In the real world on which the global economy relies & operates, every individual is concerned about the security & privacy of their personal financial transactions or activities. To avoid any type of financial threat, we are not supposed to uncover or reveal every aspect of our financial activities to the public. We want a secured financial platform with the ability to select parties that can access our confidential data along with certain conditions, for example, our credit history or bank transactions, etc. The issue with the blockchain world is that this financial protection is not available to us in reality. This has brought many terrible maltreatments, such as the act of “front running” where a foul person can exploit you immediately after noticing your transaction on a public blockchain. The necessary step is to introduce a quality infrastructure improvement to resolve this issue, for, without it, the crypto "Shangri-La" of "Defi" (decentralized Finance) will never be able to overcome the threats.
Thereby it is important that some of the leading & most popular organizations in the domain of blockchain financing are investing equivalent of $11.5 million into SCRT, the local coin of the Secret Network blockchain. The investment was driven by Arrington Capital and Blocktower Capital and also involves Spartan Group and Skynet Trading.
Great piece 🔥
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