Open-source privacy-centric blockchain protocol, Secret Network, has launched an Ethereum Bridge capable of incorporating properties present in privacy coins such as Monero and Zcash to ERC-20 tokens earlier today. They call it the “Secret Tokens,” and according to the protocol’s official blog post, it is specifically developed to enable ERC-20 token and Ether (ETH) holders to fashion editable versions of their respective assets with enticing privacy features.
As clarified by Secret Network, this latest development is but part of the protocol’s much-wider plan to take enticing privacy properties into public blockchains. With this, developers may now build and eventually deploy Secret Network’s dedicated smart contracts that specifically utilize encrypted outputs, inputs, and states. Notably, reports say that such contracts allow blockchains to fully use private data in dapps without the user having to commit their personal data.
Secret Network then clarified that the “Secret” bridge would support ETH and 14 other ERC-20 tokens at its launch, as more will come down the line. To be specific, the tokens currently available in the platform are ETH, Uniswap (UNI), Band Protocol (BAND), Wrapped Bitcoin (wBTC), Maker (MKR), Kyber Network (KNC), Synthetix (SNX), Compound (COMP), Yearn Finance (YFI), Aave (AAVE), Ocean Protocol (OCEAN), Chainlink (LINK), as well as USDT, DAI, and TUSD stablecoins.
Lastly, the protocol clarified that users must first have a Metamask or Keplr wallet in order to use the platform or connect to Secret Network.