Bridge to Incognito Chain

Secret Network
6

Sorry for the late reply. I had thought to give a comprehensive reply. That’s why I’m late. You know procrastination :slight_smile: but I think I won’t be able to have time for this. I have invested in both projects and try to follow them closely. I’ll sum up the differences shortly.

  • To me (at least for now) Incognito focuses on the ultimate privacy, decentralization and scalability. Secret focuses on the privacy-preserving smart contracts. Incognito has also smart contract support (pEthereum, see the posts above) but it is in an L2 fashion. As its name implies, Incognito tries to behave like incognito mode of the browsers.

  • Incognito Mainnet launch date: November 2019, Secret Mainnet launch date: February 2020

  • Incognito TVL: $27,970,458 , Secret TVL: $64,641,845.89

  • Their DEXes (pDEX and Secretswap) has similar 24h volumes.

  • pDEX launch date: November 2019, Secretswap launch date: February 2021

  • pDEX TVL: $20,752,601, Secretswap: ~$46,000,000 (before rollback)

  • Secret is more visible to the crypto community. Incognito team does not care about marketing so much as you may see easily :slight_smile: The approach is that the users will find Incognito when they need the privacy and they will demand it sooner or later :slight_smile: However, after pDEX v3 (governance, orderbook support, and AMM-curve manipulation support will be added), Incognito re-enable growth mode.

  • Incognito has more bridges than Secret has. Incognito: BTC, ETH, XMR, BSC, BC, DASH, LTC, ZEC, TOMO, ZIL, NEO, Secret: ETH, BSC, XMR. Currently, Secret and Incognito tokens can be bridged over BSC and XMR cheaply. However, instead of those workarounds, I wish they built a native bridge between Secret and Incognito. For the sake of the crypto privacy ecosystem: unus pro omnibus, omnes pro uno :slight_smile:

That’s all for now.

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