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Shinobi Protocol

@ShinobiProtocol

Privacy Solution for Bitcoin Using the Secret Network

sbtc.ninja
Joined August 2021
  • Tweets380
  • Following8
  • Followers3.9K
📣📣Shinobi’s strong #tokenomics promotes sustainable growth in the long term. 💎Total supply: 1 million tokens 💎Initial supply: 19% of total 🥷 Learn how it’s developed to create a robust ecosystem. medium.com/@ShinobiProtocol/… $SNB $SCRT
$SNB Distribution

$SNB Distribution

The Tokenomics of Shinobi have been designed to create a self-sustaining economy driven by The Shinobi Token ($SNB).

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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 📚
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What do you think of web3 privacy? $SNB
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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 📚
Image from Shinobi Protocol (@ShinobiProtocol)
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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 📚
Image from Shinobi Protocol (@ShinobiProtocol)
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Q. What is SNB token? A. SNB is the native token of Shinobi. It uses the SNIP-20 token standard on Secret Network.
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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 📚
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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 📚
Image from Shinobi Protocol (@ShinobiProtocol)
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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.
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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 📚
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Q. What is a Voting-Escrow ? A. The Voting-Escrow mechanism was first implemented by Curve.fi.
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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 📚
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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 📚
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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 📚
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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 📚
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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/@ShinobiProtocol/…
Shinobi Protocol Dev Update #1

Shinobi Protocol Dev Update #1

We’re excited to announce the new development of vesting contracts!

medium.com
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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/aca… ) 📚 #ShinobiEducation 📚
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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.
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Nonetheless, a light client can verify the information retrieved from a full node in a trustless manner. 📚 #ShinobiEducation 📚
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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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Using this technique, the attacker may extract information the contract had attempted to keep private. … and Shuriken fixes this! medium.com/@ShinobiProtocol/… 📚 #ShinobiEducation 📚
Introducing SFPS — Side Fork Prevention System

Introducing SFPS — Side Fork Prevention System

We are excited to announce SFPS — — Side Fork Prevention System, which is a powerful security tool for Secret Network!

medium.com
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