An open-source blockchain protocol referred to as the Secret Community is now providing privateness options for the Ethereum blockchain and 14 ERC-20 tokens.

In keeping with a Secret Community weblog put up, the protocol launched its Secret Ethereum Bridge on the mainnet immediately, which is designed to permit Ether (ETH) and all ERC-20 token holders to create programmable variations of their property with privateness options. The Secret Community in contrast these “secret” tokens to privateness cash like Monero (XMR):

“Secret Tokens mix the programmability of ERC-20s with the privateness of cash like Zcash or Monero. Interactions with Secret Token contracts are encrypted, viewable solely to handle house owners or holders of their viewing key.”

Secret Community mentioned that it will initially provide these privateness options to 14 ERC-20 tokens, together with ETH, Yearn.Finance (YFI), Uniswap (UNI), Band (BAND), Compound (COMP), Chainlink (LINK), Aave (AAVE), Kyber (KNC), Synthetix (SNX), Ocean (OCEAN), Maker (MKR), Dai (DAI), Tether (USDT), True USD (TUSD), and wrapped Bitcoin (WBTC).

The newest Ethereum announcement is a part of a broader plan from the Secret Community to deliver privateness options to public blockchains. Builders can construct and deploy the protocol’s “secret” good contracts that use encrypted inputs, outputs, and states. These contracts reportedly permit a blockchain to make the most of non-public information in decentralized apps with out compromising customers’ private information.

The protocol mentioned it was additionally planning on launching bridge mining rewards beginning in January. Crypto customers can earn Secret’s SCRT tokens for protecting their property locked on the Secret Ethereum Bridge.