SECRET NETWORK/STAKEWOLLE VALIDATOR.

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Stakewolle Ambassadors

4 min readDec 4, 2022

Who or what is Secret Network?

You may make any coin or blockchain token private by using secret tokens. It’s similar to giving your tokens a disguise. Your sending and receiving wallet addresses as well as the token balance are encrypted once you convert your ETH, BNB, or COMP into Secret Tokens. This lets you to hold and transfer your cryptocurrency in private while keeping your data secret on the public ledger.

The first blockchain with adjustable privacy is Secret Network. You get to decide what, who, and how you share. This safeguards users and gives developers more freedom to create a better Web3.

Workings of Secret Network Token.

Like Ethereum’s ERC-20 tokens, Secret Tokens are programmable, but they have encrypted input, output, and state. External observers are not permitted access to the following information:

The value of your Secret Tokens

Only your interactions with the Secret Token smart contract are visible to everyone on the ledger. This is due to the fact that the Secret Network’s native coin (SCRT), which is required to purchase network gas, is public. It is also required when converting from SCRT to sSCRT (and vice versa).

As soon as someone knows your wallet address, they can track every step you make on a public blockchain. This pseudonymous feature of blockchain technology is usually never attained due to KYC rules and off-chain data analysis. Everything, including your balance and any recent and upcoming transactions, becomes visible once your identification is connected to your wallet address. However, with the emergence of Dapps, everything else, like your on-chain insurance, debt standing, social media presence, art collection, and digital identity, may also be made public. utilizing open blockchains.

However, Secret Network provides privacy by default, allowing users and developers to share only the data they wish. This is true not just for banking applications but also for data from any other application you use on the Secret Network blockchain.

Without privacy, Web3 will be a riskier version of Web2, where your data and consumer behavior would just be available to the public and waiting to be used by large corporations once more.

WHY STAKEWOLLE SHOULD VALIDATE YOUR SCRT TOKENS.

A leading validator for blockchains using Proof of Stake is Stakewolle. Since 2020, Stakewolle has been operating and supporting more than 25 networks. While allowing users to stake with confidence, this validator platform strives to secure and contribute to this innovative new ecosystem. A validator serves as a go-between for users and the network, maintaining security and transferring data between blocks. Stakewolle seeks to preserve, oversee, and participate in significant ecosystem projects while also luring new residents to the area. Stakewolle has a very advanced platform, a distinctive user interface, dashboards, and cutting-edge monitoring technology.

You may automatically compound your staking gains with Stakewolle, a great idea of features of the REStake app that were created by the ECO Stake team. With this option, you can qualify for a higher APY and earn greater incentives. We go into greater depth about the APR and APY in our video.

Stakewolle offers complete network assistance. Everyone should be able to take part in the development of the Cosmos ecosystem because we aim to foster a democratic environment.

ACTIONS ON HOW TO STAKE YOUR SECRET TOKENS.

# Start by going to your Keplr wallet, or make one if you don’t already have one.

# On the Secret Networks dashboard, you would be able to see your available balance.

# Select any of the validators from the list below; however, to avoid centralization, I advise choosing Stakewolle and staying away from the top validators.