Wu reports that the privacy public chain Secret Network community has released an L1 continuation draft, proposing that after Secret Labs ceases development and support for the existing network, the community will establish a new entity to continue core development and operation. The plan does not migrate to a new chain, but restructures the token economy by issuing additional SCRT. Existing token holders and SCRT locked in contracts will retain their original balances, but their ownership proportion will be diluted. The newly issued tokens are intended to be allocated to the new entity, validators, relayers, developers, and victims of hacking incidents. The draft uses an 80% dilution as a calculation example, corresponding to the issuance of approximately 1.448 billion SCRT, but the final dilution ratio, allocation weights, lock‑up arrangements, and compensation rules have not yet been determined.
https://t.co/p1BR4ij0Xg

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the blockchain a privacy project builds on is the most important decision the team makes.
@SNVROfficial chose Secret Network, one of the only blockchains where privacy is enforced at the protocol level through Trusted Execution Environments. not added on top. built into the foundation.
your balances are private. your transfers are hidden. your transactions are encrypted. not because of a layer on top, because of how the chain itself works.
everything SNVR builds starts here.
for an early privacy-focused project, SNVR’s Cyberscope audit is a milestone worth noting.
the audit identified six findings one critical, one medium, and four minor and the team acknowledged all of them, showing a commitment to transparency and improvement.
what stands out is not that issues were found (most audits uncover areas to improve), but that SNVR chose to address them openly and build with security in mind.
With a 96% security score from Cyberscope, @SNVROfficial continues working toward a stronger privacy-first ecosystem on Secret Network.
check it out : https://t.co/Y77fbAsbyT
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