for validators.

@pmuecke posted in Governance Meeting Notes Mega-Thread Abstract The new Cayman NPO foundation will be established in the coming weeks, during the call a large majority of attendees preferred the name ‘Secret Network Foundation’ over ‘Secret Foundation’. An accounting firm to crunch the numbers and file tax returns has been found. The goal is to retrieve as many funds as possible from the for profit US entity before it is dissolved. The new foundation...

@Jiricepelka (jiricepelka.𝕊crt/a³⚡🌊) posted in Lowering Inflation in Secret Network Reducing inflation doesn’t strike me as such a bad idea, but it doesn’t strike me as appropriate now, in these market conditions, and immediately reducing inflation is not a good idea either. If the Secret Network is to reduce inflation ( long term it is a good idea ) then we need to make sure that it does not harm validators in any way, one way may be to incentivize smaller validators or cap the...

@taariq posted in Secret Network Testnet Committee Charter (Q3 2023) Hi everyone, Thanks to an increase in SCRT, as well as the buffer, we exchanged for $30386 and this again allowed us to run for an additional month. Testnet was challenging at times recently, but we’ve met the challenges. Currently syncing can take a long time, and you require more memory. This quarter we look forward to migrating to pulsar-3, which gives dApps a closer copy of mainnet. Stake...

@zenopie posted in Cybertech Africa 2023 the no with veto seems absolutely malicious to me, this is a reasonable, honest ask. just vote no if you don’t agree. shameful

@FerrumNetwork (Nick Odio) posted in Multichain DEX Aggregator from Ferrum Network Thanks for the info! Good to know. So because we’ve done some of the heavy lifting on the CosmWasm side already, its not going to require as much work as the non EVMs typically would require. For new non EVMs we would be looking at between 2-300k. But for this we’re thinking between 75-150k. I’m thinking it will be closer to the 75k figure than the 150k.

It’s been a true pleasure working with the @SecretNetwork team and building an encryption layer on @0xPolygon to deliver the first decentralized auction house for WEB3 assets 🤩🤩

NEW: Privacy as a Service Showcase - BIDSHOP BIDSHOP is a new dApp on Polygon that is utilizing Secret’s PaaS capabilities to provide encrypted bidding to its auction platform! Learn about the unique use-cases this unlocks, and be sure to check out the BIDSHOP dApp, as the first auctions will take place this weekend!👇 Read: https://scrt.network/blog/paas-showcase-bidshop Tweet: https://twitter.com/SecretNetwork/status/1674829309620502535

@assafmo (Assaf Morami) posted in Signal Proposal: Upgrade Mint (Inflation) Module WRT dev effort, the proposal needs to be more concrete for me to assess. In general it’s very painful to modify SDK functionality like that. The foundation tax feature is very hard to maintain across SDK upgrades, when we merge from upstream and have to resolve conflicts. All that to say that I’d like to see more well defined functionality with concrete examples.

@ertemann posted in Signaling Prop: New Validator Reward System if this path is taken i think it would make sense to (temporarily) decrease the number of active validators as well. This could potentially allow even a 1% inflation cut to be sufficient. Additionally i think if this proposal passes it should go hand in hand with an inflation decrease seeing as the impact this might have on the overal chain security than becomes lower. Id like to see this propos...

@thenodefather posted in Signal Proposal: Upgrade Mint (Inflation) Module Signal Proposal: Upgrade Mint (Inflation) Module This proposal is designed to assess community interest in upgrading the abilities of the mint (inflation) module to include the ability to allow for automatic adjustments over time. This is not a proposal to actually change the current inflation settings. Overview Presently the inflation parameters are designed using a moving change rate. The movin...

@SecretSaturn (h3rt) posted in Signaling Prop: New Validator Reward System We might need to add that 6% network tax is just an initial number taken from Nois. After doing some calculations, we think that 1.5%-2% gives validators a base income of around 10k SCRT yearly, which is enough at current prices to sustain a validator node. I added this to the original post.

@SecretSaturn (h3rt) posted in Signaling Prop: New Validator Reward System Hey everyone, We are proposing a new on-chain model for the validator reward system with the goal of creating a more sustainable income for all validators, including the lower-ranked ones. This proposal is inspired by the reward system implemented by Nois Network​1​. Current Situation At present, the rewards for validators on the Secret Network are heavily biased towards the top-ranked validato...

@winston (winston 🎩) posted in Update on Secret Foundation Transition Alex, it has come to my attention that SCRT Labs has substantial economic interest in an entity outside of Secret Network (https://www.fhenix.io/). Could ou please clarify the governance structure of the Secret Network Foundation prior to filing and also clarify who exactly you’re representing, assuming they consent to disclosure?

@SecretSaturn (h3rt) posted in Multichain DEX Aggregator from Ferrum Network I like what I see here. For the “grant”, do you plan to get funding from SCRT Labs or from the Community Pool?

NEW: 1RPC Secret Feature 1RPC, a privacy-preserving endpoint relay by Automata Network, now supports Secret, allowing users to prevent potential metadata tracking by endpoint providers! Try it out: https://1rpc.io/ Learn more in the blog: https://scrt.network/blog/secret-feature-1rpc Tweet: https://twitter.com/SecretNetwork/status/1674463360832745493

@thenodefather posted in Lowering Inflation in Secret Network How does this proposal affect Secret Network? I noticed that the original reasons shared with me for the proposal have not been shared here so I’ll outline and discuss the stated reasons and motives. Stated Reasons for the Proposal Counteracting Price Depreciation: Some individuals believe that the low price of Secret tokens is primarily or even mostly due to inflation. Increasing Total Value Lo...

Secret Spaces is starting now! We’ll be talking to the the BIDSHOP team about the encrypted auction dApp they're building on Polygon, which utilizes Secret's Privacy as a Service! https://twitter.com/i/spaces/1MYxNgmmRAVKw

@SecretSkrillah posted in Cybertech Africa 2023 Can confirm. Unfortunately we (Agency) do not have resources to fund this, although we 100% would if we did. This is a huge opportunity for Pope & Secret Network in Africa.

The final airdrop from Shade Protocol is now available, and $SHD staking is now live! If you were staking $SCRT, $LUNA, or $ATOM in late 2021, this airdrop may be available to you. Check out the full details on Shade’s blog: https://blog.shadeprotocol.io/shade-staking-live-on-mainnet/ Tweet: https://twitter.com/SecretNetwork/status/1674040846499422211

@ertemann posted in Lowering Inflation in Secret Network Without changing the core dynamics of how much SCRT goes to validators from the inflation or the number of active validators i think lowering the inflation will cause a significant validator exodus because of unsustainable economics. I am in favour of lowering inflation but probably not as a simple parameter change.

@antonymous posted in SNIP-52: Private Push Notifications That explains all. Thanks

@FerrumNetwork (Nick Odio) posted in Multichain DEX Aggregator from Ferrum Network Hey folks! Nick Odio here - Chief Growth Officer at Ferrum Network. I wanted to hop in here and let everyone know that Ferrum is quite keen on integrating our multichain DEX aggregator, MultiSwap, with Secret. I had a great conversation with @Patrick the other day and there seems to be a need for something like this in the ecosystem. Just to provide a bit of a background on Ferrum, we’ve been aro...

@pmuecke posted in Governance Meeting Notes Mega-Thread Abstract Contract migrations will likely be added in the 1.10 network upgrade. Old contracts that want this functionality need to signal this before the 1.10 upgrade as it will be hardcoded in the upgrade. Osmosis seems to be moving their forum discussions to Discourse, we’ll wait to see how this plays out before continuing the Commonwealth discussion. The maximum VP proposal seems to have had a ...

@SecretSaturn (h3rt) posted in The max. voting power (signaling) proposal After more discussions within the community and a sentiment shift, we’re putting this proposal up again. The past voting result can be found here: Interchain Explorer by Cosmostation

@Ilja posted in Feedback for contract upgradeability design Hoi Gijs, great news, this will really make life of dapp developers simpler. For ActiList, since we are on testnet, old contracts wont be an issue. We launch after SN uprade, and then hopefully this feature will work for us out of the box.

@ertemann posted in Feedback for contract upgradeability design Hey developer community, It took over 6 months but upgradeability for Secret contracts is back on the top of the list after much design consideration was put into it and other issues and requirements were solved. The method most agreed solution to upgradeable contracts seemed to have been D but unfortunately due to technical complexity this wont really be an option. - Verifying governance outcom...

@Thepopeblack (Popeblack) posted in Cybertech Africa 2023 The Agency doesn’t have the funds to cover for the expenses. I plan on going on chain 🙂

@SecretSaturn (h3rt) posted in Cybertech Africa 2023 That 100% sounds like something that the Agency should be paying. Do you want to go to the community pool with this?

@Thepopeblack (Popeblack) posted in Cybertech Africa 2023 ABOUT CYBERTECH: Rwanda pan-African Cybertech Africa coming up Agusut 1-2 From lectures to plenary sessions and VIP speakers, Cybertech Africa 2023 will feature an extensive exhibition for multinational companies and SMBs alike, as well as a Startup Pavilion, where young and innovative startups display their cutting-edge technologies. Official website: https://africa.cybertechconference.com/ Twi...

You spoke, and Binance listened! Binance will not be delisting SCRT, along with six other privacy-focused cryptocurrencies, in European countries. Read the full story below! Read: https://decrypt.co/142973/binance-delist-monero-zcash-4-european-countries Tweet: https://twitter.com/SecretNetwork/status/1672244057928597506

Secret Network is now supported on Babylon Testnet! Babylon is bringing Bitcoin security to the Cosmos ecosystem and beyond. Learn more about what this enables for Secret 👇 https://blog.scrt.network/babylon-chain-testnet Tweet: https://twitter.com/SecretNetwork/status/1671911816836907008 Babylon blog: https://www.babylonchain.io/blogs/babylon-testnet-integrates-with-secret-network Babylon tweet: https://twitter.com/babylon_chain/status/1671869044587110400

@supdoggie posted in SNIP-52: Private Push Notifications This refers to the fact that if an execution does not produce any notifications then the contract will add an attribute to the event log using random data to produce a decoy notification, which an observer cannot distinguish from a real one. Clients will receive a websocket message for each execution of the contract they are subscribed to. If their notification ID is present in the log, then th...

@darwinzer0 (Ben Adams) posted in SNIP-52: Private Push Notifications Thanks for the question! We’ve written about some privacy considerations in the spec: SNIPs/SNIP-52.md at feat/snip-52 · SolarRepublic/SNIPs · GitHub. To summarise here: encrypted notifications have an id that is only known to the recipient, so observers watching the logs on the chain cannot know who a notification is meant for. However, we do detail a hypothetical sophisticated side chain attack...

@antonymous posted in SNIP-52: Private Push Notifications Fully private: Observers cannot determine the recipient of a notification, nor can they tell if a notification actually occurred (i.e., indistinguishable decoys) Can you elaborate the indistinguishable decoys functionality? Essentially my question is how will the privacy of who is subscribed to what be preserved?

@supdoggie posted in SNIP-52: Private Push Notifications Hi folks, Earlier today, @darwinzer0 and I announced our recent work on a new SNIP proposal that allows contracts to secretly notify users when arbitrary events occur. We leverage the existing Tendermint event stack to create a private push-based notification service. [notification-map] The primary features of this service are: Fully private: Observers cannot determine the recipient of a no...

@pmuecke posted in Governance Meeting Notes Mega-Thread Abstract 2023/06/12 The Keplr 2.0 upgrade has caused a number of issues to UX, mainly the fact it resets all viewing keys. StarShell is a good alternative for Secret. The SecretAnalytics backend is getting closer to a state where it can be released to the public. It may be interesting to move (part of) the front-end to the Secret Dashboard both to have all information on one page, as well as tra...

NEW: Unlocking the Secret World of Random Numbers in Blockchain! This brand new blog from Secret Foundation Executive Director Lisa Loud dives into Random Number Generation, and how Secret VRF ensures the integrity of the RNG process! Read on 👇 Blog: https://scrt.network/blog/unlocking-the-secret-world-of-random-numbers-in-blockchain Tweet: https://twitter.com/SecretNetwork/status/1668665263204577291

NEW: The updated Secret Network Ecosystem Roadmap is here! BIG things are happening for Secret, with exciting new network features, innovative product launches, and highly anticipated mainnet integrations. Dive into the website for a look at what you can expect! Website: https://scrt.network/ecosystem/ecosystem-roadmap Tweet: https://twitter.com/SecretNetwork/status/1666476167719690240

NEW: Introducing Privacy as a Service 🚚 PaaS is bringing the power of Secret to all blockchains, providing private computation to public networks, and opening up a whole new world of possibilities through cross-chain communication! Learn more 👇 Blog: https://scrt.network/blog/privacy-as-a-service Tweet: https://twitter.com/SecretNetwork/status/1666113741992124416

@pmuecke posted in Governance Meeting Notes Mega-Thread Abstract The new Secret Foundation NPO Executive Director will be Lisa Loud, the full announcement: Introducing the New Executive Director of the Secret Foundation, Lisa Loud | Secret Network Blog ; https://twitter.com/SecretNetwork/status/1665754209445085195 The trustee to oversee the transition of SF to NPO introduced himself and will join the governance calls every first Monday of the month....

NEW: Announcing a new member to the Secret Network team! Lisa Loud is Secret Foundation’s new Executive Director! Lisa brings a wealth of experience, including previous positions as COO of ShapeShift, Head of U.S. Digital Acquisition for Merchants at PayPal, and Software Engineering Manager at Apple. She was also featured in CoinTelegraph’s 2023 list of Top 100 Blockchain Influencers. Lisa will be guiding the restructuring of Secret Foundation into a new NPO entity, and leading operations of this new entity as it continues to support the growth of Secret Network alongside SCRT Labs. We’re looking forward to working with Lisa, as we take Secret Network to the next level. Welcome aboard, Lisa! Learn more: https://scrt.network/blog/introducing-lisa-loud-executive-director-secret-foundation Tweet: https://twitter.com/SecretNetwork/status/1665754209445085195

Binance recently communicated to their customers that some privacy-related tokens are being made unavailable to some specific European countries. One of the tokens included in this announcement was SCRT: https://decrypt.co/142973/binance-delist-monero-zcash-4-european-countries To clarify: SCRT is not a "privacy coin" - transactions made with the token are public, and it's used for governance, staking, and paying on-chain gas fees, similar to Ethereum's ETH. Secret Network is a powerful platform for building privacy-preserving dApps that don't leak data. It's one of the only blockchains that can support GDPR-type regulations. We've clarified this to Binance, and their team is re-evaluating making SCRT available to EU users. All Web3 users - and all Web2 users - have the right to use apps that don't expose their data, preserving safety and security. Secret Network is committed to building a more secure Web3. If you care about this mission, let Binance know you want to see SCRT available in the EU. Tweet: https://twitter.com/SecretNetwork/status/1664306848319565824