Shinobi Protocol @ShinobiProtocol
Privacy Solution for Bitcoin Using the Secret Network sbtc.ninja Joined August 2021-
Tweets380
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Followers4K
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Following8
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Likes772
Q. What is the difference between Cosmos and CosmosSDK? A. Cosmos is the name of an Ecosystem. CosmosSDK is a Toolkit for building new chains. 📚 #ShinobiEducation 📚
What do you think of web3 privacy? $SNB
Q. Why does Shinobi use Secret Network? A. Comprehensive privacy on smart contract is essential for creating a trustless interchain bridge. At the moment, Secret Network is the only network that has implemented the secret contract mechanism. 📚 #ShinobiEducation 📚
SNB can used to incentivize participation in Shuriken Network, Locked Staking, and Shinobi governance. SNB Voting Escrow will be introduced to boost the growth of Shinobi Protocol !! 📚 #ShinobiEducation 📚
Q. What is SNB token? A. SNB is the native token of Shinobi. It uses the SNIP-20 token standard on Secret Network.
Shinobi expands the utility of Bitcoin by providing a way to send and Bitcoin across different blockchain networks in a trustless manner. It will also open up the door for Bitcoin composability on smart contract chains and IBC applications. #ShinobiEducation 📚
Q. What is Bitcoin ? A. If you don’t know what Bitcoin is, I’m surprised you got this far ! Bitcoin is the most important invention of the last century, separating money from the state and providing access to an open and fair monetary network to everyone in the world.
The SNB Voting-Escrow consists of - Lock Mechanism (max 4 years. ve Power is calculated as Amount * Remaining Time) - Liquidity Mining - Boost Mechanism (More ve Power, More rewards) #ShinobiEducation 📚
Q. What is a Voting-Escrow ? A. The Voting-Escrow mechanism was first implemented by Curve.fi.
Q. What is SNIP-20 ? A. SNIP-20 is a fungible token standard of Secret Network. SNIP-20 allows the composability of Shinobi assets such as SNB and sBTC ! #ShinobiEducation 📚
Q. What is a Secret Contract ? A. Secret is a smart contract of Secret network. Secret contract can keep the data & result of execution privately, least of Secret Network Validators. That why Shinobi can build on 🥷 📚 #ShinobiEducation 📚
Q. What makes Shinobi special 🥷？ A. - non-custodial (no middleman) - zero collateral (secured by TEE of Secret Network) - Interoperable (Built on CosmosSDK chain & integrated IBC) 📚 #ShinobiEducation 📚
Shinobi Development Update 🥷 We launched SNIP-20 token vesting cotract on Secret Network. Open the gate to the standard of vesting contract of the secret network ! medium.com/@ShinobiProtoc…
Q. What is IBC? A. IBC (Inter-Blockchain Communication Protocol) is a protocol to handle authentication and transport of data between two blockchains. (from tutorials.cosmos.network/academy/4-ibc/… ) 📚 #ShinobiEducation 📚
Nonetheless, a light client can verify the information retrieved from a full node in a trustless manner. 📚 #ShinobiEducation 📚
Q. What is a Light Client? A. Unlike full nodes, light clients do not store all the information contained in a block. It requests necessary information from the full node as needed.
Using this technique, the attacker may extract information the contract had attempted to keep private. … and Shuriken fixes this! medium.com/@ShinobiProtoc… 📚 #ShinobiEducation 📚
Q. What is a Side Fork Attack A. In a side fork attack, an attacker forks the Secret Network blockchain from mainnet to their local environment. They will execute contracts on their local fork chain and analyze the results.
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